ORCA

Alert

Funding spread now, next payment 19:00 UTC+0.1287%/8h

paid, last 24h−7.247%paid, last 4 days−8.691%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ORCAUSD	1.4880	−0.1187	get 0.0148% / 1h	26m 21s	$9K	$15K	10x
Short	Gate ORCA_USDT	1.4897	0.0100	get 0.0050% / 4h	1h 26m	$126K	$42K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GatebpOrdersRate

Funding earned: $270.28
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $245.28
Break-even: 0.6 days

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.115%
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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	9.07 bp	44.2 bp −$44	doesn't fit	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ORCAUSDlong	−0.1187%	1h	$9K	$15K	10x
BloFin ORCA-USDT	+0.0095%	4h	$240K	$51K	50x	as long as short
Aster ORCAUSDT	+0.0100%	4h	$44K	$45K	5x	as long as short
Binance ORCAUSDT	+0.0100%	4h	$3.5M	$5.2M	50x	as long as short
Gate ORCA_USDTshort	+0.0100%	4h	$126K	$42K	25x
MEXC ORCA_USDT	+0.0100%	4h	$684K	$152K	20x	as long as short
Bitget ORCAUSDT	+0.0100%	4h	$719K	$523K	25x	as long as short
Extended ORCA-USD	+0.0104%	1h	$3K	$155K	5x	as long as short
KuCoin ORCAUSDTM	+0.0434%	4h	$570K	$204K	30x	as long as short
BingX ORCA-USDT	+0.1776%	4h	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ORCAUSDT	+0.1942%	4h	$2.1M	$1.3M	25x	as long as short
Variational Omni ORCA	+0.2024%	4h	$28K	$11K	—	as long as short