Funding you earn now, next payment 05:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.016%
Price spread now: BloFin against GMX−0.158%51s7-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 −$6 a day on $10k at the current rate, and BloFin is 0.158% cheaper against GMX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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] | 4.9338 | L +0.0240% / S −0.3359% | pay 0.0030% / 1h | 17m 34s | $8K | — | 100x |
| Short | BloFin ORDI-USDT | 4.9260 | 0.0050 | get 0.0025% / 4h | 3h 17m | $606K | $309K | 75x |
GMX ORDI/USD [WBTC.b-USDC]
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$39.76
- Price spread: −0.158% → 0.000%
- −$15.76
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$79.51
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 14 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 BloFin live order book, 14 min ago | 3.02 bp | 12.9 bp −$13 | 29.5 bp −$295 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0569% | 1h | 4.9285 | −0.107% | $72K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0394% | 4h | 4.9340 | +0.005% | $1.3M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9346 | +0.017% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.677% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTshort | +0.0050% | 4h | 4.9260 | −0.158% | $606K | $309K | 75x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9457 | +0.242% | $713K | $663K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9396 | +0.118% | $5K | $426K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9390 | +0.106% | $10.1M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9350 | +0.025% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9310 | −0.056% | $5.3M | $17.8M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9380 | +0.086% | $6.7M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9351 | +0.027% | $975K | $844K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9400 | +0.126% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9370 | +0.065% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9271 | −0.135% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9270 | −0.137% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9280 | −0.117% | $82K | $412K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9383 | +0.091% | $4K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]long | L +0.0240% / S −0.3359% | 1h | 4.9338 | long leg | $8K | — | 100x |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD