Funding you earn now, next payment 02:00 UTC−0.2978%/8h= −326.1% APRpaid last 24h −0.193%
Price spread now: BingX against Kraken Futures+0.262%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+0.866%+$87 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BingX is 0.262% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.262% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$89 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.866%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.866% in total (about 45.2% 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 | Kraken Futures PF_ORDIUSD | 4.8593 | 0.3078 | pay 0.0385% / 1h | 39m 34s | $71K | $49K | 25x |
| Short | BingX ORDI-USDT | 4.8720 | 0.0100 | get 0.0050% / 4h | 2h 39m | — | $27.3M | — |
Kraken Futures PF_ORDIUSD
BingX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$625.33
- Price spread: +0.262% → 0.000%
- $26.17
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$619.15
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 4 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 4 min ago | 1.02 bp | 7.6 bp −$8 | 13.5 bp −$135 | 39.7 bp −$3,971 | 316.5 bp −$158.3K |
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 | 4.8695 | +0.211% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.262% | $776 | $20K | 5.5x | as long as short |
| Gate ORDI_USDT | +0.0078% | 4h | 4.8730 | +0.282% | $1.3M | $2.7M | 50x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8864 | +0.558% | $706K | $661K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8706 | +0.233% | $8K | $422K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8767 | +0.358% | $10.0M | $33.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8790 | +0.406% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8810 | +0.447% | $5.2M | $17.4M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8750 | +0.323% | $7.0M | $3.5M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8682 | +0.184% | $907K | $885K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Gate ORDI_USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8800 | +0.426% | $2.9M | $3.4M | 50x | as long as short |
| BingX ORDI-USDTshort | +0.0100% | 4h | 4.8720 | +0.262% | — | $27.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8767 | +0.359% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8560 | −0.068% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8670 | +0.159% | $88K | $356K | 75x | as long as short |
| BloFin ORDI-USDT | +0.0100% | 4h | 4.9110 | +1.064% | $610K | $314K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8738 | +0.300% | $5K | $193K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8541 | −0.106% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDlong | +0.3078% | 1h | 4.8593 | long leg | $71K | $49K | 25x |
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]