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: dYdX against Injective+5.960%7-day average — · you sell dearer than you buy

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

Long on Injective Short on dYdX

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

The price spread pays, funding is against you. dYdX is 5.960% dearer against Injective than usual: you sell high and buy low (spread +5.960% now, against zero (this spread has no 7-day history yet)): +$596 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ORDI/USDC PERP	4.5550	0.0033	pay 0.0004% / 1h	19m 48s	$776	$20K	5.5x
Short	dYdX ORDI-USD	4.8265	0	get 0.0000% / 1h	19m 48s	$33K	$577	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Injective. 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 InjectivebpFee dYdXbpOrdersPrice spread, now +5.960%Rate

Funding earned: −$7
Price spread: +5.960% → 0.000%: $596.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: $579
Costs to cover: 0.100%
Break-even: from the start

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

Injective and dYdX: 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	4.8211	+5.842%	$69K	$43K	25x	as long as short
dYdX ORDI-USDshort	0.0000%	1h	4.8265	+5.960%	$33K	$577	5x
Injective ORDI/USDC PERPlong	+0.0033%	1h	4.5550	long leg	$776	$20K	5.5x
Hyperliquid ORDI	+0.0100%	1h	4.8341	+6.127%	$697K	$639K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8321	+6.084%	$10K	$279K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8310	+6.059%	$9.8M	$32.8M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8260	+5.950%	$4.1M	$4.3M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8270	+5.971%	$5.1M	$17.6M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8290	+6.015%	$1.2M	$2.6M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8290	+6.015%	$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	4.8310	+6.059%	$1.0M	$758K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8300	+6.037%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8280	+5.993%	—	$28.7M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8275	+5.983%	$25K	$33K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8260	+5.950%	$1K	$1.1M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8240	+5.906%	$84K	$348K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8277	+5.988%	$7K	$224K	5x	as long as short
BloFin ORDI-USDT	+0.0152%	4h	4.8370	+6.191%	$587K	$293K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8278	+5.990%	$8K	—	100x	as long as short