Funding you earn now, next payment 05:00 UTC−0.0206%/8h= −22.6% APRnext payment −$0.26 per $10,000 · paid last 24h −0.052%
Price spread now: Injective against GMX−6.445%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 6.445% cheaper against GMX than usual: you would sell low and buy high (−$645 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ORDI/USD [WBTC.b-USDC] | 4.8688 | L +0.0239% / S −0.3359% | pay 0.0030% / 1h | 1m 47s | $8K | — | 100x |
| Short | Injective ORDI/USDC PERP | 4.5550 | 0.0033 | get 0.0004% / 1h | 1m 47s | $776 | $20K | 5.5x |
GMX ORDI/USD [WBTC.b-USDC]
Injective ORDI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.25
- Price spread: −6.445% → 0.000%
- −$644.52
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$699.79
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GMX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
GMX and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ORDI on 19 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ORDI_USDT | −0.0620% | 4h | 4.8650 | −0.078% | $1.3M | $2.8M | 50x | as long as short |
| Kraken Futures PF_ORDIUSD | −0.0577% | 1h | 4.8616 | −0.148% | $69K | $48K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8710 | +0.046% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERPshort | +0.0033% | 1h | 4.5550 | −6.445% | $776 | $20K | 5.5x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8772 | +0.172% | $703K | $665K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8753 | +0.134% | $7K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8758 | +0.145% | $9.9M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8690 | +0.004% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8740 | +0.107% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8750 | +0.127% | $6.6M | $3.3M | 200x | as long as short |
Gate ORDI_USDT
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8704 | +0.033% | $972K | $830K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8680 | −0.016% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8730 | +0.086% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8946 | +0.531% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8670 | −0.037% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8670 | −0.037% | $82K | $408K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8679 | −0.018% | $4K | $180K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0117% | 4h | 4.8780 | +0.189% | $598K | $306K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]long | L +0.0239% / S −0.3359% | 1h | 4.8688 | long leg | $8K | — | 100x |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT