Funding you earn now, next payment 07:00 UTC+0.0641%/8h= +70.2% APRpaid last 24h −0.187%
Price spread now: Bybit against Kraken Futures+0.049%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+0.646%+$65 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 +$19 a day on $10k at the current rate, and Bybit is 0.049% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORDIUSD | 4.9026 | −0.0541 | get 0.0068% / 1h | 17m 50s | $70K | $44K | 25x |
| Short | Bybit ORDIUSDT | 4.9050 | 0.0100 | get 0.0050% / 4h | 1h 17m | $4.1M | $4.7M | 50x |
Kraken Futures PF_ORDIUSD
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $134.61
- Price spread: +0.049% → 0.000%
- $4.95
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $118.56
- Costs to cover
- 0.210%
- Break-even
- 0.8 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 3.07 bp | 21.7 bp −$22 | 64.0 bp −$640 | 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 | −0.0541% | 1h | 4.9026 | long leg | $70K | $44K | 25x | |
| Gate ORDI_USDT | −0.0076% | 4h | 4.9040 | +0.029% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8937 | −0.181% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.090% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9147 | +0.247% | $709K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9054 | +0.058% | $4K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9093 | +0.137% | $10.0M | $34.5M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.9050 | +0.049% | $4.1M | $4.7M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9040 | +0.029% | $5.2M | $18.1M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9080 | +0.111% | $6.6M | $3.3M | 200x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.9041 | +0.031% | $996K | $820K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9050 | +0.049% | $2.8M | $3.6M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9040 | +0.029% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8936 | −0.182% | $26K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9010 | −0.032% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9050 | +0.049% | $85K | $430K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9070 | +0.090% | $3K | $159K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0110% | 4h | 4.9040 | +0.029% | $596K | $313K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9045 | +0.039% | $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
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]