Funding you earn now, next payment 03:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h −0.217%
Price spread now: BloFin against Kraken Futures+0.381%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.790%+$79 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 +$12 a day on $10k at the current rate, and BloFin is 0.381% dearer against Kraken Futures than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORDIUSD | 4.8595 | −0.0352 | get 0.0044% / 1h | 8m 07s | $71K | $45K | 25x |
| Short | BloFin ORDI-USDT | 4.8780 | 0.0057 | get 0.0028% / 4h | 1h 08m | $609K | $304K | 75x |
Kraken Futures PF_ORDIUSD
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $85.84
- Price spread: +0.381% → 0.000%
- $38.06
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $101.9
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 32 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 BloFin live order book, 32 min ago | 2.05 bp | 9.5 bp −$9 | 34.2 bp −$342 | 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 | −0.0352% | 1h | 4.8595 | long leg | $71K | $45K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8631 | +0.073% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.266% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTshort | +0.0057% | 4h | 4.8780 | +0.381% | $609K | $304K | 75x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8618 | +0.047% | $13K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8622 | +0.055% | $10.0M | $33.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8580 | −0.031% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8600 | +0.010% | $5.2M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8620 | +0.051% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8610 | +0.031% | $6.8M | $3.4M | 200x | 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_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8603 | +0.016% | $976K | $878K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8630 | +0.072% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8690 | +0.195% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8775 | +0.371% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8560 | −0.072% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8560 | −0.072% | $80K | $394K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8627 | +0.065% | $5K | $190K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8585 | −0.022% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0278% | 1h | 4.8696 | +0.208% | $702K | $661K | 3x | as long as short |
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]
Hyperliquid ORDI