Settings8H · net · $10k
Funding arb · Price arb /

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.3255%/8h= +356.4% APRnext payment +$4.07 per $10,000 · paid last 24h +0.250%
Price spread now: GMX against Extended−0.011%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$98 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ORDI-USD4.90830.0104pay 0.0013% / 1h31m 01s$5K$172K5x
ShortGMX ORDI/USD [WBTC.b-USDC]4.9077L +0.0239% / S −0.3359%get 0.0420% / 1h31m 01s$8K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Extended. 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

Funding earned
$683.45
Price spread: −0.011% → 0.000%
−$1.07
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
$665.38
Costs to cover
0.170%
Break-even
0.2 days
Slippage unknown: Extended: live order book, 15 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 15 min ago2.77 bp16.6 bp −$17140.1 bp −$1,401doesn't fitdoesn'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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ORDI-USD0.0000%1h4.9054−0.058%$34K$6515xas long as short
Gate ORDI_USDT+0.0028%4h4.9030−0.107%$1.3M$2.7M50xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.197%$776$20K5.5xas long as short
Aster ORDIUSDT+0.0100%4h4.9079−0.008%$5K$416K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9100+0.035%$10.1M$30.2M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9020−0.127%$4.1M$4.0M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9030−0.107%$5.4M$16.1M20xas long as short
MEXC ORDI_USDT+0.0100%4h4.9080−0.005%$7.1M$3.2M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9040−0.087%$914K$821K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9080−0.005%$2.9M$2.9M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ORDI-USDT+0.0100%4h4.9040−0.087%$24.5Mas long as short
Variational Omni ORDI+0.0100%4h4.8906−0.360%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.9000−0.168%$2K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.9040−0.087%$85K$352K75xas long as short
Extended ORDI-USDlong+0.0104%1h4.9083long leg$5K$172K5x
BloFin ORDI-USDT+0.0148%4h4.9050−0.066%$616K$287K75xas long as short
Hyperliquid ORDI+0.0235%1h4.9145+0.127%$911K$534K3xas long as short
GMX ORDI/USD [WBTC.b-USDC]shortL +0.0239% / S −0.3359%1h4.9077−0.011%$8K100x
Kraken Futures PF_ORDIUSD+0.0568%1h4.9200+0.239%$66K$42K25xas long as short