Funding arb · Price arb /

ORDI

all ORDI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.3259%/8h= +356.8% APRpaid last 24h +0.576%

Price spread now: GMX against MEXC+0.045%7-day average — · you sell dearer than you buy

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

Long on MEXC 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

Both sides work for this trade now. Funding pays +$98 a day on $10k at the current rate, and GMX is 0.045% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ORDI_USDT	4.8360	0.0100	pay 0.0050% / 4h	2h 24m	$6.4M	$3.3M	200x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.8382	L +0.0239% / S −0.3359%	get 0.0420% / 1h	24m 43s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $684.29
Price spread: +0.045% → 0.000%: $4.5
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $676.79
Costs to cover: 0.120%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	1.04 bp	3.4 bp −$3	39.8 bp −$398	66.1 bp −$6,608	114.4 bp −$57.2K
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	−0.0723%	1h	4.8292	−0.141%	$69K	$47K	25x	as long as short
Gate ORDI_USDT	−0.0122%	4h	4.8310	−0.103%	$1.2M	$2.8M	50x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8321	−0.080%	$33K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−5.811%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0072%	4h	4.8320	−0.083%	$591K	$305K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8418	+0.120%	$698K	$666K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8349	−0.022%	$7K	$429K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8349	−0.022%	$9.9M	$34.4M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8320	−0.083%	$4.1M	$4.8M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8370	+0.021%	$5.2M	$18.0M	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_USDTlong	+0.0100%	4h	4.8360	long leg	$6.4M	$3.3M	200x
KuCoin ORDIUSDTM	+0.0100%	4h	4.8336	−0.050%	$965K	$831K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8370	+0.021%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8370	+0.021%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8187	−0.358%	$24K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8280	−0.165%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8280	−0.165%	$84K	$441K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8307	−0.109%	$2K	$180K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0239% / S −0.3359%	1h	4.8382	+0.045%	$8K	—	100x