ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.3359%/8h= +367.8% APRnext payment +$4.20 per $10,000 · paid last 24h +0.606%

Price spread now: GMX against dYdX−0.080%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on GMX

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

Funding pays, the price is against you. GMX is 0.080% cheaper against dYdX than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2 hours of funding at the current rate (+$101 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ORDI-USD	4.8692	0	get 0.0000% / 1h	46m 17s	$33K	$577	5x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.8653	L +0.0239% / S −0.3359%	get 0.0420% / 1h	46m 17s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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 dYdXbpFee GMXbpOrdersPrice spread, now −0.080%Rate

Funding earned: $705.29
Price spread: −0.080% → 0.000%: −$7.96
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $675.32
Costs to cover: 0.220%
Break-even: 0.3 days

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

dYdX 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	−0.0718%	1h	4.8608	−0.172%	$69K	$47K	25x	as long as short
Gate ORDI_USDT	−0.0322%	4h	4.8680	−0.024%	$1.3M	$2.7M	50x	as long as short
dYdX ORDI-USDlong	0.0000%	1h	4.8692	long leg	$33K	$577	5x
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.452%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8726	+0.070%	$703K	$665K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8707	+0.031%	$7K	$427K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8689	−0.006%	$9.9M	$33.9M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8610	−0.168%	$4.1M	$4.7M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8630	−0.127%	$5.2M	$17.7M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8690	−0.004%	$6.5M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8688	−0.008%	$971K	$821K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8670	−0.045%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8660	−0.065%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8806	+0.236%	$24K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8600	−0.188%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8670	−0.045%	$85K	$426K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8672	−0.040%	$2K	$180K	5x	as long as short
BloFin ORDI-USDT	+0.0147%	4h	4.8670	−0.045%	$595K	$298K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0239% / S −0.3359%	1h	4.8653	−0.080%	$8K	—	100x