Funding you earn now, next payment 04:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h +0.218%
Price spread now: Kraken Futures against OKX+0.056%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.721%−$72 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.056% dearer against OKX than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 45 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 | OKX ORDI-USDT-SWAP | 4.8800 | 0.0100 | pay 0.0050% / 4h | 18m 39s | $5.2M | $17.4M | 20x |
| Short | Kraken Futures PF_ORDIUSD | 4.8827 | −0.0372 | pay 0.0046% / 1h | 18m 39s | $72K | $44K | 25x |
OKX ORDI-USDT-SWAP
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$99.1
- Price spread: +0.056% → 0.000%
- $5.59
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$113.51
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 5 min ago; Kraken Futures: no order-book sample. 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 OKX live order book, 5 min ago | 2.05 bp | 12.3 bp −$12 | 45.9 bp −$459 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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_ORDIUSDshort | −0.0372% | 1h | 4.8827 | +0.056% | $72K | $44K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8793 | −0.014% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.660% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0071% | 4h | 4.8890 | +0.184% | $602K | $305K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8784 | −0.032% | $14K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8818 | +0.038% | $10.0M | $33.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8790 | −0.020% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAPlong | +0.0100% | 4h | 4.8800 | long leg | $5.2M | $17.4M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8790 | −0.020% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8790 | −0.020% | $6.8M | $3.4M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
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 | 4.8795 | −0.010% | $973K | $867K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8780 | −0.041% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8850 | +0.102% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8791 | −0.018% | $24K | $53K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8800 | 0.000% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8830 | +0.061% | $81K | $402K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8786 | −0.028% | $2K | $183K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8807 | +0.015% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0370% | 1h | 4.8865 | +0.133% | $703K | $660K | 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