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: Injective against Kraken Futures−8.172%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+0.847%+$85 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 8.172% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −8.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$817 on $10k: about 45 days of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ORDIUSD	4.9604	−0.0566	get 0.0071% / 1h	42m 43s	$73K	$43K	25x
Short	Injective ORDI/USDC PERP	4.5550	0.0033	get 0.0004% / 1h	42m 43s	$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

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 InjectivebpOrdersPrice spread, now −8.172%Rate

Funding earned: $125.8
Price spread: −8.172% → 0.000%: −$817.23
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: −$701.45
Costs to cover: 0.100%
Break-even: 46.0 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	−0.0566%	1h	4.9604	long leg	$73K	$43K	25x
Gate ORDI_USDT	−0.0080%	4h	4.9530	−0.149%	$1.3M	$2.7M	50x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.9520	−0.169%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERPshort	+0.0033%	1h	4.5550	−8.172%	$776	$20K	5.5x
BloFin ORDI-USDT	+0.0068%	4h	4.9650	+0.093%	$607K	$311K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9590	−0.028%	$714K	$661K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9637	+0.066%	$11K	$423K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9524	−0.160%	$10.1M	$33.8M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9470	−0.270%	$4.2M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9470	−0.270%	$5.3M	$17.8M	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ORDI_USDT	+0.0100%	4h	4.9520	−0.169%	$6.9M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.9554	−0.100%	$976K	$854K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9500	−0.209%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.9550	−0.108%	—	$27.0M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9611	+0.015%	$24K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9550	−0.108%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9610	+0.013%	$83K	$410K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9509	−0.190%	$3K	$180K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.9621	+0.034%	$8K	—	100x	as long as short