Funding you earn now, next payment 02:00 UTC−0.2961%/8h= −324.3% APRpaid last 24h −0.193%
Price spread now: BingX against Kraken Futures+0.093%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+0.866%+$87 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BingX is 0.093% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$89 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.866%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.866% in total (about 45.2% 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 | Kraken Futures PF_ORDIUSD | 4.8854 | 0.3061 | pay 0.0383% / 1h | 4m 50s | $72K | $46K | 25x |
| Short | BingX ORDI-USDT | 4.8900 | 0.0100 | get 0.0050% / 4h | 2h 04m | — | $27.2M | — |
Kraken Futures PF_ORDIUSD
BingX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$621.86
- Price spread: +0.093% → 0.000%
- $9.33
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$632.54
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 4 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 BingX live order book, 4 min ago | 1.02 bp | 7.6 bp −$8 | 14.9 bp −$149 | 31.4 bp −$3,138 | 290.1 bp −$145.1K |
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 18 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 | 4.8855 | +0.002% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.764% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8908 | +0.110% | $13K | $426K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8955 | +0.205% | $10.0M | $33.1M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8870 | +0.032% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8950 | +0.196% | $5.3M | $17.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8910 | +0.114% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8920 | +0.134% | $7.0M | $3.5M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8872 | +0.036% | $933K | $872K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8930 | +0.155% | $2.9M | $3.5M | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ORDI-USDTshort | +0.0100% | 4h | 4.8900 | +0.093% | — | $27.2M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8861 | +0.014% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8860 | +0.011% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8870 | +0.032% | $79K | $382K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8907 | +0.108% | $3K | $194K | 5x | as long as short |
| Hyperliquid ORDI | +0.0163% | 1h | 4.9041 | +0.382% | $707K | $660K | 3x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8897 | +0.087% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDlong | +0.3061% | 1h | 4.8854 | long leg | $72K | $46K | 25x |
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
Hyperliquid ORDI
GMX ORDI/USD [WBTC.b-USDC]