ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.3052%/8h= −334.2% APRnext payment −$3.81 per $10,000 · paid last 24h −0.223%

Price spread now: dYdX against Kraken Futures+0.050%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.050% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$92 a day in funding at the current rate, which eats that in about 1 hour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ORDIUSD	4.9005	0.3052	pay 0.0381% / 1h	34m 08s	$72K	$49K	25x
Short	dYdX ORDI-USD	4.9030	0	get 0.0000% / 1h	34m 08s	$34K	$651	5x

Funding 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 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 Kraken FuturesbpFee dYdXbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$640.89
Price spread: +0.050% → 0.000%: $4.98
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$655.91
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 18 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	4.9030	+0.050%	$34K	$651	5x
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.051%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9161	+0.318%	$710K	$661K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9069	+0.131%	$7K	$422K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9055	+0.101%	$10.1M	$33.2M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9040	+0.071%	$4.2M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9060	+0.112%	$5.3M	$17.5M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.9010	+0.010%	$1.3M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.9030	+0.051%	$7.1M	$3.5M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.9015	+0.020%	$919K	$877K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ORDIUSDT	+0.0100%	4h	4.9060	+0.112%	$2.9M	$3.4M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.9070	+0.132%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9027	+0.045%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8990	−0.031%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9030	+0.051%	$89K	$356K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9077	+0.147%	$5K	$193K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.9056	+0.104%	$8K	—	100x	as long as short
Kraken Futures PF_ORDIUSDlong	+0.3052%	1h	4.9005	long leg	$72K	$49K	25x