Funding you earn now, next payment 08:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h +0.196%
Price spread now: Kraken Futures against Gate−0.013%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−0.660%−$66 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.8770 | −0.0072 | get 0.0036% / 4h | 56m 27s | $1.2M | $2.7M | 50x |
| Short | Kraken Futures PF_ORDIUSD | 4.8763 | −0.0305 | pay 0.0038% / 1h | 56m 27s | $69K | $43K | 25x |
Gate ORDI_USDT
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$48.85
- Price spread: −0.013% → 0.000%
- −$1.34
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$75.19
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago | 3.08 bp | 18.3 bp −$18 | 147.2 bp −$1,472 | 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 | −0.0305% | 1h | 4.8763 | −0.013% | $69K | $43K | 25x | |
| Gate ORDI_USDTlong | −0.0072% | 4h | 4.8770 | long leg | $1.2M | $2.7M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8783 | +0.026% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.602% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8795 | +0.051% | $705K | $668K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8798 | +0.057% | $4K | $420K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8764 | −0.012% | $10.0M | $34.1M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8670 | −0.205% | $4.1M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8700 | −0.144% | $5.2M | $17.8M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8790 | +0.041% | $6.6M | $3.2M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
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 ORDIUSDTM | +0.0100% | 4h | 4.8804 | +0.070% | $991K | $793K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8690 | −0.164% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8700 | −0.144% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8851 | +0.167% | $26K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8740 | −0.062% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.021% | $85K | $385K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8775 | +0.011% | $4K | $169K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0133% | 4h | 4.8830 | +0.123% | $596K | $305K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8774 | +0.008% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]