Funding you earn now, next payment 06:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h −3.324%
Price spread now: BloFin against Kraken Futures−0.005%7-day average — · you buy dearer than you sell
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: +$4 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 | 1.4951 | −0.0006 | get 0.0001% / 1h | 14m 47s | $9K | $10K | 10x |
| Short | BloFin ORCA-USDT | 1.4950 | 0.0138 | get 0.0069% / 4h | 2h 14m | $222K | $60K | 50x |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $30.05
- Price spread: −0.005% → 0.000%
- −$0.53
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.52
- Costs to cover
- 0.220%
- Break-even
- 5.2 days
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 66 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 BloFin live order book, 66 min ago | 6.66 bp | 18.9 bp −$19 | 42.3 bp −$423 | doesn't fit | doesn't fit |
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 | −0.0006% | 1h | 1.4951 | long leg | $9K | $10K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4930 | −0.139% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4980 | +0.195% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4960 | +0.062% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4951 | +0.001% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4950 | −0.005% | $691K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4971 | +0.135% | $583K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4960 | +0.062% | $661K | $675K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4946 | −0.031% | $3K | $105K | 5x | as long as short |
| BloFin ORCA-USDTshort | +0.0138% | 4h | 1.4950 | −0.005% | $222K | $60K | 50x |
BingX 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0481% | 4h | 1.4931 | −0.132% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0736% | 4h | 1.4962 | +0.075% | $2.0M | $1.5M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT