Funding arb · Price arb /

ORDI

all ORDI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.3259%/8h= +356.8% APRpaid last 24h +0.468%

Price spread now: GMX against KuCoin+0.018%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$98 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ORDIUSDTM	4.8525	0.0100	pay 0.0050% / 4h	1h 06m	$974K	$878K	50x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.8534	L +0.0239% / S −0.3359%	get 0.0420% / 1h	6m 40s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $684.29
Price spread: +0.018% → 0.000%: $1.77
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $662.06
Costs to cover: 0.240%
Break-even: 0.2 days

Slippage unknown: KuCoin: live order book, 48 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 KuCoin live order book, 48 min ago	7.87 bp	30.6 bp −$31	1004.8 bp −$10.0K	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
Kraken Futures PF_ORDIUSD	−0.0353%	1h	4.8530	+0.010%	$71K	$45K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8450	−0.154%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.131%	$776	$20K	5.5x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8583	+0.119%	$13K	$428K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8512	−0.026%	$10.0M	$33.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8450	−0.155%	$4.2M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8460	−0.134%	$5.2M	$17.4M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8480	−0.093%	$1.3M	$2.8M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8460	−0.134%	$6.8M	$3.4M	200x	as long as short
KuCoin ORDIUSDTMlong	+0.0100%	4h	4.8525	long leg	$974K	$878K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ORDIUSDT	+0.0100%	4h	4.8470	−0.113%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8510	−0.031%	—	$27.1M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8775	+0.516%	$24K	$55K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8490	−0.072%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8510	−0.031%	$80K	$395K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8467	−0.119%	$5K	$190K	5x	as long as short
BloFin ORDI-USDT	+0.0122%	4h	4.8590	+0.134%	$605K	$303K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0239% / S −0.3359%	1h	4.8534	+0.018%	$8K	—	100x
Hyperliquid ORDI	+0.0279%	1h	4.8631	+0.218%	$701K	$661K	3x	as long as short