Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.028%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.342%−$34 · spread now +0.028%, 7d avg +0.031%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.8486 | 0.0100 | pay 0.0050% / 4h | 1h 02m | $969K | $880K | 50x |
| Short | Binance ORDIUSDT | 4.8500 | 0.0100 | get 0.0050% / 4h | 1h 02m | $9.9M | $33.7M | 50x |
KuCoin ORDIUSDTM
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $0
- Price spread: +0.028% → +0.031%
- −$0.28
- Slippage, 4 orders
- −$62.59
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$84.86
- Costs to cover
- 0.846%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 52 min ago; Binance: live order book, 9 min ago.
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 KuCoin live order book, 52 min ago | 7.87 bp | 30.6 bp −$31 | 1004.8 bp −$10.0K | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.02 bp | 10.3 bp −$10 | 25.6 bp −$256 | 314.5 bp −$31.5K | doesn't fit |
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_ORDIUSD | −0.0353% | 1h | 4.8469 | −0.035% | $71K | $45K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8438 | −0.098% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.055% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8513 | +0.056% | $14K | $429K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8500 | +0.028% | $9.9M | $33.7M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8480 | −0.012% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8460 | −0.054% | $5.2M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8480 | −0.012% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8490 | +0.008% | $6.8M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.8486 | long leg | $969K | $880K | 50x |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8480 | −0.012% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8460 | −0.054% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8436 | −0.104% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8420 | −0.136% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8430 | −0.115% | $80K | $395K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8478 | −0.017% | $5K | $190K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0150% | 4h | 4.8500 | +0.029% | $608K | $303K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8478 | −0.017% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0292% | 1h | 4.8586 | +0.206% | $699K | $662K | 3x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI