Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Variational Omni−5.473%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.473% cheaper against Variational Omni than usual: you would sell low and buy high (−$547 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ORDI | 4.8187 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $24K | $42K | — |
| Short | Injective ORDI/USDC PERP | 4.5550 | 0.0033 | get 0.0004% / 1h | 22m 22s | $776 | $20K | 5.5x |
Variational Omni ORDI
Injective ORDI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- −$14
- Price spread: −5.473% → 0.000%
- −$547.25
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$561.27
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Variational Omni 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_ORDIUSD | −0.0721% | 1h | 4.8365 | +0.368% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0084% | 4h | 4.8490 | +0.629% | $1.2M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8415 | +0.474% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERPshort | +0.0033% | 1h | 4.5550 | −5.473% | $776 | $20K | 5.5x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8604 | +0.865% | $701K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8509 | +0.667% | $7K | $429K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8570 | +0.795% | $9.9M | $34.4M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8510 | +0.670% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8570 | +0.795% | $5.2M | $18.1M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8540 | +0.732% | $6.4M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
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 | 4.8476 | +0.600% | $979K | $831K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8550 | +0.753% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8470 | +0.587% | — | $2.3M | — | as long as short |
| Variational Omni ORDIlong | +0.0100% | 4h | 4.8187 | long leg | $24K | $42K | — | |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8350 | +0.338% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8420 | +0.483% | $85K | $441K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8507 | +0.664% | $2K | $180K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0138% | 4h | 4.8440 | +0.525% | $593K | $305K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8533 | +0.719% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]