Funding you earn now, next payment 01:00 UTC+0.0509%/8h= +55.7% APRpaid last 24h −5.069%
Price spread now: Gate against Kraken Futures−0.057%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
Funding pays, the price is against you. Gate is 0.057% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.5220 | −0.0409 | get 0.0051% / 1h | 17m 18s | $9K | $14K | 10x |
| Short | Gate ORCA_USDT | 1.5211 | 0.0100 | get 0.0050% / 4h | 3h 17m | $128K | $47K | 25x |
Kraken Futures PF_ORCAUSD
Gate ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $106.79
- Price spread: −0.057% → 0.000%
- −$5.72
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $76.07
- Costs to cover
- 0.250%
- Break-even
- 2.0 days
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 48 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 Gate live order book, 48 min ago | 13.90 bp | 41.9 bp −$42 | doesn't fit | 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 | −0.0409% | 1h | 1.5220 | long leg | $9K | $14K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5200 | −0.130% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5212 | −0.051% | $45K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5220 | +0.002% | $3.5M | $5.6M | 50x | as long as short |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.5211 | −0.057% | $128K | $47K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5220 | +0.002% | $705K | $142K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5236 | +0.107% | $593K | $209K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5210 | −0.064% | $676K | $595K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5216 | −0.024% | $2K | $122K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0134% | 4h | 1.5170 | −0.327% | $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 | 1.5197 | −0.149% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.0966% | 4h | 1.5186 | −0.218% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA