Funding you earn now, next payment 03:00 UTC+0.0522%/8h= +57.2% APRpaid last 24h −4.061%
Price spread now: KuCoin against Kraken Futures+0.161%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 +$16 a day on $10k at the current rate, and KuCoin is 0.161% dearer against Kraken Futures than usual: you sell high and buy low: +$16 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 | 1.5154 | −0.0258 | get 0.0032% / 1h | 51m 29s | $9K | $13K | 10x |
| Short | KuCoin ORCAUSDTM | 1.5178 | 0.0264 | get 0.0132% / 4h | 1h 51m | $583K | $203K | 30x |
Kraken Futures PF_ORCAUSD
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $109.64
- Price spread: +0.161% → 0.000%
- $16.06
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $103.7
- Costs to cover
- 0.220%
- Break-even
- 0.4 days
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 47 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 KuCoin live order book, 47 min ago | 12.27 bp | 405.0 bp −$405 | 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 11 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 | −0.0258% | 1h | 1.5154 | long leg | $9K | $13K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5130 | −0.156% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5162 | +0.058% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5150 | −0.024% | $3.5M | $5.4M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5144 | −0.064% | $2.1M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5156 | +0.015% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5140 | −0.090% | $705K | $123K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5140 | −0.090% | $682K | $605K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5146 | −0.053% | $4K | $124K | 5x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0264% | 4h | 1.5178 | +0.161% | $583K | $203K | 30x |
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0494% | 4h | 1.5172 | +0.124% | $29K | $11K | — | as long as short |
Variational Omni ORCA