Funding you earn now, next payment 23:00 UTC−0.2855%/8h= −312.6% APRnext payment −$3.57 per $10,000 · paid last 24h −0.027%
Price spread now: Extended against Kraken Futures−0.256%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.977%+$98 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$86 a day on $10k at the current rate, and Extended is 0.256% cheaper against Kraken Futures than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.977%, 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 0.977% in total (about 50.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.57 per $10,000. 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 | 4.8686 | 0.2959 | pay 0.0370% / 1h | 17m 34s | $66K | $42K | 25x |
| Short | Extended ORDI-USD | 4.8561 | 0.0104 | get 0.0013% / 1h | 17m 34s | $5K | $172K | 5x |
Kraken Futures PF_ORDIUSD
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$599.52
- Price spread: −0.256% → 0.000%
- −$25.58
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$640.1
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Extended: live order book, 64 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 Extended live order book, 64 min ago | 3.19 bp | 17.4 bp −$17 | 125.3 bp −$1,253 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8510 | −0.362% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.441% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0056% | 4h | 4.8610 | −0.156% | $603K | $308K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8633 | −0.109% | $707K | $648K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8582 | −0.214% | $5K | $415K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8570 | −0.238% | $9.9M | $30.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8520 | −0.341% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8540 | −0.300% | $5.3M | $16.2M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8560 | −0.259% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8570 | −0.238% | $6.9M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
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 | 4.8558 | −0.263% | $928K | $826K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8550 | −0.279% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8580 | −0.218% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8579 | −0.220% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8530 | −0.321% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8550 | −0.279% | $88K | $362K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.8561 | −0.256% | $5K | $172K | 5x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8581 | −0.215% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDlong | +0.2959% | 1h | 4.8686 | long leg | $66K | $42K | 25x |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]