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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 00:00 UTC−0.0542%/8h= −59.3% APRpaid last 24h +5.210%
Price spread now: Kraken Futures against Bitget+0.041%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BitgetShort 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 0.041% dearer against Bitget than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 6 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ORCAUSDT1.50800.0100pay 0.0050% / 4h28m 21s$698K$556K25x
ShortKraken Futures PF_ORCAUSD1.5086−0.0442pay 0.0055% / 1h28m 21s$9K$14K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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
−$113.76
Price spread: +0.041% → 0.000%
$4.14
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$131.63
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 47 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 Bitget live order book, 47 min ago6.64 bp25.4 bp −$2596.4 bp −$964doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSDshort−0.0442%1h1.5086+0.041%$9K$14K10x
BingX ORCA-USDT+0.0070%4h1.5070−0.066%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.5094+0.096%$44K$44K5xas long as short
Binance ORCAUSDT+0.0100%4h1.50800.000%$3.5M$5.5M50xas long as short
Gate ORCA_USDT+0.0100%4h1.5101+0.139%$127K$46K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5090+0.066%$703K$140K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.5114+0.225%$581K$207K30xas long as short
Bitget ORCAUSDTlong+0.0100%4h1.5080long leg$698K$556K25x
Extended ORCA-USD+0.0104%1h1.5079−0.004%$3K$155K5xas long as short
BloFin ORCA-USDT+0.0126%4h1.5060−0.133%$228K$59K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ORCAUSDT+0.1205%4h1.5052−0.186%$2.1M$1.4M25xas long as short
Variational Omni ORCA+0.1512%4h1.5047−0.220%$28K$12K—as long as short