ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0240%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.062%

Price spread now: dYdX against GMX−0.103%7-day average — · you buy dearer than you sell

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

Long on GMX Short on dYdX

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.103% cheaper against GMX than usual: you would sell low and buy high (−$10 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]	4.9177	L +0.0240% / S −0.3359%	pay 0.0030% / 1h	10m 54s	$8K	—	100x
Short	dYdX ORDI-USD	4.9126	0	get 0.0000% / 1h	10m 54s	$34K	$577	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against GMX. 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 GMXbpFee dYdXbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$50.33
Price spread: −0.103% → 0.000%: −$10.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$82.67
Costs to cover: 0.220%
Break-even: never at this rate

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

GMX and dYdX: 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	−0.0710%	1h	4.9166	−0.022%	$70K	$47K	25x	as long as short
dYdX ORDI-USDshort	0.0000%	1h	4.9126	−0.103%	$34K	$577	5x
Gate ORDI_USDT	+0.0010%	4h	4.9180	+0.006%	$1.3M	$2.8M	50x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.375%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0080%	4h	4.9200	+0.047%	$592K	$315K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9255	+0.159%	$710K	$667K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9189	+0.025%	$4K	$432K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9227	+0.102%	$10.1M	$34.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9170	−0.014%	$4.1M	$4.8M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9200	+0.047%	$5.3M	$18.3M	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ORDI_USDT	+0.0100%	4h	4.9220	+0.087%	$6.6M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.9173	−0.008%	$992K	$829K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9210	+0.067%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.9200	+0.047%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8947	−0.468%	$28K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9150	−0.055%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9150	−0.055%	$85K	$442K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9214	+0.076%	$2K	$179K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]long	L +0.0240% / S −0.3359%	1h	4.9177	long leg	$8K	—	100x