Funding you earn now, next payment 12:00 UTC−0.1348%/8h= −147.6% APRpaid last 24h +0.164%
Price spread now: Kraken Futures against KuCoin−0.246%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.597%−$60 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Kraken Futures is 0.246% cheaper against KuCoin than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.597% in total (about -31.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.7656 | 0.0100 | pay 0.0050% / 4h | 49m 11s | $985K | $761K | 50x |
| Short | Kraken Futures PF_ORDIUSD | 4.7539 | −0.1248 | pay 0.0156% / 1h | 49m 11s | $68K | $43K | 25x |
KuCoin ORDIUSDTM
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$283.14
- Price spread: −0.246% → 0.000%
- −$24.64
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$329.78
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 38 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 38 min ago | 7.85 bp | 27.8 bp −$28 | 1033.4 bp −$10.3K | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ORDI on 19 exchanges
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_ORDIUSDshort | −0.1248% | 1h | 4.7539 | −0.246% | $68K | $43K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.7733 | +0.161% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −4.419% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0084% | 4h | 4.7880 | +0.470% | $572K | $275K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.7794 | +0.290% | $689K | $651K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.7686 | +0.063% | $9K | $258K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.7713 | +0.120% | $9.5M | $32.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.7740 | +0.176% | $4.0M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.7790 | +0.281% | $4.9M | $17.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.7650 | −0.013% | $1.2M | $2.6M | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.7700 | +0.092% | $6.7M | $2.8M | 200x | as long as short |
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.7656 | long leg | $985K | $761K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.7650 | −0.013% | $2.7M | $3.3M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.7660 | +0.008% | — | $36.2M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.7772 | +0.244% | $25K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.7610 | −0.097% | $2K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.7560 | −0.201% | $82K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.7622 | −0.072% | $3K | $223K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.7675 | +0.041% | $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]