Funding you earn now, next payment 02:00 UTC+0.2899%/8h= +317.4% APRpaid last 24h +0.128%
Price spread now: Kraken Futures against BloFin+0.249%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.909%−$91 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$87 a day on $10k at the current rate, and Kraken Futures is 0.249% dearer against BloFin than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.909%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.909% in total (about -47.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDI-USDT | 4.8980 | 0.0147 | pay 0.0073% / 4h | 2h 57m | $617K | $312K | 75x |
| Short | Kraken Futures PF_ORDIUSD | 4.9102 | 0.3046 | get 0.0381% / 1h | 57m 14s | $65K | $40K | 25x |
BloFin ORDI-USDT
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $608.78
- Price spread: +0.249% → 0.000%
- $24.91
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $611.69
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: BloFin: live order book, 9 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 BloFin live order book, 9 min ago | 2.01 bp | 10.6 bp −$11 | 36.8 bp −$368 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.9041 | +0.124% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.003% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8920 | −0.122% | $707K | $651K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9019 | +0.079% | $6K | $413K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8907 | −0.149% | $10.0M | $32.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8850 | −0.265% | $4.2M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8830 | −0.306% | $5.3M | $17.0M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8890 | −0.184% | $1.3M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8890 | −0.184% | $7.0M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8906 | −0.151% | $952K | $841K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8870 | −0.225% | $2.9M | $3.3M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8870 | −0.225% | — | $27.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9266 | +0.585% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8910 | −0.143% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9000 | +0.041% | $89K | $352K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8968 | −0.025% | $2K | $195K | 5x | as long as short |
| BloFin ORDI-USDTlong | +0.0147% | 4h | 4.8980 | long leg | $617K | $312K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8961 | −0.039% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDshort | +0.3046% | 1h | 4.9102 | +0.249% | $65K | $40K | 25x |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]