Funding arb · Price arb /

ORDI

all ORDI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.3259%/8h= +356.8% APRpaid last 24h +0.768%

Price spread now: GMX against MEXC−0.058%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. GMX is 0.058% cheaper against MEXC than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 1 hour of funding at the current rate (+$98 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ORDI_USDT	4.7770	0.0100	pay 0.0050% / 4h	1h 26m	$6.5M	$2.9M	200x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.7742	L +0.0238% / S −0.3359%	get 0.0420% / 1h	26m 47s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $684.29
Price spread: −0.058% → 0.000%: −$5.76
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $666.53
Costs to cover: 0.120%
Break-even: 0.2 days

Slippage unknown: MEXC: live order book, 4 min ago; 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 MEXC live order book, 4 min ago	1.05 bp	4.5 bp −$5	9.6 bp −$96	46.4 bp −$4,635	100.0 bp −$50.0K
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 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_ORDIUSD	−0.1172%	1h	4.7695	−0.158%	$68K	$43K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.7719	−0.108%	$33K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−4.647%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0063%	4h	4.7780	+0.021%	$574K	$283K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.7748	−0.046%	$690K	$649K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.7760	−0.021%	$8K	$258K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.7754	−0.034%	$9.6M	$32.7M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.7710	−0.126%	$4.0M	$4.3M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.7680	−0.188%	$4.9M	$17.5M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.7720	−0.105%	$1.2M	$2.6M	50x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ORDI_USDTlong	+0.0100%	4h	4.7770	long leg	$6.5M	$2.9M	200x
KuCoin ORDIUSDTM	+0.0100%	4h	4.7739	−0.065%	$957K	$773K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.7720	−0.105%	$2.7M	$3.4M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.7740	−0.063%	—	$36.5M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.7714	−0.118%	$25K	$33K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.7710	−0.126%	$2K	$1.1M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.7730	−0.084%	$82K	$353K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.7771	+0.002%	$2K	$224K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0238% / S −0.3359%	1h	4.7742	−0.058%	$8K	—	100x