Funding you earn now, next payment 02:00 UTC−0.0581%/8h= −63.6% APRpaid last 24h +4.573%
Price spread now: Kraken Futures against Binance+0.015%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$17 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5106 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $3.4M | $5.7M | 50x |
| Short | Kraken Futures PF_ORCAUSD | 1.5108 | −0.0481 | pay 0.0060% / 1h | 49m 40s | $9K | $14K | 10x |
Binance ORCAUSDT
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$122.01
- Price spread: +0.015% → 0.000%
- $1.46
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$140.55
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 3 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 Binance live order book, 3 min ago | 3.31 bp | 20.7 bp −$21 | 84.2 bp −$842 | 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.
ORCA on 12 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_ORCAUSDshort | −0.0481% | 1h | 1.5108 | +0.015% | $9K | $14K | 10x | |
| BloFin ORCA-USDT | +0.0048% | 4h | 1.5070 | −0.235% | $229K | $59K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5090 | −0.103% | — | $6.6M | — | as long as short |
| Gate ORCA_USDT | +0.0082% | 4h | 1.5089 | −0.110% | $126K | $45K | 25x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5129 | +0.158% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5106 | long leg | $3.4M | $5.7M | 50x | |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5099 | −0.043% | $2.1M | $1.5M | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5110 | +0.029% | $704K | $129K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5100 | −0.037% | $671K | $605K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5106 | +0.004% | $6K | $128K | 5x | as long as short |
BloFin ORCA-USDT
BingX ORCA-USDT
Gate ORCA_USDT
Aster ORCAUSDT
Bybit ORCAUSDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0134% | 4h | 1.5123 | +0.115% | $583K | $211K | 30x | as long as short |
| Variational Omni ORCA | +0.0603% | 4h | 1.5079 | −0.175% | $27K | $12K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA