Funding you earn now, next payment 05:00 UTC−0.0669%/8h= −73.3% APRpaid last 24h +0.212%
Price spread now: Kraken Futures against Binance−0.328%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−0.707%−$71 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Kraken Futures is 0.328% cheaper against Binance than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDIUSDT | 4.9460 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $10.1M | $33.8M | 50x |
| Short | Kraken Futures PF_ORDIUSD | 4.9298 | −0.0569 | pay 0.0071% / 1h | 42m 23s | $72K | $43K | 25x |
Binance ORDIUSDT
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$140.54
- Price spread: −0.328% → 0.000%
- −$32.8
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$193.33
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago | 1.01 bp | 11.3 bp −$11 | 28.1 bp −$281 | 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 | −0.0569% | 1h | 4.9298 | −0.328% | $72K | $43K | 25x | |
| Gate ORDI_USDT | −0.0080% | 4h | 4.9530 | +0.142% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9520 | +0.122% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.905% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0068% | 4h | 4.9650 | +0.384% | $607K | $311K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9553 | +0.188% | $713K | $661K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9542 | +0.167% | $11K | $423K | 5x | as long as short |
| Binance ORDIUSDTlong | +0.0100% | 4h | 4.9460 | long leg | $10.1M | $33.8M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9410 | −0.101% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9390 | −0.142% | $5.3M | $17.8M | 20x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9490 | +0.061% | $6.9M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9511 | +0.103% | $975K | $851K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9400 | −0.121% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9550 | +0.182% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9611 | +0.306% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9320 | −0.283% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9370 | −0.182% | $83K | $410K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9420 | −0.081% | $3K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9444 | −0.032% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
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]