Funding you earn now, next payment 02:00 UTC−0.1063%/8h= −116.4% APRpaid last 24h +4.225%
Price spread now: Kraken Futures against Variational Omni+0.280%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Kraken Futures is 0.280% dearer against Variational Omni than usual: you sell high and buy low (spread +0.280% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ORCA | 1.5106 | 0.0583 | pay 0.0292% / 4h | 2h 28m | $29K | $12K | — |
| Short | Kraken Futures PF_ORCAUSD | 1.5148 | −0.0480 | pay 0.0060% / 1h | 28m 25s | $9K | $14K | 10x |
Variational Omni ORCA
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- −$223.25
- Price spread: +0.280% → 0.000%
- $27.99
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$205.26
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Variational Omni and 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 11 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_ORCAUSDshort | −0.0480% | 1h | 1.5148 | +0.280% | $9K | $14K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5130 | +0.161% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5139 | +0.218% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5121 | +0.100% | $3.4M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5116 | +0.068% | $127K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5110 | +0.029% | $704K | $130K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.161% | $682K | $612K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5126 | +0.137% | $6K | $126K | 5x | as long as short |
| KuCoin ORCAUSDTM | +0.0244% | 4h | 1.5144 | +0.254% | $582K | $208K | 30x | as long as short |
| Bybit ORCAUSDT | +0.0327% | 4h | 1.5125 | +0.128% | $2.1M | $1.5M | 25x | as long as short |
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
KuCoin ORCAUSDTM
Bybit ORCAUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCAlong | +0.0583% | 4h | 1.5106 | long leg | $29K | $12K | — |