Funding you earn now, next payment 05:00 UTC−0.0678%/8h= −74.2% APRnext payment −$0.85 per $10,000 · paid last 24h +0.210%
Price spread now: Kraken Futures against Extended−0.111%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.713%−$71 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Kraken Futures is 0.111% cheaper against Extended than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORDI-USD | 4.8958 | 0.0104 | pay 0.0013% / 1h | 7m 11s | $4K | $180K | 5x |
| Short | Kraken Futures PF_ORDIUSD | 4.8903 | −0.0574 | pay 0.0072% / 1h | 7m 11s | $72K | $43K | 25x |
Extended ORDI-USD
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$142.34
- Price spread: −0.111% → 0.000%
- −$11.11
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$168.45
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 44 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 Extended live order book, 44 min ago | 2.21 bp | 17.4 bp −$17 | 128.1 bp −$1,281 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSDshort | −0.0574% | 1h | 4.8903 | −0.111% | $72K | $43K | 25x | |
| Gate ORDI_USDT | −0.0514% | 4h | 4.8920 | −0.077% | $1.3M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8922 | −0.073% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.960% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0045% | 4h | 4.8950 | −0.015% | $600K | $307K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9020 | +0.128% | $707K | $664K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8990 | +0.066% | $5K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8966 | +0.017% | $10.0M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8900 | −0.118% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8930 | −0.056% | $5.2M | $17.7M | 20x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit 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 | 4.8980 | +0.046% | $6.6M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8952 | −0.011% | $967K | $834K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8950 | −0.015% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8930 | −0.056% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9021 | +0.130% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8910 | −0.097% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8840 | −0.240% | $82K | $408K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.8958 | long leg | $4K | $180K | 5x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.8913 | −0.092% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]