Funding you earn now, next payment 04:00 UTC+0.0471%/8h= +51.5% APRpaid last 24h −0.218%
Price spread now: KuCoin against Kraken Futures−0.032%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.758%+$76 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. KuCoin is 0.032% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). The two prices were read 52 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 | 4.9000 | −0.0371 | get 0.0046% / 1h | 7m 25s | $72K | $44K | 25x |
| Short | KuCoin ORDIUSDTM | 4.8984 | 0.0100 | get 0.0050% / 4h | 7m 25s | $977K | $855K | 50x |
Kraken Futures PF_ORDIUSD
KuCoin ORDIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $98.82
- Price spread: −0.032% → 0.000%
- −$3.17
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $73.65
- Costs to cover
- 0.220%
- Break-even
- 1.8 days
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 42 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 KuCoin live order book, 42 min ago | 9.84 bp | 30.5 bp −$30 | 560.2 bp −$5,602 | 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 | −0.0371% | 1h | 4.9000 | long leg | $72K | $44K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9001 | +0.003% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.040% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0045% | 4h | 4.9110 | +0.225% | $606K | $307K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9010 | +0.022% | $14K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8974 | −0.053% | $10.0M | $33.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8950 | −0.101% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8980 | −0.040% | $5.3M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8960 | −0.081% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8970 | −0.060% | $6.8M | $3.4M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
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 ORDIUSDTMshort | +0.0100% | 4h | 4.8984 | −0.032% | $977K | $855K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8960 | −0.081% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9030 | +0.062% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8936 | −0.130% | $24K | $49K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9010 | +0.021% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9030 | +0.062% | $82K | $409K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9011 | +0.024% | $2K | $183K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8956 | −0.090% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0293% | 1h | 4.9041 | +0.085% | $706K | $660K | 3x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI