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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 03:00 UTC−0.0360%/8h= −39.5% APRnext payment −$0.45 per $10,000 · paid last 24h +4.087%
Price spread now: Kraken Futures against Extended+0.054%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort 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—+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. Kraken Futures is 0.054% dearer against Extended than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ORCA-USD1.52460.0104pay 0.0013% / 1h14m 21s$2K$130K5x
ShortKraken Futures PF_ORCAUSD1.5254−0.0256pay 0.0032% / 1h14m 21s$10K$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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
−$75.68
Price spread: +0.054% → 0.000%
$5.43
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$85.25
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 46 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 Extended live order book, 46 min ago6.51 bp34.4 bp −$34247.3 bp −$2,473doesn'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−0.0256%1h1.5254+0.054%$10K$13K10x
BingX ORCA-USDT+0.0070%4h1.5250+0.027%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.5270+0.158%$45K$39K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5241−0.035%$3.5M$5.5M50xas long as short
Gate ORCA_USDT+0.0100%4h1.5265+0.125%$128K$40K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5240−0.039%$704K$126K20xas long as short
Bitget ORCAUSDT+0.0100%4h1.5240−0.039%$679K$636K25xas long as short
Extended ORCA-USDlong+0.0104%1h1.5246long leg$2K$130K5x
BloFin ORCA-USDT+0.0143%4h1.5290+0.289%$229K$60K50xas long as short
KuCoin ORCAUSDTM+0.0218%4h1.5268+0.145%$593K$205K30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ORCAUSDT+0.0232%4h1.5232−0.092%$2.1M$1.5M25xas long as short
Variational Omni ORCA+0.0475%4h1.5256+0.066%$29K$10K—as long as short