Funding you earn now, next payment 23:00 UTC+0.2860%/8h= +313.2% APRpaid last 24h +0.028%
Price spread now: Kraken Futures against Bitget+0.226%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−1.026%−$103 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 +$86 a day on $10k at the current rate, and Kraken Futures is 0.226% dearer against Bitget than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −1.026%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.026% in total (about -53.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8550 | 0.0100 | pay 0.0050% / 4h | 1h 46m | $2.9M | $3.0M | 50x |
| Short | Kraken Futures PF_ORDIUSD | 4.8660 | 0.2960 | get 0.0370% / 1h | 46m 47s | $66K | $42K | 25x |
Bitget ORDIUSDT
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $600.69
- Price spread: +0.226% → 0.000%
- $22.61
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $601.3
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 1 min ago; Kraken Futures: no order-book sample. 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 Bitget live order book, 1 min ago | 2.06 bp | 11.9 bp −$12 | 34.3 bp −$343 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8541 | −0.018% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.179% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0083% | 4h | 4.8540 | −0.021% | $601K | $299K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8628 | +0.161% | $707K | $645K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8539 | −0.023% | $5K | $415K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8560 | +0.021% | $9.9M | $30.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8500 | −0.103% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8530 | −0.041% | $5.3M | $16.2M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8530 | −0.041% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8540 | −0.021% | $7.0M | $3.2M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
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 ORDIUSDTM | +0.0100% | 4h | 4.8531 | −0.039% | $928K | $823K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.8550 | long leg | $2.9M | $3.0M | 50x | |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8540 | −0.021% | — | $24.5M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8536 | −0.029% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8520 | −0.062% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8550 | 0.000% | $88K | $363K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8538 | −0.024% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.8516 | −0.070% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDshort | +0.2960% | 1h | 4.8660 | +0.226% | $66K | $42K | 25x |
KuCoin ORDIUSDTM
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]