Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ORCA

all ORCA markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC+0.2687%/8h= +294.2% APRpaid last 24h −5.412%
Price spread now: Variational Omni against Kraken Futures−0.042%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 1 hour of funding at the current rate (+$81 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ORCAUSD1.5105−0.0790get 0.0099% / 1h34m 08s$9K$15K10x
ShortVariational Omni ORCA1.50980.1897get 0.0949% / 4h2h 34m$29K$11K—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$564.26
Price spread: −0.042% → 0.000%
−$4.2
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$550.06
Costs to cover
0.100%
Break-even
0.2 days
Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Variational Omni no order-book sample—————
Kraken Futures and Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSDlong−0.0790%1h1.5105long leg$9K$15K10x
BingX ORCA-USDT+0.0070%4h1.5100−0.032%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.5097−0.053%$44K$44K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5094−0.073%$3.5M$5.3M50xas long as short
Gate ORCA_USDT+0.0100%4h1.5092−0.085%$126K$46K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5090−0.098%$691K$146K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.5108+0.021%$577K$204K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.5090−0.098%$707K$507K25xas long as short
Extended ORCA-USD+0.0104%1h1.5095−0.065%$3K$155K5xas long as short
BloFin ORCA-USDT+0.0105%4h1.5120+0.101%$234K$58K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ORCAshort+0.1897%4h1.5098−0.042%$29K$11K—
Bybit ORCAUSDT+0.1920%4h1.5078−0.178%$2.1M$1.3M25xas long as short