Funding you earn now, next payment 10:00 UTC+0.0529%/8h= +58.0% APRpaid last 24h −0.172%
Price spread now: BloFin against Kraken Futures+0.242%117s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.666%+$67 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 BloFin is 0.242% dearer against Kraken Futures than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORDIUSD | 4.8702 | −0.0420 | get 0.0052% / 1h | 57m 18s | $69K | $43K | 25x |
| Short | BloFin ORDI-USDT | 4.8820 | 0.0110 | get 0.0055% / 4h | 2h 57m | $588K | $297K | 75x |
Kraken Futures PF_ORDIUSD
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $111.16
- Price spread: +0.242% → 0.000%
- $24.22
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $113.38
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 14 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 BloFin live order book, 14 min ago | 1.02 bp | 14.4 bp −$14 | 26.7 bp −$267 | doesn't fit | doesn't fit |
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_ORDIUSDlong | −0.0420% | 1h | 4.8702 | long leg | $69K | $43K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8611 | −0.186% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.472% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8774 | +0.148% | $703K | $641K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8736 | +0.070% | $10K | $344K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8736 | +0.071% | $9.9M | $33.1M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8680 | −0.045% | $4.0M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8700 | −0.004% | $5.2M | $17.6M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8710 | +0.016% | $1.2M | $2.5M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8740 | +0.078% | $6.8M | $3.1M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
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 | 4.8653 | −0.101% | $1.0M | $782K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8710 | +0.016% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8720 | +0.037% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8771 | +0.142% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8570 | −0.271% | $2K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8650 | −0.107% | $84K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8722 | +0.042% | $2K | $223K | 5x | as long as short |
| BloFin ORDI-USDTshort | +0.0110% | 4h | 4.8820 | +0.242% | $588K | $297K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8831 | +0.265% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]