Funding you earn now, next payment 07:00 UTC+0.0643%/8h= +70.4% APRpaid last 24h −0.187%
Price spread now: Bybit against Kraken Futures−0.182%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.646%+$65 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.182% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 23 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.646% in total) that is about 47 hours. The two prices were read 55 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 | 4.8869 | −0.0543 | get 0.0068% / 1h | 32m 23s | $69K | $44K | 25x |
| Short | Bybit ORDIUSDT | 4.8780 | 0.0100 | get 0.0050% / 4h | 1h 32m | $4.1M | $4.7M | 50x |
Kraken Futures PF_ORDIUSD
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $134.98
- Price spread: −0.182% → 0.000%
- −$18.15
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $95.82
- Costs to cover
- 0.210%
- Break-even
- 2.0 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 4.08 bp | 26.6 bp −$27 | 76.8 bp −$768 | 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 | −0.0543% | 1h | 4.8869 | long leg | $69K | $44K | 25x | |
| Gate ORDI_USDT | −0.0068% | 4h | 4.8820 | −0.100% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8835 | −0.069% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.791% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8880 | +0.023% | $705K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8900 | +0.064% | $3K | $432K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8836 | −0.068% | $10.0M | $34.6M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.8780 | −0.182% | $4.1M | $4.7M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8770 | −0.202% | $5.2M | $18.1M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8850 | −0.038% | $6.5M | $3.3M | 200x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
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 | +0.015% | $993K | $827K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8820 | −0.100% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8760 | −0.222% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8916 | +0.098% | $26K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8800 | −0.141% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8890 | +0.044% | $85K | $435K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8882 | +0.027% | $7K | $155K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0145% | 4h | 4.8880 | +0.023% | $597K | $312K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8789 | −0.163% | $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]