ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Injective against dYdX−6.829%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Injective is 6.829% cheaper against dYdX than usual: you would sell low and buy high (spread −6.829% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$683 on $10k: about 23 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ORDI-USD	4.8889	0	get 0.0000% / 1h	41m 07s	$34K	$651	5x
Short	Injective ORDI/USDC PERP	4.5550	0.0033	get 0.0004% / 1h	41m 07s	$776	$20K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now −6.829%Rate

Funding earned: $7
Price spread: −6.829% → 0.000%: −$682.91
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$685.93
Costs to cover: 0.100%
Break-even: 692.9 days

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

dYdX 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
dYdX ORDI-USDlong	0.0000%	1h	4.8889	long leg	$34K	$651	5x
Injective ORDI/USDC PERPshort	+0.0033%	1h	4.5550	−6.829%	$776	$20K	5.5x
Hyperliquid ORDI	+0.0100%	1h	4.8943	+0.111%	$711K	$651K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8867	−0.044%	$4K	$418K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8900	+0.023%	$10.1M	$31.2M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8840	−0.100%	$4.1M	$4.2M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8860	−0.059%	$5.3M	$16.5M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8860	−0.059%	$1.3M	$2.8M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8890	+0.003%	$7.1M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.8910	+0.044%	$938K	$818K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ORDIUSDT	+0.0100%	4h	4.8900	+0.023%	$2.9M	$3.0M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8950	+0.126%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9024	+0.277%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8830	−0.120%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8860	−0.059%	$89K	$355K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8901	+0.025%	$5K	$172K	5x	as long as short
BloFin ORDI-USDT	+0.0150%	4h	4.8910	+0.044%	$610K	$309K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8895	+0.013%	$8K	—	100x	as long as short
Kraken Futures PF_ORDIUSD	+0.3022%	1h	4.9031	+0.291%	$66K	$43K	25x	as long as short