ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.010%

Price spread now: dYdX against Injective+6.139%7-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 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 6.139% dearer against Injective than usual: you sell high and buy low (spread +6.139% now, against zero (this spread has no 7-day history yet)): +$614 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 months.

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	38m 45s	$776	$20K	5.5x
Short	dYdX ORDI-USD	4.8346	0	get 0.0000% / 1h	38m 45s	$33K	$651	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +6.139%Rate

Funding earned: −$7
Price spread: +6.139% → 0.000%: $613.9
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: $596.88
Costs to cover: 0.100%
Break-even: from the start

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

Injective 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 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_ORDIUSD	−0.0377%	1h	4.8229	+5.881%	$71K	$44K	25x	as long as short
dYdX ORDI-USDshort	0.0000%	1h	4.8346	+6.139%	$33K	$651	5x
Injective ORDI/USDC PERPlong	+0.0033%	1h	4.5550	long leg	$776	$20K	5.5x
Aster ORDIUSDT	+0.0100%	4h	4.8332	+6.108%	$14K	$428K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8363	+6.175%	$9.9M	$33.7M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8330	+6.103%	$4.1M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8360	+6.169%	$5.2M	$17.3M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8310	+6.059%	$1.2M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8370	+6.191%	$6.8M	$3.4M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.8337	+6.119%	$965K	$876K	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	4.8350	+6.147%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8350	+6.147%	—	$27.0M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8346	+6.138%	$24K	$55K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8280	+5.993%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8280	+5.993%	$81K	$401K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8351	+6.149%	$2K	$188K	5x	as long as short
BloFin ORDI-USDT	+0.0147%	4h	4.8330	+6.103%	$595K	$303K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8311	+6.062%	$8K	—	100x	as long as short
Hyperliquid ORDI	+0.0491%	1h	4.8437	+6.338%	$697K	$660K	3x	as long as short