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Funding arb · Price arb /

ORCA

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC−0.0860%/8h= −94.1% APRpaid last 24h +5.534%
Price spread now: Kraken Futures against BingX+0.098%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BingXShort on Kraken Futures
What this pair did over the last
the charts below follow
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 pays, funding is against you. Kraken Futures is 0.098% dearer against BingX than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 9 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ORCA-USDT1.50900.0070pay 0.0035% / 4h2h 34m—$6.6M—
ShortKraken Futures PF_ORCAUSD1.5105−0.0790pay 0.0099% / 1h34m 11s$9K$15K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$180.52
Price spread: +0.098% → 0.000%
$9.82
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$190.71
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 8 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago6.62 bp19.8 bp −$2064.2 bp −$642674.9 bp −$67.5K1203.5 bp −$601.7K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSDshort−0.0790%1h1.5105+0.098%$9K$15K10x
BingX ORCA-USDTlong+0.0070%4h1.5090long leg—$6.6M—
Aster ORCAUSDT+0.0100%4h1.5095+0.033%$44K$44K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5097+0.045%$3.5M$5.3M50xas long as short
Gate ORCA_USDT+0.0100%4h1.5092+0.013%$126K$46K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.50900.000%$691K$146K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.5108+0.119%$577K$204K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.50900.000%$707K$507K25xas long as short
Extended ORCA-USD+0.0104%1h1.5095+0.033%$3K$155K5xas long as short
BloFin ORCA-USDT+0.0105%4h1.5120+0.199%$234K$58K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ORCA+0.1897%4h1.5098+0.056%$29K$11K—as long as short
Bybit ORCAUSDT+0.1920%4h1.5078−0.080%$2.1M$1.3M25xas long as short