ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0135%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.027%

Price spread now: Extended against GMX+0.011%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Extended

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—+ 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: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ORDI/USD [WBTC.b-USDC]	4.9077	L +0.0239% / S −0.3359%	pay 0.0030% / 1h	30m 58s	$8K	—	100x
Short	Extended ORDI-USD	4.9083	0.0104	get 0.0013% / 1h	30m 58s	$5K	$172K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$28.27
Price spread: +0.011% → 0.000%: $1.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$44.2
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: live order book, 15 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 Extended live order book, 15 min ago	2.77 bp	16.1 bp −$16	136.3 bp −$1,363	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	4.9054	−0.047%	$34K	$651	5x	as long as short
Gate ORDI_USDT	+0.0028%	4h	4.9030	−0.096%	$1.3M	$2.7M	50x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.187%	$776	$20K	5.5x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9079	+0.003%	$5K	$416K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9100	+0.045%	$10.1M	$30.2M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9020	−0.117%	$4.1M	$4.0M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9030	−0.096%	$5.4M	$16.1M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.9080	+0.006%	$7.1M	$3.2M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.9040	−0.076%	$914K	$821K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9080	+0.006%	$2.9M	$2.9M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ORDI-USDT	+0.0100%	4h	4.9040	−0.076%	—	$24.5M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8906	−0.349%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9000	−0.157%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9040	−0.076%	$85K	$352K	75x	as long as short
Extended ORDI-USDshort	+0.0104%	1h	4.9083	+0.011%	$5K	$172K	5x
BloFin ORDI-USDT	+0.0148%	4h	4.9050	−0.056%	$616K	$287K	75x	as long as short
Hyperliquid ORDI	+0.0235%	1h	4.9145	+0.138%	$911K	$534K	3x	as long as short
GMX ORDI/USD [WBTC.b-USDC]long	L +0.0239% / S −0.3359%	1h	4.9077	long leg	$8K	—	100x
Kraken Futures PF_ORDIUSD	+0.0568%	1h	4.9200	+0.249%	$66K	$42K	25x	as long as short