Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.153%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1081.083% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.153%, 7d avg +0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.184% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.9075 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $997K | $829K | 50x |
| Short | Binance ORDIUSDT | 4.9000 | 0.0100 | get 0.0050% / 4h | 1h 40m | $10.0M | $34.7M | 50x |
KuCoin ORDIUSDTM
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $0
- Price spread: −0.153% → +0.031%
- −$18.42
- Slippage, 4 orders
- −$86.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$126.71
- Costs to cover
- 1.083%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 14 min ago; Binance: live order book, 2 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 KuCoin live order book, 14 min ago | 7.54 bp | 50.1 bp −$50 | 1091.2 bp −$10.9K | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.02 bp | 13.2 bp −$13 | 29.8 bp −$298 | 285.6 bp −$28.6K | 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 | −0.0542% | 1h | 4.8941 | −0.274% | $70K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0028% | 4h | 4.9060 | −0.031% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9071 | −0.008% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.183% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9057 | −0.037% | $707K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9035 | −0.082% | $3K | $432K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.9000 | −0.153% | $10.0M | $34.7M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8970 | −0.214% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8960 | −0.234% | $5.2M | $18.3M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9010 | −0.132% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster 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 ORDIUSDTMlong | +0.0100% | 4h | 4.9075 | long leg | $997K | $829K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8990 | −0.173% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9020 | −0.112% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9091 | +0.033% | $29K | $39K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8910 | −0.336% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8930 | −0.295% | $85K | $438K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9002 | −0.148% | $7K | $161K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0122% | 4h | 4.9170 | +0.194% | $605K | $315K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9005 | −0.142% | $8K | — | 100x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]