Funding you earn now, next payment 23:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h −5.193%
Price spread now: MEXC against Kraken Futures−0.023%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. MEXC is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.5123 | −0.0176 | get 0.0022% / 1h | 29m 44s | $9K | $14K | 10x |
| Short | MEXC ORCA_USDT | 1.5120 | 0.0100 | get 0.0050% / 4h | 1h 29m | $705K | $144K | 20x |
Kraken Futures PF_ORCAUSD
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $57.99
- Price spread: −0.023% → 0.000%
- −$2.29
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $41.7
- Costs to cover
- 0.140%
- Break-even
- 2.0 days
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 46 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 MEXC live order book, 46 min ago | 3.32 bp | 10.9 bp −$11 | 37.2 bp −$372 | 354.0 bp −$35.4K | 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 | −0.0176% | 1h | 1.5123 | long leg | $9K | $14K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5110 | −0.089% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5125 | +0.011% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5121 | −0.018% | $3.5M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5107 | −0.109% | $127K | $46K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5120 | −0.023% | $705K | $144K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5148 | +0.162% | $581K | $206K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5120 | −0.023% | $691K | $534K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5118 | −0.038% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0119% | 4h | 1.5120 | −0.023% | $231K | $58K | 50x | as long as short |
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate 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 | +0.1577% | 4h | 1.5086 | −0.248% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1825% | 4h | 1.5081 | −0.280% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA