Funding you earn now, next payment 05:00 UTC+0.0670%/8h= +73.4% APRpaid last 24h −0.212%
Price spread now: Variational Omni against Kraken Futures+0.112%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Variational Omni is 0.112% dearer against Kraken Futures than usual: you sell high and buy low: +$11 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 | 4.9216 | −0.0570 | get 0.0071% / 1h | 18m 39s | $72K | $43K | 25x |
| Short | Variational Omni ORDI | 4.9271 | 0.0100 | get 0.0050% / 4h | 3h 18m | $24K | $42K | — |
Kraken Futures PF_ORDIUSD
Variational Omni ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $140.73
- Price spread: +0.112% → 0.000%
- $11.19
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $141.93
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Kraken Futures and Variational Omni: 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 | −0.0570% | 1h | 4.9216 | long leg | $72K | $43K | 25x | |
| Gate ORDI_USDT | −0.0438% | 4h | 4.9220 | +0.008% | $1.3M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9186 | −0.061% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.449% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0050% | 4h | 4.9260 | +0.089% | $606K | $309K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9321 | +0.213% | $711K | $663K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9283 | +0.135% | $5K | $426K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9270 | +0.109% | $10.0M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9230 | +0.028% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9260 | +0.089% | $5.3M | $17.8M | 20x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9250 | +0.069% | $6.6M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9241 | +0.050% | $973K | $844K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9280 | +0.129% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9250 | +0.069% | — | $27.0M | — | as long as short |
| Variational Omni ORDIshort | +0.0100% | 4h | 4.9271 | +0.112% | $24K | $42K | — | |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9180 | −0.074% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9230 | +0.028% | $82K | $410K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9256 | +0.081% | $4K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9232 | +0.032% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]