ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0384%/8h= +42.1% APRnext payment +$0.48 per $10,000 · paid last 24h −0.249%

Price spread now: Injective against Kraken Futures−6.635%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.889%+$89 on $10k

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 6.635% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −6.635% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$664 on $10k: about 58 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ORDIUSD	4.8787	−0.0351	get 0.0044% / 1h	12m 46s	$72K	$45K	25x
Short	Injective ORDI/USDC PERP	4.5550	0.0033	get 0.0004% / 1h	12m 46s	$776	$20K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −6.635%Rate

Funding earned: $80.67
Price spread: −6.635% → 0.000%: −$663.55
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$592.9
Costs to cover: 0.100%
Break-even: 58.4 days

Slippage unknown: Kraken Futures: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Kraken Futures 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 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_ORDIUSDlong	−0.0351%	1h	4.8787	long leg	$72K	$45K	25x
dYdX ORDI-USD	0.0000%	1h	4.8835	+0.098%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERPshort	+0.0033%	1h	4.5550	−6.635%	$776	$20K	5.5x
BloFin ORDI-USDT	+0.0091%	4h	4.8850	+0.129%	$606K	$304K	75x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8848	+0.124%	$13K	$428K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8820	+0.067%	$10.0M	$33.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8800	+0.026%	$4.2M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8790	+0.006%	$5.2M	$17.5M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8830	+0.088%	$1.3M	$2.8M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8810	+0.047%	$7.0M	$3.4M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8823	+0.073%	$980K	$878K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8810	+0.047%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8790	+0.006%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8915	+0.263%	$24K	$55K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8840	+0.108%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8800	+0.026%	$81K	$394K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8822	+0.070%	$3K	$189K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8844	+0.116%	$8K	—	100x	as long as short
Hyperliquid ORDI	+0.0251%	1h	4.8907	+0.245%	$705K	$662K	3x	as long as short