Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Bitget−7.098%81s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 7.098% cheaper against Bitget than usual: you would sell low and buy high (−$710 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.9030 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $2.9M | $3.5M | 50x |
| Short | Injective ORDI/USDC PERP | 4.5550 | 0.0033 | get 0.0004% / 1h | 41m 55s | $776 | $20K | 5.5x |
Bitget ORDIUSDT
Injective ORDI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: −7.098% → 0.000%
- −$709.77
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$735.79
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 1 min ago; Injective: 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 Bitget live order book, 1 min ago | 3.05 bp | 16.6 bp −$17 | 31.5 bp −$315 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0349% | 1h | 4.9057 | +0.056% | $72K | $46K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9071 | +0.083% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERPshort | +0.0033% | 1h | 4.5550 | −7.098% | $776 | $20K | 5.5x | |
| BloFin ORDI-USDT | +0.0079% | 4h | 4.9210 | +0.367% | $614K | $306K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9075 | +0.091% | $12K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9017 | −0.026% | $10.1M | $33.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8960 | −0.143% | $4.2M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8950 | −0.163% | $5.3M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9010 | −0.041% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9030 | 0.000% | $7.0M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9071 | +0.084% | $956K | $875K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.9030 | long leg | $2.9M | $3.5M | 50x | |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9000 | −0.061% | — | $27.1M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8796 | −0.476% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9090 | +0.122% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9110 | +0.163% | $82K | $390K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9055 | +0.051% | $3K | $195K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9122 | +0.189% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0292% | 1h | 4.9166 | +0.277% | $710K | $661K | 3x | as long as short |
KuCoin ORDIUSDTM
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI