ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Injective against dYdX−5.625%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 6 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. Injective is 5.625% cheaper against dYdX than usual: you would sell low and buy high (spread −5.625% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$562 on $10k: about 19 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ORDI-USD	4.8265	0	get 0.0000% / 1h	20m 33s	$33K	$577	5x
Short	Injective ORDI/USDC PERP	4.5550	0.0033	get 0.0004% / 1h	20m 33s	$776	$20K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpFee InjectivebpOrdersPrice spread, now −5.625%Rate

Funding earned: $7
Price spread: −5.625% → 0.000%: −$562.49
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$565.51
Costs to cover: 0.100%
Break-even: 572.5 days

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

dYdX and 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 exchanges

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	−0.0424%	1h	4.8234	−0.064%	$69K	$43K	25x	as long as short
dYdX ORDI-USDlong	0.0000%	1h	4.8265	long leg	$33K	$577	5x
Injective ORDI/USDC PERPshort	+0.0033%	1h	4.5550	−5.625%	$776	$20K	5.5x
Hyperliquid ORDI	+0.0100%	1h	4.8354	+0.185%	$697K	$639K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8310	+0.093%	$10K	$279K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8315	+0.103%	$9.8M	$32.8M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8290	+0.052%	$4.1M	$4.3M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8280	+0.031%	$5.1M	$17.6M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8280	+0.031%	$1.2M	$2.6M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8300	+0.073%	$6.8M	$3.2M	200x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8291	+0.054%	$1.0M	$758K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8300	+0.073%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8300	+0.073%	—	$28.7M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8275	+0.021%	$25K	$33K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8270	+0.011%	$1K	$1.1M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8300	+0.073%	$84K	$348K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8295	+0.063%	$7K	$224K	5x	as long as short
BloFin ORDI-USDT	+0.0152%	4h	4.8370	+0.218%	$587K	$293K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8294	+0.060%	$8K	—	100x	as long as short