Funding you earn now, next payment 09:00 UTC+0.0549%/8h= +60.1% APRpaid last 24h −0.190%
Price spread now: Binance against Kraken Futures+0.168%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+0.625%+$63 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 +$16 a day on $10k at the current rate, and Binance is 0.168% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORDIUSD | 4.8788 | −0.0449 | get 0.0056% / 1h | 2m 02s | $69K | $43K | 25x |
| Short | Binance ORDIUSDT | 4.8870 | 0.0100 | get 0.0050% / 4h | 3h 02m | $9.9M | $33.3M | 50x |
Kraken Futures PF_ORDIUSD
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $115.27
- Price spread: +0.168% → 0.000%
- $16.81
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $112.07
- Costs to cover
- 0.200%
- Break-even
- 0.2 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 10 min ago. 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 Binance live order book, 10 min ago | 1.02 bp | 11.3 bp −$11 | 30.8 bp −$308 | 357.7 bp −$35.8K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSDlong | −0.0449% | 1h | 4.8788 | long leg | $69K | $43K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8855 | +0.138% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.637% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8922 | +0.275% | $705K | $641K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8898 | +0.226% | $10K | $344K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8870 | +0.168% | $9.9M | $33.3M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8840 | +0.107% | $4.1M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8850 | +0.127% | $5.2M | $17.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8860 | +0.148% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8870 | +0.168% | $6.8M | $3.2M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster 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 | 4.8876 | +0.180% | $1.0M | $782K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8860 | +0.148% | $2.8M | $3.6M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8850 | +0.127% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8822 | +0.070% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8810 | +0.045% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8800 | +0.025% | $84K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8864 | +0.157% | $2K | $223K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0134% | 4h | 4.8910 | +0.250% | $591K | $297K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8832 | +0.090% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]