Funding you earn now, next payment 01:00 UTC−0.0509%/8h= −55.7% APRpaid last 24h +5.069%
Price spread now: Kraken Futures against Gate+0.057%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 pays, funding is against you. Kraken Futures is 0.057% dearer against Gate than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCA_USDT | 1.5211 | 0.0100 | pay 0.0050% / 4h | 3h 16m | $128K | $47K | 25x |
| Short | Kraken Futures PF_ORCAUSD | 1.5220 | −0.0409 | pay 0.0051% / 1h | 16m 50s | $9K | $14K | 10x |
Gate ORCA_USDT
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$106.79
- Price spread: +0.057% → 0.000%
- $5.73
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$126.06
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 48 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 Gate live order book, 48 min ago | 13.90 bp | 53.8 bp −$54 | doesn't fit | 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 | −0.0409% | 1h | 1.5220 | +0.057% | $9K | $14K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5210 | −0.007% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5222 | +0.073% | $45K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5229 | +0.119% | $3.5M | $5.6M | 50x | as long as short |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.5211 | long leg | $128K | $47K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5220 | +0.059% | $705K | $142K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5253 | +0.276% | $590K | $209K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5220 | +0.059% | $677K | $595K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5225 | +0.093% | $2K | $122K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0134% | 4h | 1.5170 | −0.270% | $227K | $60K | 50x | as long as short |
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0234% | 4h | 1.5201 | −0.066% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.0966% | 4h | 1.5186 | −0.161% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA