Funding you earn now, next payment 00:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h −0.030%
Price spread now: BingX against GMX+0.155%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. BingX is 0.155% dearer against GMX than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ORDI/USD [WBTC.b-USDC] | 4.8844 | L +0.0239% / S −0.3359% | pay 0.0030% / 1h | 40m 12s | $8K | — | 100x |
| Short | BingX ORDI-USDC | 4.8920 | 0.0100 | get 0.0050% / 4h | 40m 12s | — | $2.3M | — |
GMX ORDI/USD [WBTC.b-USDC]
BingX ORDI-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$29.14
- Price spread: +0.155% → 0.000%
- $15.5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$35.65
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BingX: live order book, 8 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 BingX live order book, 8 min ago | 1.02 bp | 16.0 bp −$16 | 123.9 bp −$1,239 | 479.2 bp −$47.9K | 570.4 bp −$285.2K |
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 | 4.8849 | +0.009% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.745% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8938 | +0.192% | $711K | $651K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8850 | +0.012% | $4K | $418K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8890 | +0.094% | $10.1M | $31.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8830 | −0.029% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8850 | +0.012% | $5.3M | $16.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8860 | +0.032% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8870 | +0.053% | $7.1M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8884 | +0.081% | $938K | $818K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8870 | +0.053% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDCshort | +0.0100% | 4h | 4.8920 | +0.155% | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8859 | +0.030% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8770 | −0.152% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8890 | +0.094% | $89K | $355K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8861 | +0.034% | $5K | $172K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0150% | 4h | 4.8910 | +0.134% | $610K | $309K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]long | L +0.0239% / S −0.3359% | 1h | 4.8844 | long leg | $8K | — | 100x | |
| Kraken Futures PF_ORDIUSD | +0.3022% | 1h | 4.9029 | +0.378% | $66K | $43K | 25x | as long as short |
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
Kraken Futures PF_ORDIUSD