Funding you earn now, next payment 11:00 UTC−0.1402%/8h= −153.5% APRnext payment −$1.75 per $10,000 · paid last 24h +0.144%
Price spread now: Kraken Futures against GMX−0.121%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$42 a day on $10k at the current rate, and Kraken Futures is 0.121% cheaper against GMX than usual: you would sell low and buy high (−$12 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] | 4.8117 | L +0.0238% / S −0.3359% | pay 0.0030% / 1h | 44m 28s | $8K | — | 100x |
| Short | Kraken Futures PF_ORDIUSD | 4.8059 | −0.1163 | pay 0.0145% / 1h | 44m 28s | $68K | $42K | 25x |
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$294.38
- Price spread: −0.121% → 0.000%
- −$12.13
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$328.51
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample | — | — | — | — | — |
GMX and Kraken Futures: 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 exchanges
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_ORDIUSDshort | −0.1163% | 1h | 4.8059 | −0.121% | $68K | $42K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8053 | −0.134% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.335% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0096% | 4h | 4.8150 | +0.068% | $581K | $284K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8161 | +0.091% | $695K | $641K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8130 | +0.026% | $10K | $259K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8120 | +0.006% | $9.7M | $32.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8070 | −0.098% | $4.0M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8080 | −0.077% | $5.0M | $17.2M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8090 | −0.057% | $1.2M | $2.6M | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8130 | +0.026% | $6.7M | $2.9M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8124 | +0.014% | $1.0M | $744K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8110 | −0.015% | $2.8M | $3.4M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8110 | −0.015% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8113 | −0.009% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8060 | −0.119% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8090 | −0.057% | $83K | $338K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8115 | −0.005% | $4K | $224K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]long | L +0.0238% / S −0.3359% | 1h | 4.8117 | long leg | $8K | — | 100x |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD