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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 12:00 UTC−0.0490%/8h= −53.7% APRpaid last 24h +0.285%
Price spread now: Kraken Futures against BloFin+0.171%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BloFinShort 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 0.171% dearer against BloFin than usual: you sell high and buy low (spread +0.171% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 28 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ORCA-USDT1.48700.0047pay 0.0023% / 4h10m 22s$220K$56K50x
ShortKraken Futures PF_ORCAUSD1.4895−0.0443pay 0.0055% / 1h10m 22s$9K$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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
−$102.95
Price spread: +0.171% → 0.000%
$17.11
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$107.85
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 23 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 BloFin live order book, 23 min ago3.37 bp16.5 bp −$1750.1 bp −$501534.0 bp −$53.4Kdoesn'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 exchanges

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−0.0443%1h1.4895+0.171%$9K$5K10x
BloFin ORCA-USDTlong+0.0047%4h1.4870long leg$220K$56K50x
BingX ORCA-USDT+0.0070%4h1.4880+0.067%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.4890+0.138%$46K$16K5xas long as short
Binance ORCAUSDT+0.0100%4h1.4880+0.067%$3.4M$5.0M50xas long as short
Bybit ORCAUSDT+0.0100%4h1.4888+0.121%$2.0M$1.5M25xas long as short
Gate ORCA_USDT+0.0100%4h1.4914+0.296%$143K$53K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.4880+0.067%$685K$118K20xas long as short
Bitget ORCAUSDT+0.0100%4h1.4890+0.134%$703K$676K25xas long as short
Variational Omni ORCA+0.0100%4h1.4880+0.070%$30K$13K—as long as short
Show all 12 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended ORCA-USD+0.0104%1h1.4875+0.035%$3K$215K5xas long as short
KuCoin ORCAUSDTM+0.0462%4h1.4905+0.235%$539K$202K30xas long as short