ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.3259%/8h= +356.8% APRnext payment +$4.07 per $10,000 · paid last 24h +0.393%

Price spread now: GMX against Hyperliquid−0.359%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.359% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.359% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 9 hours of funding at the current rate (+$98 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ORDI	4.9533	0.0100	pay 0.0013% / 1h	17m 12s	$718K	$649K	3x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.9355	L +0.0239% / S −0.3359%	get 0.0420% / 1h	17m 12s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GMXbpOrdersPrice spread, now −0.359%Rate

Funding earned: $684.29
Price spread: −0.359% → 0.000%: −$35.89
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $627.4
Costs to cover: 0.210%
Break-even: 0.6 days

Slippage unknown: Hyperliquid: live order book, 43 min ago; GMX: 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 Hyperliquid live order book, 43 min ago	2.46 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
dYdX ORDI-USD	0.0000%	1h	4.9289	−0.492%	$34K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−8.041%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0074%	4h	4.9390	−0.289%	$609K	$316K	75x	as long as short
Hyperliquid ORDIlong	+0.0100%	1h	4.9533	long leg	$718K	$649K	3x
Aster ORDIUSDT	+0.0100%	4h	4.9441	−0.186%	$5K	$421K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9400	−0.269%	$10.2M	$31.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9350	−0.369%	$4.2M	$4.3M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9340	−0.390%	$5.4M	$16.8M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.9360	−0.349%	$1.3M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.9430	−0.208%	$7.2M	$3.4M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.9406	−0.256%	$949K	$810K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9390	−0.289%	$2.9M	$3.1M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.9360	−0.349%	—	$27.5M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9212	−0.648%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9310	−0.450%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9330	−0.410%	$90K	$348K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9367	−0.335%	$4K	$192K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0239% / S −0.3359%	1h	4.9355	−0.359%	$8K	—	100x
Kraken Futures PF_ORDIUSD	+0.2931%	1h	4.9540	+0.014%	$66K	$39K	25x	as long as short