ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0846%/8h= +92.6% APRnext payment +$1.06 per $10,000 · paid last 24h +0.299%

Price spread now: GMX against Kraken Futures−0.179%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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—needs both histories

Funding pays, the price is against you. GMX is 0.179% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.179% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 17 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ORDIUSD	4.8422	0.2513	pay 0.0314% / 1h	0m 48s	$65K	$42K	25x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.8335	L +0.0238% / S −0.3359%	get 0.0420% / 1h	0m 48s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.179%Rate

Funding earned: $177.61
Price spread: −0.179% → 0.000%: −$17.86
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $137.75
Costs to cover: 0.220%
Break-even: 1.6 days

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Kraken Futures and 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	4.8354	−0.141%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−5.931%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0069%	4h	4.8330	−0.190%	$605K	$298K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8374	−0.099%	$704K	$645K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8328	−0.193%	$5K	$415K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8328	−0.193%	$9.8M	$30.7M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8290	−0.273%	$4.1M	$4.2M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8280	−0.293%	$5.2M	$16.1M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8310	−0.231%	$1.2M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8320	−0.211%	$7.0M	$3.3M	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	4.8317	−0.217%	$924K	$824K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8290	−0.273%	$2.8M	$2.9M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8290	−0.273%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8348	−0.153%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8280	−0.293%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8340	−0.169%	$88K	$363K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8323	−0.205%	$4K	$172K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0238% / S −0.3359%	1h	4.8335	−0.179%	$8K	—	100x
Kraken Futures PF_ORDIUSDlong	+0.2513%	1h	4.8422	long leg	$65K	$42K	25x