Funding you earn now, next payment 01:00 UTC+0.0511%/8h= +56.0% APRnext payment +$0.64 per $10,000 · paid last 24h −5.067%
Price spread now: Extended against Kraken Futures+0.047%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
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Extended is 0.047% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.5260 | −0.0407 | get 0.0051% / 1h | 12m 25s | $10K | $14K | 10x |
| Short | Extended ORCA-USD | 1.5267 | 0.0104 | get 0.0013% / 1h | 12m 25s | $2K | $122K | 5x |
Kraken Futures PF_ORCAUSD
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $107.41
- Price spread: +0.047% → 0.000%
- $4.67
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $97.07
- Costs to cover
- 0.150%
- Break-even
- 0.7 days
Slippage unknown: Kraken Futures: no order-book sample; Extended: live order book, 58 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 Extended live order book, 58 min ago | 6.67 bp | 37.4 bp −$37 | 257.2 bp −$2,572 | 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 | −0.0407% | 1h | 1.5260 | long leg | $10K | $14K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5270 | +0.068% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0078% | 4h | 1.5250 | −0.063% | $227K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5268 | +0.058% | $45K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5270 | +0.068% | $3.5M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5263 | +0.023% | $128K | $47K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5270 | +0.068% | $707K | $142K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5270 | +0.068% | $680K | $583K | 25x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5267 | +0.047% | $2K | $122K | 5x | |
| KuCoin ORCAUSDTM | +0.0126% | 4h | 1.5288 | +0.186% | $591K | $207K | 30x | as long as short |
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0429% | 4h | 1.5248 | −0.076% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.0890% | 4h | 1.5213 | −0.304% | $28K | $11K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA