Funding you earn now, next payment 23:00 UTC−0.2949%/8h= −322.9% APRnext payment −$3.69 per $10,000 · paid last 24h −0.058%
Price spread now: dYdX against Kraken Futures−0.281%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$88 a day on $10k at the current rate, and dYdX is 0.281% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 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 | Kraken Futures PF_ORDIUSD | 4.8846 | 0.2949 | pay 0.0369% / 1h | 8m 15s | $66K | $42K | 25x |
| Short | dYdX ORDI-USD | 4.8709 | 0 | get 0.0000% / 1h | 8m 15s | $33K | $651 | 5x |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Kraken Futures. 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
- −$619.32
- Price spread: −0.281% → 0.000%
- −$28.14
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$667.46
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell dYdX no order-book sample | — | — | — | — | — |
Kraken Futures 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 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-USDshort | 0.0000% | 1h | 4.8709 | −0.281% | $33K | $651 | 5x | |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.748% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0050% | 4h | 4.8790 | −0.115% | $604K | $309K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8804 | −0.086% | $709K | $648K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8825 | −0.044% | $4K | $416K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8776 | −0.143% | $10.0M | $31.0M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8730 | −0.238% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8690 | −0.320% | $5.3M | $16.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8740 | −0.217% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8780 | −0.135% | $7.0M | $3.3M | 200x | as long as short |
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
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 | 4.8791 | −0.113% | $930K | $827K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8790 | −0.115% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8780 | −0.135% | — | $24.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8678 | −0.343% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.176% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.176% | $89K | $362K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8755 | −0.186% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8750 | −0.198% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDlong | +0.2949% | 1h | 4.8846 | long leg | $66K | $42K | 25x |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]