Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h +0.016%
Price spread now: BloFin against KuCoin+0.465%110s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1081.083% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.406%−$41 · spread now +0.465%, 7d avg +0.046%
=The price spread pays, funding is against you. BloFin is 0.419% dearer against KuCoin than usual: you sell high and buy low (spread +0.465% now, against its 7-day average of +0.046%): +$42 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 days. The two prices were read 110 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 | KuCoin ORDIUSDTM | 4.9420 | 0.0100 | pay 0.0050% / 4h | 3h 41m | $974K | $851K | 50x |
| Short | BloFin ORDI-USDT | 4.9650 | 0.0068 | get 0.0034% / 4h | 3h 41m | $607K | $311K | 75x |
KuCoin ORDIUSDTM
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$6.68
- Price spread: +0.465% → +0.046%
- $41.92
- Slippage, 4 orders
- −$84.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$73.09
- Costs to cover
- 1.083%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 55 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, 3 min ago | 11.38 bp | 49.6 bp −$50 | 1057.7 bp −$10.6K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 4.13 bp | 14.3 bp −$14 | 31.2 bp −$312 | doesn't fit | 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 | −0.0569% | 1h | 4.9298 | −0.247% | $72K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0364% | 4h | 4.9390 | −0.061% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9372 | −0.098% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.831% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTshort | +0.0068% | 4h | 4.9650 | +0.465% | $607K | $311K | 75x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9460 | +0.081% | $712K | $662K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9433 | +0.027% | $11K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9438 | +0.036% | $10.1M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9400 | −0.040% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9480 | +0.121% | $5.3M | $17.8M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
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 | 4.9430 | +0.020% | $6.9M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.9420 | long leg | $974K | $851K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9390 | −0.061% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9410 | −0.020% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9611 | +0.387% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9320 | −0.202% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9370 | −0.101% | $83K | $410K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9356 | −0.130% | $3K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9419 | −0.001% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]