Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 71.360 | +0.0100 | pay 0.0100% / 8h | 7h 50m | $13K | $93K | 10x | Long Orderly | |
| SHORT | 71.380 | +0.5649 | get 0.0706% / 1h | 50m 12s | $990K | $1.7M | 20x | Short Kraken Futures |
Price gap+0.028%
Funding gap+0.5549% /8h
Both sides work: funding pays +$166 a day on $10k, and the gap is 0.028% above zero (no 7-day history yet): +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$26+0.5549% /8h now · paid +0.259% over the last 7D
Price—spread +0.028% 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 above what this pair has been paying: over the last 7 days it paid +0.259% in total, about +0.0123%/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+0.028%
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$1,000 + $500Orderly 10x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$166.46Long Orderly: 3 payments, −$3.00; short Kraken Futures: 24 payments, +$169.46.
- Note: No 7-day spread history+0.028%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$13K vs $990K OIOrderly sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCOrderly No · Kraken Futures YesFull 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+0.0123%/8h × 21 periods+$25.88
Price spread+0.028% → 0+$2.76
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee Kraken Futures bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$12.64
Costs to cover0.160%Break-even3.6 days
Slippage: Orderly: no order-book sample; Kraken Futures: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOrderly—————
SELL · SHORTKraken Futures4.9028.6 bp−$2986.8 bp−$868doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly: no data.
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