Funding you earn now, next payment 05:00 UTC+0.0603%/8h= +66.0% APRnext payment +$0.75 per $10,000 · paid last 24h −0.232%
Price spread now: Injective against Kraken Futures−7.578%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.847%+$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 7.578% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −7.578% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$758 on $10k: about 42 days of funding at the current rate (+$18 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORDIUSD | 4.9285 | −0.0569 | get 0.0071% / 1h | 18m 09s | $72K | $43K | 25x |
| Short | Injective ORDI/USDC PERP | 4.5550 | 0.0033 | get 0.0004% / 1h | 18m 09s | $776 | $20K | 5.5x |
Kraken Futures PF_ORDIUSD
Injective ORDI/USDC PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $126.57
- Price spread: −7.578% → 0.000%
- −$757.84
- 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
- −$641.29
- Costs to cover
- 0.100%
- Break-even
- 42.5 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 | −0.0569% | 1h | 4.9285 | long leg | $72K | $43K | 25x | |
| Gate ORDI_USDT | −0.0438% | 4h | 4.9290 | +0.010% | $1.3M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9186 | −0.201% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERPshort | +0.0033% | 1h | 4.5550 | −7.578% | $776 | $20K | 5.5x | |
| BloFin ORDI-USDT | +0.0050% | 4h | 4.9260 | −0.051% | $606K | $309K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9413 | +0.260% | $712K | $663K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9317 | +0.066% | $5K | $426K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9329 | +0.089% | $10.0M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9310 | +0.051% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9330 | +0.091% | $5.3M | $17.8M | 20x | as long as short |
Gate ORDI_USDT
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 | 4.9320 | +0.071% | $6.7M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9270 | −0.030% | $973K | $844K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9310 | +0.051% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9330 | +0.091% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9271 | −0.028% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9270 | −0.030% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9280 | −0.010% | $82K | $412K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9298 | +0.026% | $4K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9338 | +0.107% | $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]