Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.043%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1021.021% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.043%, 7d avg −0.026%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.8521 | 0.0100 | pay 0.0050% / 4h | 1h 24m | $927K | $826K | 50x |
| Short | Bybit ORDIUSDT | 4.8500 | 0.0100 | get 0.0050% / 4h | 1h 24m | $4.1M | $4.2M | 50x |
KuCoin ORDIUSDTM
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.043% → −0.026%
- −$1.76
- Slippage, 4 orders
- −$79.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$103.81
- Costs to cover
- 1.021%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 50 min ago; Bybit: live order book, 4 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, 50 min ago | 7.20 bp | 33.7 bp −$34 | 922.9 bp −$9,229 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.10 bp | 23.5 bp −$23 | 71.2 bp −$712 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8514 | −0.015% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.123% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0091% | 4h | 4.8580 | +0.122% | $607K | $307K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8610 | +0.183% | $706K | $647K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8566 | +0.093% | $5K | $415K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8540 | +0.039% | $9.9M | $30.9M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.8500 | −0.043% | $4.1M | $4.2M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8510 | −0.023% | $5.3M | $16.2M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8510 | −0.023% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8550 | +0.060% | $6.9M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance 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 ORDIUSDTMlong | +0.0100% | 4h | 4.8521 | long leg | $927K | $826K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8530 | +0.019% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8530 | +0.019% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8454 | −0.138% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8500 | −0.043% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8540 | +0.039% | $88K | $362K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8530 | +0.019% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8538 | +0.036% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2959% | 1h | 4.8677 | +0.322% | $66K | $42K | 25x | 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]
Kraken Futures PF_ORDIUSD