Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against OKX−0.008%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$980.980% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.008%, 7d avg −0.006%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ORDI-USDT-SWAP | 4.8870 | 0.0100 | pay 0.0050% / 4h | 16m 25s | $5.2M | $17.4M | 20x |
| Short | KuCoin ORDIUSDTM | 4.8866 | 0.0100 | get 0.0050% / 4h | 16m 25s | $975K | $865K | 50x |
OKX ORDI-USDT-SWAP
KuCoin ORDIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $0
- Price spread: −0.008% → −0.006%
- −$0.22
- Slippage, 4 orders
- −$76.01
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$98.23
- Costs to cover
- 0.980%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 33 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 OKX live order book, 2 min ago | 1.02 bp | 13.1 bp −$13 | 46.2 bp −$462 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 33 min ago | 9.84 bp | 30.5 bp −$30 | 560.2 bp −$5,602 | 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 | −0.0372% | 1h | 4.8871 | +0.002% | $72K | $44K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8886 | +0.033% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.794% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8875 | +0.010% | $14K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8887 | +0.035% | $10.0M | $33.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8840 | −0.061% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAPlong | +0.0100% | 4h | 4.8870 | long leg | $5.2M | $17.4M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8850 | −0.041% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8870 | 0.000% | $6.8M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTMshort | +0.0100% | 4h | 4.8866 | −0.008% | $975K | $865K | 50x |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8860 | −0.020% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8860 | −0.020% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8791 | −0.162% | $24K | $53K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8860 | −0.020% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8870 | 0.000% | $81K | $403K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8876 | +0.013% | $2K | $183K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0142% | 4h | 4.8940 | +0.143% | $603K | $305K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8900 | +0.062% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0351% | 1h | 4.8961 | +0.186% | $705K | $660K | 3x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI