ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0420%/8h= +46.0% APRnext payment +$0.52 per $10,000 · paid last 24h −0.220%

Price spread now: dYdX against Kraken Futures−0.186%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. dYdX is 0.186% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.186% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 36 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ORDIUSD	4.8702	−0.0420	get 0.0052% / 1h	57m 06s	$69K	$43K	25x
Short	dYdX ORDI-USD	4.8611	0	get 0.0000% / 1h	57m 06s	$33K	$577	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 −0.186%Rate

Funding earned: $88.16
Price spread: −0.186% → 0.000%: −$18.64
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $49.52
Costs to cover: 0.200%
Break-even: 3.1 days

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 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	−0.0420%	1h	4.8702	long leg	$69K	$43K	25x
dYdX ORDI-USDshort	0.0000%	1h	4.8611	−0.186%	$33K	$577	5x
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.472%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8833	+0.269%	$703K	$641K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8755	+0.109%	$10K	$290K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8769	+0.137%	$9.9M	$33.1M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8740	+0.078%	$4.1M	$4.3M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8730	+0.057%	$5.2M	$17.6M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8730	+0.057%	$1.2M	$2.5M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8770	+0.140%	$6.8M	$3.1M	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	4.8814	+0.230%	$1.0M	$775K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8760	+0.119%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8760	+0.119%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8771	+0.142%	$25K	$33K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8570	−0.271%	$2K	$1.1M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8600	−0.210%	$84K	$349K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8722	+0.042%	$2K	$223K	5x	as long as short
BloFin ORDI-USDT	+0.0104%	4h	4.8660	−0.086%	$586K	$296K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8831	+0.265%	$8K	—	100x	as long as short