Funding you earn now, next payment 21:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h −0.019%
Price spread now: Kraken Futures against Gate+0.387%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−0.988%−$99 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 +$16 a day on $10k at the current rate, and Kraken Futures is 0.387% dearer against Gate than usual: you sell high and buy low: +$39 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 −0.988%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.9010 | 0.0028 | pay 0.0014% / 4h | 3h 30m | $1.3M | $2.7M | 50x |
| Short | Kraken Futures PF_ORDIUSD | 4.9200 | 0.0568 | get 0.0071% / 1h | 30m 54s | $66K | $42K | 25x |
Gate ORDI_USDT
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $113.31
- Price spread: +0.387% → 0.000%
- $38.7
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $127.01
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago | 2.05 bp | 16.6 bp −$17 | 119.8 bp −$1,198 | 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 | 4.9054 | +0.090% | $34K | $651 | 5x | as long as short |
| Gate ORDI_USDTlong | +0.0028% | 4h | 4.9010 | long leg | $1.3M | $2.7M | 50x | |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.060% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9078 | +0.139% | $5K | $416K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9090 | +0.164% | $10.1M | $30.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9040 | +0.061% | $4.1M | $4.0M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9050 | +0.082% | $5.4M | $16.1M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9100 | +0.184% | $7.1M | $3.2M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9042 | +0.065% | $914K | $821K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9070 | +0.122% | $2.9M | $2.9M | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ORDI-USDT | +0.0100% | 4h | 4.9060 | +0.102% | — | $24.5M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8906 | −0.213% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9000 | −0.020% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9040 | +0.061% | $85K | $352K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9083 | +0.148% | $5K | $172K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0148% | 4h | 4.9050 | +0.082% | $616K | $287K | 75x | as long as short |
| Hyperliquid ORDI | +0.0233% | 1h | 4.9150 | +0.286% | $911K | $534K | 3x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9077 | +0.137% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDshort | +0.0568% | 1h | 4.9200 | +0.387% | $66K | $42K | 25x |
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
Hyperliquid ORDI
GMX ORDI/USD [WBTC.b-USDC]