Funding you earn now, next payment 01:00 UTC+0.2861%/8h= +313.3% APRpaid last 24h +0.128%
Price spread now: Kraken Futures against BloFin+0.291%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.909%−$91 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$86 a day on $10k at the current rate, and Kraken Futures is 0.291% dearer against BloFin than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.909%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.909% in total (about -47.4% 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 | BloFin ORDI-USDT | 4.9180 | 0.0083 | pay 0.0041% / 4h | 3h 28m | $605K | $311K | 75x |
| Short | Kraken Futures PF_ORDIUSD | 4.9323 | 0.2944 | get 0.0368% / 1h | 28m 43s | $66K | $39K | 25x |
BloFin ORDI-USDT
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $600.82
- Price spread: +0.291% → 0.000%
- $29.09
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $607.91
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: BloFin: live order book, 43 min ago; Kraken Futures: 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 BloFin live order book, 43 min ago | 3.09 bp | 18.3 bp −$18 | 40.4 bp −$404 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.9225 | +0.092% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.381% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTlong | +0.0083% | 4h | 4.9180 | long leg | $605K | $311K | 75x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9310 | +0.264% | $715K | $654K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9220 | +0.082% | $5K | $421K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9253 | +0.148% | $10.1M | $31.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9230 | +0.102% | $4.2M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9200 | +0.041% | $5.4M | $16.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9180 | 0.000% | $1.3M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9250 | +0.142% | $7.2M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9238 | +0.118% | $957K | $804K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9270 | +0.183% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9240 | +0.122% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9062 | −0.239% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9140 | −0.081% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9150 | −0.061% | $89K | $347K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9251 | +0.143% | $4K | $230K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9184 | +0.008% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDshort | +0.2944% | 1h | 4.9323 | +0.291% | $66K | $39K | 25x |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]