Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.021%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1111.108% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.293%−$29 · spread now −0.021%, 7d avg +0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.052% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.8822 | 0.0100 | pay 0.0050% / 4h | 2h 59m | $1.0M | $782K | 50x |
| Short | Binance ORDIUSDT | 4.8812 | 0.0100 | get 0.0050% / 4h | 2h 59m | $9.9M | $33.3M | 50x |
KuCoin ORDIUSDTM
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $0
- Price spread: −0.021% → +0.031%
- −$5.22
- Slippage, 4 orders
- −$88.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$116.06
- Costs to cover
- 1.108%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 12 min ago.
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 KuCoin live order book, 5 min ago | 6.95 bp | 58.1 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.02 bp | 11.3 bp −$11 | 30.8 bp −$308 | 357.7 bp −$35.8K | doesn't fit |
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_ORDIUSD | −0.0449% | 1h | 4.8796 | −0.052% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8762 | −0.123% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.702% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0077% | 4h | 4.8940 | +0.242% | $592K | $297K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8852 | +0.061% | $704K | $641K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8832 | +0.020% | $10K | $344K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8812 | −0.021% | $9.9M | $33.3M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8780 | −0.086% | $4.1M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8780 | −0.086% | $5.2M | $17.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8800 | −0.045% | $1.2M | $2.5M | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8810 | −0.025% | $6.8M | $3.1M | 200x | as long as short |
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.8822 | long leg | $1.0M | $782K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8800 | −0.045% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8850 | +0.057% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8771 | −0.105% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.127% | $2K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8820 | −0.004% | $84K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8799 | −0.047% | $2K | $223K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8831 | +0.019% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]