Funding you earn now, next payment 04:00 UTC+0.0475%/8h= +52.1% APRpaid last 24h −0.218%
Price spread now: BingX against Kraken Futures+0.020%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+0.783%+$78 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 +$14 a day on $10k at the current rate, and BingX is 0.020% dearer against Kraken Futures than usual: you sell high and buy low: +$2 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 | 4.8360 | −0.0375 | get 0.0047% / 1h | 35m 36s | $71K | $44K | 25x |
| Short | BingX ORDI-USDC | 4.8370 | 0.0100 | get 0.0050% / 4h | 35m 36s | — | $2.3M | — |
Kraken Futures PF_ORDIUSD
BingX ORDI-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $99.85
- Price spread: +0.020% → 0.000%
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $81.85
- Costs to cover
- 0.200%
- Break-even
- 1.3 days
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 12 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 BingX live order book, 12 min ago | 2.07 bp | 25.4 bp −$25 | 123.2 bp −$1,232 | 465.7 bp −$46.6K | 710.8 bp −$355.4K |
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 | −0.0375% | 1h | 4.8360 | long leg | $71K | $44K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8396 | +0.074% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.811% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8411 | +0.104% | $14K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8470 | +0.227% | $9.9M | $33.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8420 | +0.123% | $4.1M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8460 | +0.206% | $5.2M | $17.3M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8430 | +0.144% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8460 | +0.206% | $6.8M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8394 | +0.070% | $966K | $876K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
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 | 4.8440 | +0.165% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDCshort | +0.0100% | 4h | 4.8370 | +0.020% | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8317 | −0.091% | $24K | $53K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8300 | −0.125% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8380 | +0.041% | $81K | $402K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8467 | +0.221% | $2K | $188K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0131% | 4h | 4.8500 | +0.289% | $597K | $304K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8325 | −0.073% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0515% | 1h | 4.8547 | +0.386% | $699K | $660K | 3x | as long as short |
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI