ORDI

Alert

Funding spread now, next payment 19:00 UTC+0.3259%/8h

next payment, per $10,000+$4.07paid, last 24h+0.177%paid, last 3 days+0.281%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.281% in total (about 34.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ORDI	4.9211	0.0100	pay 0.0013% / 1h	26m 15s	$913K	$534K	3x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.9151	L +0.0239% / S −0.3359%	get 0.0420% / 1h	26m 15s	$8K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GMXbpOrdersRate

Funding earned: $684.29
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $663.29
Break-even: 0.2 days

Slippage unknown: Hyperliquid: live order book, 35 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.122%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hyperliquid live order book, 35 min ago	1.02 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX ORDI-USD	0.0000%	1h	$34K	$651	5x	as long as short
Gate ORDI_USDT	+0.0016%	4h	$1.3M	$2.7M	50x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0092%	4h	$631K	$296K	75x	as long as short
Hyperliquid ORDIlong	+0.0100%	1h	$913K	$534K	3x
Aster ORDIUSDT	+0.0100%	4h	$17K	$404K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	$9.9M	$29.5M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	$4.1M	$3.8M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	$5.4M	$16.1M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	$6.7M	$3.1M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	$889K	$812K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	$2.9M	$2.8M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	—	$26.8M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	$24K	$58K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	$85K	$349K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	$5K	$172K	5x	as long as short
Kraken Futures PF_ORDIUSD	+0.0195%	1h	$65K	$35K	25x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0239% / S −0.3359%	1h	$8K	—	100x