Funding you earn now, next payment 23:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h −5.024%
Price spread now: BingX against Kraken Futures−0.068%7-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
Funding pays, the price is against you. BingX is 0.068% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 22 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.5080 | −0.0177 | get 0.0022% / 1h | 5m 02s | $9K | $14K | 10x |
| Short | BingX ORCA-USDT | 1.5070 | 0.0070 | get 0.0035% / 4h | 1h 05m | — | $6.6M | — |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $51.8
- Price spread: −0.068% → 0.000%
- −$6.77
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $25.03
- Costs to cover
- 0.200%
- Break-even
- 3.6 days
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 12 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 12 min ago | 9.96 bp | 25.2 bp −$25 | 66.2 bp −$662 | 680.2 bp −$68.0K | 1201.6 bp −$600.8K |
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_ORCAUSDlong | −0.0177% | 1h | 1.5080 | long leg | $9K | $14K | 10x | |
| BingX ORCA-USDTshort | +0.0070% | 4h | 1.5070 | −0.068% | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5077 | −0.018% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5076 | −0.029% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5077 | −0.021% | $126K | $47K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5070 | −0.068% | $702K | $147K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5093 | +0.085% | $576K | $206K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5070 | −0.068% | $701K | $556K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5069 | −0.077% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0148% | 4h | 1.5060 | −0.134% | $228K | $59K | 50x | as long as short |
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1382% | 4h | 1.5042 | −0.253% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1631% | 4h | 1.5037 | −0.283% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA