ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.3259%/8h= +356.8% APRnext payment +$4.07 per $10,000 · paid last 24h +0.531%

Price spread now: GMX against Hyperliquid−0.086%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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

Funding pays, the price is against you. GMX is 0.086% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2 hours of funding at the current rate (+$98 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ORDI	4.9304	0.0100	pay 0.0013% / 1h	26m 57s	$710K	$662K	3x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.9262	L +0.0240% / S −0.3359%	get 0.0420% / 1h	26m 57s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.086%Rate

Funding earned: $684.29
Price spread: −0.086% → 0.000%: −$8.61
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $654.68
Costs to cover: 0.210%
Break-even: 0.3 days

Slippage unknown: Hyperliquid: live order book, 63 min ago; GMX: 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 Hyperliquid live order book, 63 min ago	0.71 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0571%	1h	4.9174	−0.263%	$72K	$43K	25x	as long as short
Gate ORDI_USDT	−0.0534%	4h	4.9220	−0.170%	$1.3M	$2.7M	50x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.9325	+0.043%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.614%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0057%	4h	4.9250	−0.110%	$606K	$309K	75x	as long as short
Hyperliquid ORDIlong	+0.0100%	1h	4.9304	long leg	$710K	$662K	3x
Aster ORDIUSDT	+0.0100%	4h	4.9269	−0.071%	$10K	$425K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9230	−0.150%	$10.0M	$33.9M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9200	−0.211%	$4.2M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9210	−0.191%	$5.3M	$17.8M	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	4.9230	−0.150%	$6.8M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.9273	−0.063%	$975K	$841K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9230	−0.150%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.9360	+0.114%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9641	+0.684%	$24K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9200	−0.211%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9250	−0.110%	$82K	$410K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9216	−0.179%	$3K	$180K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0240% / S −0.3359%	1h	4.9262	−0.086%	$8K	—	100x