Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ORCA

all ORCA markets
SwapBacktest
Alert: funding
Measured
My alerts

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.

Alert: spread
My alerts

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 21:00 UTC+0.1208%/8h= +132.2% APRpaid last 24h −6.291%
Price spread now: BloFin against Kraken Futures−0.264%57s7-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 BloFin
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. BloFin is 0.264% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.264% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 17 hours of funding at the current rate (+$36 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ORCAUSD1.5130−0.1161get 0.0145% / 1h30m 21s$9K$15K10x
ShortBloFin ORCA-USDT1.50900.0046get 0.0023% / 4h3h 30m$234K$57K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$253.61
Price spread: −0.264% → 0.000%
−$26.38
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$205.24
Costs to cover
0.220%
Break-even
1.3 days
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 13 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 BloFin live order book, 13 min ago3.33 bp13.4 bp −$1347.7 bp −$477doesn'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−0.1161%1h1.5130long leg$9K$15K10x
BloFin ORCA-USDTshort+0.0046%4h1.5090−0.264%$234K$57K50x
BingX ORCA-USDT+0.0070%4h1.5130+0.001%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.5138+0.056%$44K$45K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5132+0.011%$3.5M$5.2M50xas long as short
Gate ORCA_USDT+0.0100%4h1.5123−0.046%$127K$43K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5140+0.067%$695K$147K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.5159+0.192%$583K$202K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.5120−0.066%$725K$511K25xas long as short
Extended ORCA-USD+0.0104%1h1.5128−0.011%$3K$155K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ORCAUSDT+0.1803%4h1.5104−0.171%$2.1M$1.3M25xas long as short
Variational Omni ORCA+0.1826%4h1.5087−0.282%$28K$11K—as long as short