Funding you earn now, next payment 07:00 UTC+0.3325%/8h= +364.1% APRnext payment +$4.16 per $10,000 · paid last 24h +0.632%
Price spread now: GMX against Injective+7.513%57s7-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
Both sides work for this trade now. Funding pays +$100 a day on $10k at the current rate, and GMX is 7.513% dearer against Injective than usual: you sell high and buy low: +$751 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ORDI/USDC PERP | 4.5550 | 0.0033 | pay 0.0004% / 1h | 53m 44s | $776 | $20K | 5.5x |
| Short | GMX ORDI/USD [WBTC.b-USDC] | 4.8972 | L +0.0240% / S −0.3359% | get 0.0420% / 1h | 53m 44s | $8K | — | 100x |
Injective ORDI/USDC PERP
GMX ORDI/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. 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
- $698.29
- Price spread: +7.513% → 0.000%
- $751.33
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $1,437.6
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; GMX: 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 Injective no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Injective and 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 | −0.0541% | 1h | 4.8987 | +7.545% | $70K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0080% | 4h | 4.9030 | +7.640% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9037 | +7.656% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERPlong | +0.0033% | 1h | 4.5550 | long leg | $776 | $20K | 5.5x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9115 | +7.827% | $708K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9064 | +7.714% | $3K | $432K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9064 | +7.714% | $10.0M | $34.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9010 | +7.596% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9040 | +7.662% | $5.2M | $18.3M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9060 | +7.706% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.9047 | +7.677% | $996K | $830K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9060 | +7.706% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9090 | +7.772% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9066 | +7.720% | $29K | $39K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8940 | +7.442% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9020 | +7.618% | $85K | $438K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9050 | +7.685% | $7K | $184K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0130% | 4h | 4.9070 | +7.728% | $600K | $314K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]short | L +0.0240% / S −0.3359% | 1h | 4.8972 | +7.513% | $8K | — | 100x |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT