Funding you earn now, next payment 09:00 UTC−0.0453%/8h= −49.6% APRnext payment −$0.57 per $10,000 · paid last 24h +0.220%
Price spread now: Kraken Futures against dYdX−0.075%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Kraken Futures is 0.075% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ORDI-USD | 4.8372 | 0 | get 0.0000% / 1h | 29m 00s | $33K | $577 | 5x |
| Short | Kraken Futures PF_ORDIUSD | 4.8336 | −0.0453 | pay 0.0057% / 1h | 29m 00s | $69K | $43K | 25x |
dYdX ORDI-USD
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against dYdX. 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
- −$95.15
- Price spread: −0.075% → 0.000%
- −$7.47
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$122.62
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: dYdX: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample | — | — | — | — | — |
dYdX and Kraken Futures: 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_ORDIUSDshort | −0.0453% | 1h | 4.8336 | −0.075% | $69K | $43K | 25x | |
| dYdX ORDI-USDlong | 0.0000% | 1h | 4.8372 | long leg | $33K | $577 | 5x | |
| Gate ORDI_USDT | +0.0028% | 4h | 4.8310 | −0.128% | $1.2M | $2.6M | 50x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.834% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8377 | +0.011% | $697K | $669K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8330 | −0.086% | $10K | $345K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8330 | −0.086% | $9.8M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8290 | −0.169% | $4.1M | $4.4M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8300 | −0.148% | $5.1M | $17.6M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8340 | −0.066% | $6.6M | $3.2M | 200x | as long as short |
Gate ORDI_USDT
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.8320 | −0.107% | $999K | $792K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8310 | −0.128% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8350 | −0.045% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8362 | −0.020% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8320 | −0.107% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8350 | −0.045% | $86K | $344K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8322 | −0.102% | $5K | $223K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0152% | 4h | 4.8440 | +0.141% | $590K | $305K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8378 | +0.013% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]