Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against KuCoin−0.065%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1231.230% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.065%, 7d avg −0.008%
=Together, before fees−0.091%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.057% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.8419 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $979K | $831K | 50x |
| Short | Extended ORDI-USD | 4.8387 | 0.0104 | get 0.0013% / 1h | 24m 04s | $2K | $180K | 5x |
KuCoin ORDIUSDTM
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.065% → −0.008%
- −$5.75
- Slippage, 4 orders
- −$105.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$127.89
- Costs to cover
- 1.230%
- Break-even
- 1072.8 days
Slippage from KuCoin: live order book, 15 min ago; Extended: live order book, 22 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, 15 min ago | 7.57 bp | 60.1 bp −$60 | 1096.4 bp −$11.0K | doesn't fit | doesn't fit |
| Sell Extended live order book, 22 min ago | 3.39 bp | 17.3 bp −$17 | 132.7 bp −$1,327 | 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 | −0.0721% | 1h | 4.8416 | −0.005% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0108% | 4h | 4.8400 | −0.039% | $1.2M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8321 | −0.202% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.925% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0072% | 4h | 4.8320 | −0.204% | $591K | $305K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8486 | +0.138% | $699K | $666K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8402 | −0.035% | $7K | $429K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8410 | −0.019% | $9.8M | $34.4M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8390 | −0.060% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8380 | −0.081% | $5.2M | $18.0M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
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 | 4.8450 | +0.064% | $6.4M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.8419 | long leg | $979K | $831K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8410 | −0.019% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8390 | −0.060% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8187 | −0.479% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8380 | −0.081% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8350 | −0.143% | $84K | $441K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.8387 | −0.065% | $2K | $180K | 5x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8392 | −0.056% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]