ORCA

Alert

Funding spread now, next payment 17:00 UTC−0.1170%/8h

paid, last 24h+7.491%paid, last 4 days+8.740%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ORCAUSDT	1.4950	0.0100	pay 0.0050% / 4h	3h 13m	$44K	$46K	5x
Short	Kraken Futures PF_ORCAUSD	1.4949	−0.1070	pay 0.0134% / 1h	13m 18s	$9K	$15K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Kraken FuturesbpOrdersRate

Funding earned: −$245.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$263.75
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.007%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aster 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 12 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ORCAUSDshort	−0.1070%	1h	$9K	$15K	10x
Aster ORCAUSDTlong	+0.0100%	4h	$44K	$46K	5x
Binance ORCAUSDT	+0.0100%	4h	$3.5M	$5.2M	50x	as long as short
Gate ORCA_USDT	+0.0100%	4h	$124K	$43K	25x	as long as short
MEXC ORCA_USDT	+0.0100%	4h	$678K	$156K	20x	as long as short
Bitget ORCAUSDT	+0.0100%	4h	$749K	$532K	25x	as long as short
Extended ORCA-USD	+0.0104%	1h	$3K	$155K	5x	as long as short
BloFin ORCA-USDT	+0.0154%	4h	$252K	$185K	50x	as long as short
KuCoin ORCAUSDTM	+0.0634%	4h	$579K	$200K	30x	as long as short
BingX ORCA-USDT	+0.0834%	4h	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ORCAUSDT	+0.0981%	4h	$2.1M	$1.2M	25x	as long as short
Variational Omni ORCA	+0.1909%	4h	$28K	$11K	—	as long as short