ORCA

Alert

Funding spread now, next payment 18:00 UTC−0.1625%/8h

next payment, per $10,000−$2.03paid, last 24h+7.489%paid, last 4 days+8.719%to open and closeno order book

Long on Extended Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ORCA-USD	1.4829	0.0104	pay 0.0013% / 1h	12m 29s	$3K	$155K	5x
Short	Kraken Futures PF_ORCAUSD	1.4827	−0.1521	pay 0.0190% / 1h	12m 29s	$9K	$15K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Kraken FuturesbpOrdersRate

Funding earned: −$341.3
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$356.3
Break-even: never at this rate

Slippage unknown: Extended: live order book, 26 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.011%
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 Extended live order book, 26 min ago	6.47 bp	34.4 bp −$34	220.9 bp −$2,209	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	−0.1521%	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	$722K	$529K	25x	as long as short
Extended ORCA-USDlong	+0.0104%	1h	$3K	$155K	5x
KuCoin ORCAUSDTM	+0.0570%	4h	$569K	$202K	30x	as long as short
Bybit ORCAUSDT	+0.0958%	4h	$2.1M	$1.2M	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX ORCA-USDT	+0.0968%	4h	—	$6.6M	—	as long as short
Variational Omni ORCA	+0.1687%	4h	$28K	$11K	—	as long as short