ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0139%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h −0.027%

Price spread now: Hyperliquid against GMX+0.148%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 Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.148% dearer against GMX than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ORDI/USD [WBTC.b-USDC]	4.8624	L +0.0239% / S −0.3359%	pay 0.0030% / 1h	20m 57s	$8K	—	100x
Short	Hyperliquid ORDI	4.8696	0.0100	get 0.0013% / 1h	20m 57s	$703K	$667K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$29.27
Price spread: +0.148% → 0.000%: $14.84
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$35.43
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 39 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 Hyperliquid live order book, 39 min ago	1.23 bp	16.6 bp −$17	doesn't fit	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	−0.0306%	1h	4.8562	−0.128%	$69K	$43K	25x	as long as short
Gate ORDI_USDT	−0.0042%	4h	4.8620	−0.008%	$1.2M	$2.7M	50x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8678	+0.112%	$33K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.322%	$776	$20K	5.5x	as long as short
Hyperliquid ORDIshort	+0.0100%	1h	4.8696	+0.148%	$703K	$667K	3x
Aster ORDIUSDT	+0.0100%	4h	4.8645	+0.043%	$10K	$386K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8640	+0.033%	$9.9M	$33.9M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8620	−0.008%	$4.1M	$4.5M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8640	+0.033%	$5.2M	$17.7M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8640	+0.033%	$6.6M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8649	+0.052%	$1.0M	$794K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8630	+0.013%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8630	+0.013%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8601	−0.047%	$26K	$33K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8580	−0.090%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8620	−0.008%	$84K	$363K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8637	+0.026%	$5K	$221K	5x	as long as short
BloFin ORDI-USDT	+0.0126%	4h	4.8660	+0.074%	$595K	$307K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]long	L +0.0239% / S −0.3359%	1h	4.8624	long leg	$8K	—	100x