Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.089%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1051.047% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.089%, 7d avg +0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.096% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.8363 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $1.0M | $775K | 50x |
| Short | BingX ORDI-USDT | 4.8320 | 0.0100 | get 0.0050% / 4h | 2h 55m | — | $26.9M | — |
KuCoin ORDIUSDTM
BingX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.089% → +0.007%
- −$9.56
- Slippage, 4 orders
- −$82.66
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$114.22
- Costs to cover
- 1.047%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; BingX: live order book, 8 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, 9 min ago | 6.95 bp | 58.1 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 1.02 bp | 7.3 bp −$7 | 16.0 bp −$160 | 51.4 bp −$5,144 | 359.3 bp −$179.7K |
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 | −0.0424% | 1h | 4.8242 | −0.251% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8375 | +0.024% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.816% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8421 | +0.120% | $697K | $642K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8356 | −0.014% | $10K | $290K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8334 | −0.060% | $9.8M | $33.1M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8310 | −0.110% | $4.0M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8300 | −0.130% | $5.2M | $17.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8300 | −0.130% | $1.2M | $2.5M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8340 | −0.048% | $6.7M | $3.1M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.8363 | long leg | $1.0M | $775K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8290 | −0.151% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDTshort | +0.0100% | 4h | 4.8320 | −0.089% | — | $26.9M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8546 | +0.377% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8260 | −0.213% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8570 | +0.428% | $84K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8323 | −0.082% | $7K | $228K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0104% | 4h | 4.8660 | +0.614% | $586K | $296K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8316 | −0.098% | $8K | — | 100x | 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]