Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 71.592 | +0.3016 | pay 0.0377% / 1h | 48m 10s | $1.1M | $2.1M | 20x | Long Kraken Futures | |
| SHORT | 71.520 | +0.0100 | get 0.0100% / 8h | 2h 48m | $13K | $94K | 10x | Short Orderly |
Price gap−0.101%
Funding gap−0.2916% /8h
Both sides work against this direction now: funding costs $87 a day on $10k and the gap is 0.101% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$34−0.2916% /8h now · paid −0.341% over the last 7D
Price—spread −0.101% now · no price history on both exchanges yet
Costsno datano order book for Orderly
Result, before costs—no pointsneeds both price histories
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.341% in total, about −0.0162%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.101%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hINTC on 43 exchanges
lowest funding firstBefore you open
0 ok · 3 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$500 + $1,000Kraken Futures 20x, Orderly 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$87.48Long Kraken Futures: 24 payments, −$90.48; short Orderly: 3 payments, +$3.00.
- Note: No 7-day spread history−0.101%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$13K vs $1.1M OIOrderly sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · Orderly NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0162%/8h × 21 periods−$34.09
Price spread−0.101% → 0−$10.06
Slippage, 4 ordersno data for Orderly—
Fee Kraken Futures bp × 2 orders−$10.00
Fee Orderly bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$60.15
Costs to cover0.160%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 4 min ago; Orderly: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures4.8924.3 bp−$24537.3 bp−$5,373doesn’t fitdoesn’t fit
SELL · SHORTOrderly—————
Closing costs about the same again.
Orderly: no data.
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