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Funding arb · Price arb /

ORCA

all ORCA markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h −2.780%
Price spread now: Binance against Kraken Futures−0.033%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Binance
What this pair did over the last
the charts below follow
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
Funding pays, the price is against you. Binance is 0.033% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ORCAUSD1.4975−0.0184get 0.0023% / 1h0m 24s$9K$8K10x
ShortBinance ORCAUSDT1.49700.0100get 0.0050% / 4h1h 00m$3.4M$5.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$59.59
Price spread: −0.033% → 0.000%
−$3.33
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$36.27
Costs to cover
0.200%
Break-even
2.7 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Binance live order book, 8 min ago3.33 bp13.5 bp −$1465.9 bp −$659doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSDlong−0.0184%1h1.4975long leg$9K$8K10x
BingX ORCA-USDT+0.0070%4h1.4950−0.167%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.4982+0.050%$44K$37K5xas long as short
Binance ORCAUSDTshort+0.0100%4h1.4970−0.033%$3.4M$5.5M50x
Gate ORCA_USDT+0.0100%4h1.4995+0.134%$125K$36K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.4970−0.033%$694K$125K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.4981+0.040%$560K$201K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.4970−0.033%$671K$671K25xas long as short
Extended ORCA-USD+0.0104%1h1.4966−0.062%$4K$120K5xas long as short
BloFin ORCA-USDT+0.0133%4h1.5000+0.167%$223K$60K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ORCA+0.1224%4h1.4957−0.121%$28K$9K—as long as short
Bybit ORCAUSDT+0.1367%4h1.4956−0.127%$2.0M$1.6M25xas long as short