Funding you earn now, next payment 23:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h −0.029%
Price spread now: Binance against GMX+0.037%50s7-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
The price spread pays, funding is against you. Binance is 0.037% dearer against GMX than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 22 hours. The two prices were read 50 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 | GMX ORDI/USD [WBTC.b-USDC] | 4.8560 | L +0.0239% / S −0.3359% | pay 0.0030% / 1h | 47m 27s | $8K | — | 100x |
| Short | Binance ORDIUSDT | 4.8579 | 0.0100 | get 0.0050% / 4h | 1h 47m | $9.9M | $30.8M | 50x |
GMX ORDI/USD [WBTC.b-USDC]
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GMX. 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
- −$29.09
- Price spread: +0.037% → 0.000%
- $3.73
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$47.36
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 9 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 9 min ago | 1.03 bp | 13.2 bp −$13 | 32.8 bp −$328 | 317.5 bp −$31.8K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8541 | −0.040% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.199% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8609 | +0.100% | $706K | $645K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8542 | −0.037% | $5K | $415K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8579 | +0.037% | $9.9M | $30.8M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8490 | −0.145% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8560 | −0.001% | $5.3M | $16.2M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8530 | −0.063% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8550 | −0.022% | $7.0M | $3.2M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8521 | −0.081% | $928K | $823K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8520 | −0.083% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8560 | −0.001% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8536 | −0.051% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8500 | −0.125% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8480 | −0.166% | $88K | $363K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8552 | −0.018% | $5K | $172K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0130% | 4h | 4.8540 | −0.042% | $601K | $299K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]long | L +0.0239% / S −0.3359% | 1h | 4.8560 | long leg | $8K | — | 100x | |
| Kraken Futures PF_ORDIUSD | +0.2958% | 1h | 4.8697 | +0.282% | $66K | $42K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
Kraken Futures PF_ORDIUSD