Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.31 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against KuCoin+0.033%7-day average −0.019% · 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−$97as in the Price arb table
costs, in and out, $10k−$1031.025% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.033%, 7d avg −0.019%
=The price spread pays, funding is against you. Gate is 0.052% dearer against KuCoin than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.019%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.041% in total) that is about 8.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.8784 | 0.0100 | pay 0.0050% / 4h | 10m 36s | $1.0M | $794K | 50x |
| Short | Gate ORDI_USDT | 4.8800 | 0.0038 | get 0.0019% / 4h | 10m 36s | $1.2M | $2.7M | 50x |
KuCoin ORDIUSDTM
Gate ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$13.02
- Price spread: +0.033% → −0.019%
- $5.21
- Slippage, 4 orders
- −$75.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$110.32
- Costs to cover
- 1.025%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 2 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, 4 min ago | 6.24 bp | 36.2 bp −$36 | 1066.9 bp −$10.7K | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.05 bp | 17.9 bp −$18 | 73.5 bp −$735 | 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 | −0.0305% | 1h | 4.8755 | −0.059% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8762 | −0.045% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.629% | $776 | $20K | 5.5x | as long as short |
| Gate ORDI_USDTshort | +0.0038% | 4h | 4.8800 | +0.033% | $1.2M | $2.7M | 50x | |
| BloFin ORDI-USDT | +0.0041% | 4h | 4.8790 | +0.012% | $593K | $308K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8839 | +0.113% | $705K | $668K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8860 | +0.156% | $10K | $347K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8870 | +0.175% | $10.0M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8810 | +0.053% | $4.1M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8890 | +0.217% | $5.2M | $17.7M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
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 | 4.8850 | +0.135% | $6.6M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.8784 | long leg | $1.0M | $794K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8900 | +0.238% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8840 | +0.115% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8744 | −0.082% | $26K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8740 | −0.090% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8750 | −0.070% | $85K | $338K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8853 | +0.140% | $2K | $222K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8767 | −0.034% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]