Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −2.251%
Price spread now: KuCoin against Kraken Futures+0.230%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. KuCoin is 0.230% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.230% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.4859 | 0.0112 | pay 0.0014% / 1h | 22m 18s | $9K | $8K | 10x |
| Short | KuCoin ORCAUSDTM | 1.4893 | 0.0100 | get 0.0050% / 4h | 22m 18s | $562K | $200K | 30x |
Kraken Futures PF_ORCAUSD
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$2.47
- Price spread: +0.230% → 0.000%
- $23.04
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1.43
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 12 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 KuCoin live order book, 12 min ago | 9.06 bp | 68.6 bp −$69 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ORCA-USDT | +0.0070% | 4h | 1.4870 | +0.076% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0087% | 4h | 1.4890 | +0.210% | $223K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4891 | +0.216% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4872 | +0.092% | $3.4M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4881 | +0.150% | $124K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4880 | +0.143% | $686K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.4893 | +0.230% | $562K | $200K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4870 | +0.076% | $672K | $660K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4868 | +0.065% | $6K | $208K | 5x | as long as short |
| Kraken Futures PF_ORCAUSDlong | +0.0112% | 1h | 1.4859 | long leg | $9K | $8K | 10x |
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0974% | 4h | 1.4859 | +0.002% | $2.0M | $1.5M | 25x | as long as short |
| Variational Omni ORCA | +0.1041% | 4h | 1.4857 | −0.010% | $28K | $9K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA