Funding you earn now, next payment 07:00 UTC+0.1430%/8h= +156.6% APRpaid last 24h −2.421%
Price spread now: Variational Omni against Kraken Futures+0.060%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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Variational Omni is 0.060% dearer against Kraken Futures than usual: you sell high and buy low: +$6 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 | 1.4992 | −0.0184 | get 0.0023% / 1h | 2m 09s | $9K | $8K | 10x |
| Short | Variational Omni ORCA | 1.5001 | 0.1246 | get 0.0623% / 4h | 1h 02m | $29K | $9K | — |
Kraken Futures PF_ORCAUSD
Variational Omni ORCAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $300.3
- Price spread: +0.060% → 0.000%
- $6.01
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $296.31
- Costs to cover
- 0.100%
- Break-even
- 0.1 days
Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample | — | — | — | — | — |
Kraken Futures and Variational Omni: 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 | −0.0184% | 1h | 1.4992 | long leg | $9K | $8K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4980 | −0.082% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5004 | +0.076% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4990 | −0.016% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5005 | +0.084% | $125K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4980 | −0.082% | $694K | $125K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4996 | +0.024% | $564K | $201K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4980 | −0.082% | $672K | $671K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4986 | −0.045% | $2K | $95K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0121% | 4h | 1.5000 | +0.051% | $223K | $60K | 50x | as long as short |
BingX ORCA-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCAshort | +0.1246% | 4h | 1.5001 | +0.060% | $29K | $9K | — | |
| Bybit ORCAUSDT | +0.1421% | 4h | 1.4968 | −0.163% | $2.0M | $1.6M | 25x | as long as short |
Bybit ORCAUSDT