ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0599%/8h= −65.6% APRnext payment −$0.75 per $10,000 · paid last 24h +0.232%

Price spread now: Kraken Futures against Injective+8.891%63s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.847%−$85 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 8.891% dearer against Injective than usual: you sell high and buy low (spread +8.891% now, against zero (this spread has no 7-day history yet)): +$889 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 49 days. The two prices were read 63 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	Injective ORDI/USDC PERP	4.5550	0.0033	pay 0.0004% / 1h	43m 42s	$776	$20K	5.5x
Short	Kraken Futures PF_ORDIUSD	4.9600	−0.0566	pay 0.0071% / 1h	43m 42s	$73K	$44K	25x

Funding 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 it

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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +8.891%Rate

Funding earned: −$125.81
Price spread: +8.891% → 0.000%: $889.11
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: $753.28
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 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_ORDIUSDshort	−0.0566%	1h	4.9600	+8.891%	$73K	$44K	25x
dYdX ORDI-USD	0.0000%	1h	4.9610	+8.913%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERPlong	+0.0033%	1h	4.5550	long leg	$776	$20K	5.5x
Hyperliquid ORDI	+0.0100%	1h	4.9683	+9.074%	$715K	$661K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9674	+9.054%	$11K	$423K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9623	+8.942%	$10.1M	$33.7M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9600	+8.891%	$4.2M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9620	+8.935%	$5.4M	$17.8M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.9650	+9.001%	$1.3M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.9620	+8.935%	$6.9M	$3.3M	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	4.9651	+9.003%	$978K	$854K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9650	+9.001%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.9610	+8.913%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9611	+8.916%	$24K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9540	+8.760%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9570	+8.825%	$83K	$410K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9621	+8.937%	$3K	$180K	5x	as long as short
BloFin ORDI-USDT	+0.0154%	4h	4.9570	+8.825%	$605K	$310K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.9636	+8.970%	$8K	—	100x	as long as short