Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: KuCoin against Gate−0.041%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1191.193% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.041%, 7d avg +0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.061% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.8290 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $1.2M | $2.6M | 50x |
| Short | KuCoin ORDIUSDTM | 4.8270 | 0.0100 | get 0.0050% / 4h | 2h 19m | $1.0M | $758K | 50x |
Gate ORDI_USDT
KuCoin ORDIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $0
- Price spread: −0.041% → +0.019%
- −$6.09
- Slippage, 4 orders
- −$92.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$125.38
- Costs to cover
- 1.193%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 3 min ago.
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, 1 min ago | 2.07 bp | 19.4 bp −$19 | 138.2 bp −$1,382 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 6.72 bp | 24.4 bp −$24 | 558.4 bp −$5,584 | doesn't fit | doesn't fit |
ORDI on 19 exchanges
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 | −0.0424% | 1h | 4.8211 | −0.164% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8265 | −0.052% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.674% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8365 | +0.155% | $697K | $639K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8310 | +0.041% | $10K | $279K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8280 | −0.021% | $9.8M | $32.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8260 | −0.062% | $4.1M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8240 | −0.104% | $5.1M | $17.5M | 20x | as long as short |
| Gate ORDI_USDTlong | +0.0100% | 4h | 4.8290 | long leg | $1.2M | $2.6M | 50x | |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8270 | −0.041% | $6.8M | $3.2M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTMshort | +0.0100% | 4h | 4.8270 | −0.041% | $1.0M | $758K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8270 | −0.041% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8270 | −0.041% | — | $28.7M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8275 | −0.031% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8260 | −0.062% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8240 | −0.104% | $84K | $348K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8277 | −0.026% | $7K | $224K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0152% | 4h | 4.8370 | +0.166% | $587K | $293K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8278 | −0.024% | $8K | — | 100x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]