Funding you earn now, next payment 06:00 UTC+0.0821%/8h= +89.9% APRpaid last 24h −0.198%
Price spread now: Binance against Kraken Futures+0.052%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+0.690%+$69 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 +$25 a day on $10k at the current rate, and Binance is 0.052% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORDIUSD | 4.8416 | −0.0721 | get 0.0090% / 1h | 24m 19s | $69K | $47K | 25x |
| Short | Binance ORDIUSDT | 4.8442 | 0.0100 | get 0.0050% / 4h | 2h 24m | $9.8M | $34.4M | 50x |
Kraken Futures PF_ORDIUSD
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $172.35
- Price spread: +0.052% → 0.000%
- $5.22
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $157.57
- Costs to cover
- 0.200%
- Break-even
- 0.6 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 2 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 2.07 bp | 12.7 bp −$13 | 30.8 bp −$308 | 302.4 bp −$30.2K | doesn't fit |
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_ORDIUSDlong | −0.0721% | 1h | 4.8416 | long leg | $69K | $47K | 25x | |
| Gate ORDI_USDT | −0.0108% | 4h | 4.8380 | −0.075% | $1.2M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8321 | −0.196% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.920% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0072% | 4h | 4.8320 | −0.199% | $591K | $305K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8456 | +0.082% | $699K | $666K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8413 | −0.007% | $7K | $429K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8442 | +0.052% | $9.8M | $34.4M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8380 | −0.075% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8420 | +0.008% | $5.2M | $18.0M | 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 | 4.8440 | +0.049% | $6.4M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8386 | −0.063% | $966K | $831K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8420 | +0.008% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8390 | −0.054% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8187 | −0.474% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8380 | −0.075% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8280 | −0.282% | $84K | $441K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8429 | +0.026% | $2K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8392 | −0.051% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]