Funding you earn now, next payment 07:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +2.780%
Price spread now: Kraken Futures against Binance+0.015%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.4950 | 0.0100 | pay 0.0050% / 4h | 1h 46m | $3.4M | $5.6M | 50x |
| Short | Kraken Futures PF_ORCAUSD | 1.4952 | −0.0184 | pay 0.0023% / 1h | 46m 19s | $9K | $10K | 10x |
Binance ORCAUSDT
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$59.65
- Price spread: +0.015% → 0.000%
- $1.52
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$78.13
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 7 min ago; 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 Binance live order book, 7 min ago | 3.34 bp | 19.8 bp −$20 | 90.7 bp −$907 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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: 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 | −0.0184% | 1h | 1.4952 | +0.015% | $9K | $10K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4950 | 0.000% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0092% | 4h | 1.4950 | 0.000% | $223K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4962 | +0.081% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.4950 | long leg | $3.4M | $5.6M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4969 | +0.127% | $125K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4940 | −0.067% | $691K | $122K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4959 | +0.060% | $567K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4940 | −0.067% | $670K | $683K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4946 | −0.024% | $1K | $103K | 5x | as long as short |
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0575% | 4h | 1.4937 | −0.087% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0714% | 4h | 1.4934 | −0.107% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT