Funding you earn now, next payment 05:00 UTC+0.0800%/8h= +87.6% APRpaid last 24h −3.332%
Price spread now: BingX against Kraken Futures+0.007%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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.4989 | −0.0730 | get 0.0091% / 1h | 8m 11s | $9K | $12K | 10x |
| Short | BingX ORCA-USDT | 1.4990 | 0.0070 | get 0.0035% / 4h | 3h 08m | — | $6.6M | — |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- $167.92
- Price spread: +0.007% → 0.000%
- $0.74
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $148.66
- Costs to cover
- 0.200%
- Break-even
- 0.8 days
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 14 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 14 min ago | 9.98 bp | 24.5 bp −$24 | 63.2 bp −$632 | 607.3 bp −$60.7K | 1230.3 bp −$615.1K |
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_ORCAUSDlong | −0.0730% | 1h | 1.4989 | long leg | $9K | $12K | 10x | |
| BloFin ORCA-USDT | +0.0048% | 4h | 1.4990 | +0.007% | $225K | $60K | 50x | as long as short |
| BingX ORCA-USDTshort | +0.0070% | 4h | 1.4990 | +0.007% | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5010 | +0.141% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4990 | +0.007% | $3.4M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5018 | +0.194% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4990 | +0.007% | $696K | $125K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5023 | +0.228% | $584K | $199K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4990 | +0.007% | $662K | $645K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4986 | −0.021% | $2K | $105K | 5x | as long as short |
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0128% | 4h | 1.4980 | −0.059% | $2.0M | $1.5M | 25x | as long as short |
| Variational Omni ORCA | +0.0269% | 4h | 1.5000 | +0.072% | $29K | $10K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA