Funding you earn now, next payment 02:00 UTC+0.3027%/8h= +331.5% APRnext payment +$3.78 per $10,000 · paid last 24h +0.213%
Price spread now: Kraken Futures against Injective+7.286%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.952%−$95 on $10k
+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 +$91 a day on $10k at the current rate, and Kraken Futures is 7.286% dearer against Injective than usual: you sell high and buy low: +$729 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.952%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.952% in total (about -49.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 | 0m 59s | $776 | $20K | 5.5x |
| Short | Kraken Futures PF_ORDIUSD | 4.8869 | 0.3060 | get 0.0383% / 1h | 0m 59s | $72K | $46K | 25x |
Injective ORDI/USDC PERP
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $635.68
- Price spread: +7.286% → 0.000%
- $728.56
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,354.22
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Injective 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 18 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8839 | +7.221% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERPlong | +0.0033% | 1h | 4.5550 | long leg | $776 | $20K | 5.5x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8904 | +7.363% | $13K | $426K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8933 | +7.426% | $10.0M | $33.1M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8890 | +7.333% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8910 | +7.377% | $5.3M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8890 | +7.333% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8940 | +7.442% | $7.0M | $3.5M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8900 | +7.355% | $934K | $867K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8940 | +7.442% | $2.9M | $3.5M | 50x | as long as short |
dYdX ORDI-USD
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ORDI-USDC | +0.0100% | 4h | 4.8940 | +7.442% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8861 | +7.270% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8850 | +7.245% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8760 | +7.047% | $78K | $382K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8917 | +7.392% | $3K | $194K | 5x | as long as short |
| Hyperliquid ORDI | +0.0176% | 1h | 4.8975 | +7.519% | $706K | $660K | 3x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8871 | +7.291% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDshort | +0.3060% | 1h | 4.8869 | +7.286% | $72K | $46K | 25x |
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
Hyperliquid ORDI
GMX ORDI/USD [WBTC.b-USDC]