Funding you earn now, next payment 01:00 UTC−0.0512%/8h= −56.1% APRpaid last 24h +5.042%
Price spread now: Kraken Futures against KuCoin−0.185%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.185% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5103 | 0.0100 | pay 0.0050% / 4h | 3h 47m | $579K | $207K | 30x |
| Short | Kraken Futures PF_ORCAUSD | 1.5075 | −0.0412 | pay 0.0052% / 1h | 47m 48s | $9K | $14K | 10x |
KuCoin ORCAUSDTM
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$107.62
- Price spread: −0.185% → 0.000%
- −$18.49
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$148.1
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 5 min ago; Kraken Futures: 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 KuCoin live order book, 5 min ago | 9.91 bp | 261.6 bp −$262 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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_ORCAUSDshort | −0.0412% | 1h | 1.5075 | −0.185% | $9K | $14K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5100 | −0.020% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5087 | −0.109% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5099 | −0.027% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5067 | −0.238% | $2.1M | $1.4M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5088 | −0.099% | $125K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | −0.086% | $703K | $138K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.5103 | long leg | $579K | $207K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5090 | −0.086% | $686K | $574K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5077 | −0.175% | $3K | $157K | 5x | as long as short |
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORCA-USDT | +0.0156% | 4h | 1.5070 | −0.218% | $228K | $59K | 50x | as long as short |
| Variational Omni ORCA | +0.1131% | 4h | 1.5055 | −0.320% | $28K | $12K | — | as long as short |
BloFin ORCA-USDT
Variational Omni ORCA