Funding you earn now, next payment 02:00 UTC+0.0582%/8h= +63.8% APRpaid last 24h −4.573%
Price spread now: Bitget against Kraken Futures+0.116%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bitget is 0.116% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.5063 | −0.0482 | get 0.0060% / 1h | 44m 47s | $9K | $14K | 10x |
| Short | Bitget ORCAUSDT | 1.5080 | 0.0100 | get 0.0050% / 4h | 2h 44m | $672K | $608K | 25x |
Kraken Futures PF_ORCAUSD
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $122.32
- Price spread: +0.116% → 0.000%
- $11.6
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $111.91
- Costs to cover
- 0.220%
- Break-even
- 0.6 days
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 21 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 Bitget live order book, 21 min ago | 6.57 bp | 25.5 bp −$25 | 70.8 bp −$708 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORCAUSDlong | −0.0482% | 1h | 1.5063 | long leg | $9K | $14K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5080 | +0.116% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0079% | 4h | 1.5090 | +0.182% | $229K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5109 | +0.306% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5090 | +0.182% | $3.4M | $5.7M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5058 | −0.030% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5102 | +0.262% | $127K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | +0.182% | $703K | $129K | 20x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5080 | +0.116% | $672K | $608K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5081 | +0.125% | $6K | $128K | 5x | as long as short |
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0180% | 4h | 1.5111 | +0.322% | $583K | $211K | 30x | as long as short |
| Variational Omni ORCA | +0.0577% | 4h | 1.5082 | +0.127% | $29K | $14K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA