Funding you earn now, next payment 05:00 UTC+0.0605%/8h= +66.3% APRpaid last 24h −0.011%
Price spread now: Injective against Gate−7.419%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.150%+$15 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 7.419% cheaper against Gate than usual: you would sell low and buy high (spread −7.419% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$742 on $10k: about 41 days of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.150% in total) that is about 12 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.9200 | −0.0572 | get 0.0286% / 4h | 3h 26m | $1.3M | $2.7M | 50x |
| Short | Injective ORDI/USDC PERP | 4.5550 | 0.0033 | get 0.0004% / 1h | 26m 33s | $776 | $20K | 5.5x |
Gate ORDI_USDT
Injective ORDI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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
- $127.12
- Price spread: −7.419% → 0.000%
- −$741.87
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$629.77
- Costs to cover
- 0.150%
- Break-even
- 41.7 days
Slippage unknown: Gate: live order book, 1 min ago; 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 Gate live order book, 1 min ago | 2.03 bp | 20.6 bp −$21 | 163.2 bp −$1,632 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ORDI_USDTlong | −0.0572% | 4h | 4.9200 | long leg | $1.3M | $2.7M | 50x | |
| Kraken Futures PF_ORDIUSD | −0.0571% | 1h | 4.9174 | −0.052% | $72K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9216 | +0.032% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERPshort | +0.0033% | 1h | 4.5550 | −7.419% | $776 | $20K | 5.5x | |
| BloFin ORDI-USDT | +0.0057% | 4h | 4.9250 | +0.102% | $606K | $309K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9273 | +0.148% | $710K | $662K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9240 | +0.082% | $10K | $425K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9210 | +0.020% | $10.0M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9170 | −0.061% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9180 | −0.041% | $5.3M | $17.7M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9210 | +0.020% | $6.8M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9269 | +0.140% | $974K | $841K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9220 | +0.041% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9210 | +0.020% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9641 | +0.897% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9200 | 0.000% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9250 | +0.102% | $82K | $410K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9200 | 0.000% | $4K | $184K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9262 | +0.125% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]