ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0206%/8h= −22.6% APRnext payment −$0.26 per $10,000 · paid last 24h −0.051%

Price spread now: Injective against GMX−6.748%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 6.748% cheaper against GMX than usual: you would sell low and buy high (−$675 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ORDI/USD [WBTC.b-USDC]	4.8846	L +0.0239% / S −0.3359%	pay 0.0030% / 1h	27m 13s	$8K	—	100x
Short	Injective ORDI/USDC PERP	4.5550	0.0033	get 0.0004% / 1h	27m 13s	$776	$20K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GMX. 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 GMXbpFee InjectivebpOrdersPrice spread, now −6.748%Rate

Funding earned: −$43.26
Price spread: −6.748% → 0.000%: −$674.83
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$730.1
Costs to cover: 0.120%
Break-even: never at this rate

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

GMX and Injective: 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	−0.0351%	1h	4.8810	−0.074%	$72K	$46K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8955	+0.222%	$34K	$651	5x	as long as short
Injective ORDI/USDC PERPshort	+0.0033%	1h	4.5550	−6.748%	$776	$20K	5.5x
Aster ORDIUSDT	+0.0100%	4h	4.8884	+0.077%	$12K	$427K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8888	+0.085%	$10.0M	$33.4M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8870	+0.049%	$4.2M	$4.5M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8880	+0.069%	$5.3M	$17.4M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8890	+0.090%	$1.3M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8890	+0.090%	$7.0M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.8908	+0.126%	$959K	$869K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ORDIUSDT	+0.0100%	4h	4.8880	+0.069%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8920	+0.151%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9130	+0.581%	$24K	$55K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8920	+0.151%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8830	−0.033%	$81K	$393K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8877	+0.062%	$3K	$189K	5x	as long as short
BloFin ORDI-USDT	+0.0123%	4h	4.8880	+0.069%	$605K	$305K	75x	as long as short
Hyperliquid ORDI	+0.0232%	1h	4.8955	+0.223%	$706K	$661K	3x	as long as short
GMX ORDI/USD [WBTC.b-USDC]long	L +0.0239% / S −0.3359%	1h	4.8846	long leg	$8K	—	100x