Funding you earn now, next payment 05:00 UTC+0.0676%/8h= +74.0% APRpaid last 24h −0.212%
Price spread now: Bitget against Kraken Futures+0.117%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+0.761%+$76 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 +$20 a day on $10k at the current rate, and Bitget is 0.117% dearer against Kraken Futures than usual: you sell high and buy low: +$12 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 | 4.8733 | −0.0576 | get 0.0072% / 1h | 0m 16s | $69K | $48K | 25x |
| Short | Bitget ORDIUSDT | 4.8790 | 0.0100 | get 0.0050% / 4h | 3h 00m | $2.9M | $3.5M | 50x |
Kraken Futures PF_ORDIUSD
Bitget ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $141.92
- Price spread: +0.117% → 0.000%
- $11.7
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $131.62
- Costs to cover
- 0.220%
- Break-even
- 0.5 days
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 1.03 bp | 16.8 bp −$17 | 31.8 bp −$318 | doesn't fit | 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 | −0.0576% | 1h | 4.8733 | long leg | $69K | $48K | 25x | |
| Gate ORDI_USDT | −0.0568% | 4h | 4.8770 | +0.076% | $1.3M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8710 | −0.047% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.532% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0041% | 4h | 4.8760 | +0.055% | $598K | $306K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8922 | +0.388% | $705K | $665K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8827 | +0.194% | $7K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8822 | +0.183% | $9.9M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8740 | +0.014% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8780 | +0.096% | $5.2M | $17.7M | 20x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8820 | +0.179% | $6.6M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8809 | +0.156% | $974K | $829K | 50x | as long as short |
| Bitget ORDIUSDTshort | +0.0100% | 4h | 4.8790 | +0.117% | $2.9M | $3.5M | 50x | |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8750 | +0.035% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8696 | −0.075% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8740 | +0.014% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8770 | +0.076% | $82K | $408K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8804 | +0.145% | $4K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8799 | +0.136% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]