ORCA

Alert

Funding spread now, next payment 18:00 UTC−0.2502%/8h

paid, last 24h+7.314%paid, last 4 days+8.482%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ORCAUSDT	1.4793	0.0979	pay 0.0489% / 4h	2h 11m	$2.1M	$1.2M	25x
Short	Kraken Futures PF_ORCAUSD	1.4805	−0.1523	pay 0.0190% / 1h	11m 16s	$9K	$15K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Kraken FuturesbpOrdersRate

Funding earned: −$525.43
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$546.43
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.083%
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 Bybit live order book, 2 min ago	3.37 bp	20.5 bp −$20	227.8 bp −$2,278	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ORCAUSDshort	−0.1523%	1h	$9K	$15K	10x
BloFin ORCA-USDT	+0.0095%	4h	$242K	$141K	50x	as long as short
Aster ORCAUSDT	+0.0100%	4h	$43K	$45K	5x	as long as short
Binance ORCAUSDT	+0.0100%	4h	$3.5M	$5.1M	50x	as long as short
Gate ORCA_USDT	+0.0100%	4h	$126K	$42K	25x	as long as short
MEXC ORCA_USDT	+0.0100%	4h	$680K	$153K	20x	as long as short
Bitget ORCAUSDT	+0.0100%	4h	$720K	$530K	25x	as long as short
Extended ORCA-USD	+0.0104%	1h	$3K	$155K	5x	as long as short
KuCoin ORCAUSDTM	+0.0574%	4h	$570K	$203K	30x	as long as short
BingX ORCA-USDT	+0.0942%	4h	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ORCAUSDTlong	+0.0979%	4h	$2.1M	$1.2M	25x
Variational Omni ORCA	+0.1687%	4h	$28K	$11K	—	as long as short