Funding you earn now, next payment 12:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.018%
Price spread now: KuCoin against BloFin0.000%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$950.955% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.065%−$7 · spread now 0.000%, 7d avg −0.044%
=The price spread pays, funding is against you. KuCoin is 0.044% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.044%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.010% in total) that is about 30 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDI-USDT | 4.8610 | 0.0141 | pay 0.0070% / 4h | 3h 34m | $589K | $305K | 75x |
| Short | KuCoin ORDIUSDTM | 4.8610 | 0.0100 | get 0.0050% / 4h | 3h 34m | $1.0M | $792K | 50x |
BloFin ORDI-USDT
KuCoin ORDIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$8.55
- Price spread: 0.000% → −0.044%
- $4.42
- Slippage, 4 orders
- −$71.46
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$99.6
- Costs to cover
- 0.955%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 42 min ago; KuCoin: live order book, 10 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 BloFin live order book, 42 min ago | 3.07 bp | 11.0 bp −$11 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 9.42 bp | 27.0 bp −$27 | 552.5 bp −$5,525 | 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 | −0.0451% | 1h | 4.8540 | −0.145% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8582 | −0.058% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.295% | $776 | $20K | 5.5x | as long as short |
| Gate ORDI_USDT | +0.0052% | 4h | 4.8580 | −0.062% | $1.2M | $2.6M | 50x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8673 | +0.130% | $701K | $668K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8642 | +0.065% | $10K | $346K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8640 | +0.062% | $9.9M | $33.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8580 | −0.062% | $4.1M | $4.4M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8590 | −0.041% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8620 | +0.021% | $6.6M | $3.2M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Gate ORDI_USDT
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 ORDIUSDTMshort | +0.0100% | 4h | 4.8610 | 0.000% | $1.0M | $792K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8600 | −0.021% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8590 | −0.041% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8597 | −0.027% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8540 | −0.144% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8610 | 0.000% | $87K | $342K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8607 | −0.005% | $5K | $223K | 5x | as long as short |
| BloFin ORDI-USDTlong | +0.0141% | 4h | 4.8610 | long leg | $589K | $305K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8585 | −0.051% | $8K | — | 100x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]