Funding you earn now, next payment 07:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h +2.824%
Price spread now: Kraken Futures against BloFin−0.039%117s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.039% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.5020 | 0.0112 | pay 0.0056% / 4h | 1h 17m | $223K | $61K | 50x |
| Short | Kraken Futures PF_ORCAUSD | 1.5014 | −0.0183 | pay 0.0023% / 1h | 17m 16s | $9K | $9K | 10x |
BloFin ORCA-USDT
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- −$62.06
- Price spread: −0.039% → 0.000%
- −$3.91
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$87.97
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 59 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 BloFin live order book, 59 min ago | 6.70 bp | 19.1 bp −$19 | 47.7 bp −$477 | 531.5 bp −$53.1K | 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 | −0.0183% | 1h | 1.5014 | −0.039% | $9K | $9K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5010 | −0.067% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5013 | −0.049% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5000 | −0.133% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4995 | −0.166% | $125K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5000 | −0.133% | $695K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5010 | −0.067% | $564K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5000 | −0.133% | $675K | $677K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4996 | −0.159% | $4K | $93K | 5x | as long as short |
| BloFin ORCA-USDTlong | +0.0112% | 4h | 1.5020 | long leg | $223K | $61K | 50x |
BingX ORCA-USDT
Aster ORCAUSDT
Binance 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 | +0.0966% | 4h | 1.4981 | −0.257% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.1472% | 4h | 1.4968 | −0.346% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT