Funding you earn now, next payment 12:00 UTC+0.1353%/8h= +148.1% APRpaid last 24h −0.165%
Price spread now: BloFin against Kraken Futures+0.125%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+0.622%+$62 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 +$41 a day on $10k at the current rate, and BloFin is 0.125% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.622% in total (about 32.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORDIUSD | 4.7850 | −0.1240 | get 0.0155% / 1h | 56m 42s | $68K | $43K | 25x |
| Short | BloFin ORDI-USDT | 4.7910 | 0.0113 | get 0.0056% / 4h | 56m 42s | $571K | $278K | 75x |
Kraken Futures PF_ORDIUSD
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $284.07
- Price spread: +0.125% → 0.000%
- $12.53
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $274.6
- Costs to cover
- 0.220%
- Break-even
- 0.2 days
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 48 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 BloFin live order book, 48 min ago | 1.04 bp | 12.1 bp −$12 | 22.4 bp −$224 | doesn't fit | 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 exchanges
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 | −0.1240% | 1h | 4.7850 | long leg | $68K | $43K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.7907 | +0.119% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −4.807% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.7981 | +0.274% | $692K | $651K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.7920 | +0.146% | $9K | $258K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.7905 | +0.116% | $9.6M | $32.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.7850 | 0.000% | $4.0M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.7880 | +0.063% | $4.9M | $17.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.7890 | +0.083% | $1.2M | $2.5M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.7910 | +0.125% | $6.7M | $2.8M | 200x | 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_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.7928 | +0.163% | $962K | $765K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.7900 | +0.104% | $2.7M | $3.4M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.7910 | +0.125% | — | $36.2M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.7942 | +0.193% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.7830 | −0.042% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.7890 | +0.083% | $82K | $353K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.7888 | +0.080% | $3K | $226K | 5x | as long as short |
| BloFin ORDI-USDTshort | +0.0113% | 4h | 4.7910 | +0.125% | $571K | $278K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.7913 | +0.131% | $8K | — | 100x | as long as short |
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]