Funding you earn now, next payment 06:00 UTC+0.3259%/8h= +356.8% APRpaid last 24h +0.576%
Price spread now: GMX against Variational Omni+0.732%50s7-day average — · you sell dearer than you buy
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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$98 a day on $10k at the current rate, and GMX is 0.732% dearer against Variational Omni than usual: you sell high and buy low: +$73 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | Variational Omni ORDI | 4.8492 | 0.0100 | pay 0.0050% / 4h | 2h 17m | $24K | $38K | — |
| Short | GMX ORDI/USD [WBTC.b-USDC] | 4.8846 | L +0.0239% / S −0.3359% | get 0.0420% / 1h | 17m 36s | $8K | — | 100x |
Variational Omni ORDI
GMX ORDI/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $684.29
- Price spread: +0.732% → 0.000%
- $73.17
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $745.46
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Variational Omni 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0714% | 1h | 4.8847 | +0.733% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0014% | 4h | 4.8950 | +0.945% | $1.3M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8885 | +0.812% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.066% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0073% | 4h | 4.8790 | +0.616% | $591K | $312K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9016 | +1.082% | $707K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9030 | +1.110% | $7K | $431K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9010 | +1.069% | $10.0M | $34.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8970 | +0.987% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8980 | +1.007% | $5.2M | $18.2M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8980 | +1.007% | $6.5M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8972 | +0.991% | $989K | $829K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9000 | +1.049% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9000 | +1.049% | — | $26.9M | — | as long as short |
| Variational Omni ORDIlong | +0.0100% | 4h | 4.8492 | long leg | $24K | $38K | — | |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8830 | +0.698% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8780 | +0.595% | $85K | $440K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8987 | +1.021% | $2K | $179K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]short | L +0.0239% / S −0.3359% | 1h | 4.8846 | +0.732% | $8K | — | 100x |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD