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: Bybit against KuCoin−0.190%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1311.313% of the position
Funding, last 7 days−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.190%, 7d avg −0.026%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.164% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.9554 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $976K | $854K | 50x |
| Short | Bybit ORDIUSDT | 4.9460 | 0.0100 | get 0.0050% / 4h | 3h 42m | $4.2M | $4.6M | 50x |
KuCoin ORDIUSDTM
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.190% → −0.026%
- −$16.42
- Slippage, 4 orders
- −$108.3
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$147.72
- Costs to cover
- 1.313%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 5 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, 2 min ago | 11.38 bp | 49.6 bp −$50 | 1057.7 bp −$10.6K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.04 bp | 24.8 bp −$25 | 74.7 bp −$747 | doesn't fit | 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 | −0.0566% | 1h | 4.9604 | +0.100% | $73K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0080% | 4h | 4.9530 | −0.048% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9520 | −0.068% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −8.080% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0068% | 4h | 4.9650 | +0.194% | $607K | $311K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9553 | −0.002% | $713K | $661K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9605 | +0.102% | $11K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9500 | −0.109% | $10.1M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.9460 | −0.190% | $4.2M | $4.6M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9460 | −0.190% | $5.3M | $17.8M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance 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 | 4.9490 | −0.129% | $6.9M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.9554 | long leg | $976K | $854K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9500 | −0.109% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9560 | +0.012% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9611 | +0.116% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9550 | −0.008% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9610 | +0.113% | $83K | $410K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9509 | −0.090% | $3K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9621 | +0.135% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]