Funding you earn now, next payment 08:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against KuCoin+0.014%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1351.352% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.014%, 7d avg −0.019%
=The price spread pays, funding is against you. Gate is 0.033% dearer against KuCoin than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.019%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.041% in total) that is about 5.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.9153 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $992K | $830K | 50x |
| Short | Gate ORDI_USDT | 4.9160 | 0.0014 | get 0.0007% / 4h | 2h 12m | $1.3M | $2.8M | 50x |
KuCoin ORDIUSDTM
Gate ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$18.06
- Price spread: +0.014% → −0.019%
- $3.28
- Slippage, 4 orders
- −$108.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$149.95
- Costs to cover
- 1.352%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 27 min ago; Gate: live order book, 5 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, 27 min ago | 7.57 bp | 60.1 bp −$60 | 1096.4 bp −$11.0K | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.06 bp | 21.2 bp −$21 | 73.1 bp −$731 | doesn't fit | 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 | −0.0711% | 1h | 4.9081 | −0.147% | $70K | $47K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9071 | −0.166% | $34K | $577 | 5x | as long as short |
| Gate ORDI_USDTshort | +0.0014% | 4h | 4.9160 | +0.014% | $1.3M | $2.8M | 50x | |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.330% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9242 | +0.181% | $710K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9154 | +0.002% | $6K | $432K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9200 | +0.096% | $10.1M | $34.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9140 | −0.026% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9170 | +0.035% | $5.3M | $18.3M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9190 | +0.075% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit 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 ORDIUSDTMlong | +0.0100% | 4h | 4.9153 | long leg | $992K | $830K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9200 | +0.096% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9130 | −0.047% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8947 | −0.419% | $28K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9040 | −0.230% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9040 | −0.230% | $85K | $440K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9177 | +0.049% | $2K | $179K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0130% | 4h | 4.9190 | +0.075% | $593K | $315K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9078 | −0.154% | $8K | — | 100x | as long as short |
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]