Funding you earn now, next payment 04:00 UTC−0.0139%/8h= −15.3% APRpaid last 24h −0.031%
Price spread now: Binance against GMX+0.047%7-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—needs both histories
The price spread pays, funding is against you. Binance is 0.047% dearer against GMX than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ORDI/USD [WBTC.b-USDC] | 4.8831 | L +0.0239% / S −0.3359% | pay 0.0030% / 1h | 14m 02s | $8K | — | 100x |
| Short | Binance ORDIUSDT | 4.8854 | 0.0100 | get 0.0050% / 4h | 14m 02s | $10.0M | $33.4M | 50x |
GMX ORDI/USD [WBTC.b-USDC]
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$29.27
- Price spread: +0.047% → 0.000%
- $4.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$46.57
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 13 min ago. 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 Binance live order book, 13 min ago | 1.02 bp | 11.1 bp −$11 | 27.9 bp −$279 | 325.7 bp −$32.6K | doesn't fit |
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 | −0.0372% | 1h | 4.8785 | −0.095% | $72K | $44K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8838 | +0.013% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.720% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0071% | 4h | 4.8870 | +0.079% | $600K | $305K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8866 | +0.070% | $14K | $428K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8854 | +0.047% | $10.0M | $33.4M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8830 | −0.003% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8830 | −0.003% | $5.2M | $17.3M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8860 | +0.059% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8850 | +0.038% | $6.8M | $3.4M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
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 | 4.8861 | +0.061% | $974K | $865K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8850 | +0.038% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8850 | +0.038% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8791 | −0.082% | $24K | $51K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8800 | −0.064% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8780 | −0.105% | $81K | $402K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8841 | +0.020% | $2K | $183K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]long | L +0.0239% / S −0.3359% | 1h | 4.8831 | long leg | $8K | — | 100x | |
| Hyperliquid ORDI | +0.0330% | 1h | 4.8945 | +0.233% | $704K | $660K | 3x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
Hyperliquid ORDI