Funding you earn now, next payment 23:00 UTC+0.2855%/8h= +312.6% APRpaid last 24h +0.038%
Price spread now: Kraken Futures against Gate+0.431%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−0.956%−$96 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 0.431% dearer against Gate than usual: you sell high and buy low: +$43 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 −0.956%, 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 -0.956% in total (about -49.8% 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 | 4.8540 | 0.0100 | pay 0.0050% / 4h | 1h 28m | $1.2M | $2.7M | 50x |
| Short | Kraken Futures PF_ORDIUSD | 4.8749 | 0.2955 | get 0.0369% / 1h | 28m 55s | $66K | $42K | 25x |
Gate ORDI_USDT
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $599.55
- Price spread: +0.431% → 0.000%
- $43.12
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $617.67
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago | 3.09 bp | 19.1 bp −$19 | 167.3 bp −$1,673 | 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 | 4.8452 | −0.181% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.160% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0064% | 4h | 4.8650 | +0.227% | $607K | $308K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8678 | +0.284% | $707K | $648K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8590 | +0.103% | $5K | $415K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8640 | +0.206% | $10.0M | $30.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8570 | +0.062% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8590 | +0.103% | $5.3M | $16.2M | 20x | as long as short |
| Gate ORDI_USDTlong | +0.0100% | 4h | 4.8540 | long leg | $1.2M | $2.7M | 50x | |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8640 | +0.206% | $7.0M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.8565 | +0.052% | $928K | $826K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8620 | +0.165% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8560 | +0.041% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8509 | −0.064% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8540 | 0.000% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8580 | +0.082% | $88K | $362K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8631 | +0.186% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8576 | +0.075% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDshort | +0.2955% | 1h | 4.8749 | +0.431% | $66K | $42K | 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]