ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0327%/8h= +35.8% APRnext payment +$0.41 per $10,000 · paid last 24h +0.277%

Price spread now: GMX against Kraken Futures−0.227%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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—needs both histories

Funding pays, the price is against you. GMX is 0.227% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.227% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 2.3 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ORDIUSD	4.8876	0.3032	pay 0.0379% / 1h	36m 35s	$66K	$43K	25x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.8765	L +0.0239% / S −0.3359%	get 0.0420% / 1h	36m 35s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.227%Rate

Funding earned: $68.65
Price spread: −0.227% → 0.000%: −$22.71
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $23.94
Costs to cover: 0.220%
Break-even: 4.6 days

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

Kraken Futures and 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	4.8764	−0.228%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.804%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8822	−0.109%	$709K	$651K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8789	−0.177%	$4K	$418K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8780	−0.195%	$10.0M	$31.2M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8720	−0.318%	$4.1M	$4.2M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8750	−0.257%	$5.3M	$16.5M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8750	−0.257%	$1.3M	$2.8M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8760	−0.236%	$7.0M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.8762	−0.232%	$935K	$818K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ORDIUSDT	+0.0100%	4h	4.8760	−0.236%	$2.9M	$3.0M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8760	−0.236%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8859	−0.034%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8730	−0.298%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8760	−0.236%	$89K	$355K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8770	−0.215%	$5K	$172K	5x	as long as short
BloFin ORDI-USDT	+0.0131%	4h	4.8770	−0.216%	$609K	$308K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0239% / S −0.3359%	1h	4.8765	−0.227%	$8K	—	100x
Kraken Futures PF_ORDIUSDlong	+0.3032%	1h	4.8876	long leg	$66K	$43K	25x