Funding you earn now, next payment 02:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h −0.030%
Price spread now: Bitget against GMX−0.307%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.307% cheaper against GMX than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ORDI/USD [WBTC.b-USDC] | 4.8800 | L +0.0239% / S −0.3359% | pay 0.0030% / 1h | 40m 39s | $8K | — | 100x |
| Short | Bitget ORDIUSDT | 4.8650 | 0.0100 | get 0.0050% / 4h | 2h 40m | $2.9M | $3.4M | 50x |
GMX ORDI/USD [WBTC.b-USDC]
Bitget ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$29.24
- Price spread: −0.307% → 0.000%
- −$30.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$83.94
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 3.07 bp | 17.3 bp −$17 | 41.3 bp −$413 | doesn't fit | 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 | 4.8713 | −0.179% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.659% | $776 | $20K | 5.5x | as long as short |
| Gate ORDI_USDT | +0.0074% | 4h | 4.8720 | −0.164% | $1.3M | $2.7M | 50x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8818 | +0.037% | $705K | $662K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8806 | +0.012% | $8K | $421K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8654 | −0.299% | $10.0M | $33.1M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8550 | −0.512% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8550 | −0.512% | $5.3M | $17.3M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8650 | −0.307% | $7.0M | $3.5M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8750 | −0.102% | $909K | $885K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Gate ORDI_USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDTshort | +0.0100% | 4h | 4.8650 | −0.307% | $2.9M | $3.4M | 50x | |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8730 | −0.143% | — | $27.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8767 | −0.066% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8830 | +0.062% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8830 | +0.062% | $88K | $355K | 75x | as long as short |
| BloFin ORDI-USDT | +0.0100% | 4h | 4.9110 | +0.636% | $610K | $314K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8699 | −0.207% | $5K | $193K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]long | L +0.0239% / S −0.3359% | 1h | 4.8800 | long leg | $8K | — | 100x | |
| Kraken Futures PF_ORDIUSD | +0.3069% | 1h | 4.8729 | −0.146% | $71K | $49K | 25x | as long as short |
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
Extended ORDI-USD
Kraken Futures PF_ORDIUSD