Funding you earn now, next payment 09:00 UTC−0.0699%/8h= −76.5% APRpaid last 24h +1.779%
Price spread now: Kraken Futures against MEXC−0.021%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 −$21 a day on $10k at the current rate, and Kraken Futures is 0.021% cheaper against MEXC than usual: you would sell low and buy high (−$2 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 | MEXC ORCA_USDT | 1.4990 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $691K | $123K | 20x |
| Short | Kraken Futures PF_ORCAUSD | 1.4987 | −0.0599 | pay 0.0075% / 1h | 21m 00s | $9K | $8K | 10x |
MEXC ORCA_USDT
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- −$146.74
- Price spread: −0.021% → 0.000%
- −$2.07
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$162.81
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 69 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 MEXC live order book, 69 min ago | 3.36 bp | 15.8 bp −$16 | 45.2 bp −$452 | 413.1 bp −$41.3K | 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 | −0.0599% | 1h | 1.4987 | −0.021% | $9K | $8K | 10x | |
| BloFin ORCA-USDT | +0.0064% | 4h | 1.4960 | −0.200% | $222K | $58K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5000 | +0.067% | — | $6.6M | — | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4980 | −0.067% | $3.5M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4956 | −0.227% | $125K | $36K | 25x | as long as short |
| MEXC ORCA_USDTlong | +0.0100% | 4h | 1.4990 | long leg | $691K | $123K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4980 | −0.067% | $669K | $674K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4986 | −0.027% | $4K | $209K | 5x | as long as short |
| Aster ORCAUSDT | +0.0146% | 4h | 1.4973 | −0.113% | $44K | $34K | 5x | as long as short |
| KuCoin ORCAUSDTM | +0.0230% | 4h | 1.4996 | +0.040% | $547K | $201K | 30x | as long as short |
BloFin ORCA-USDT
BingX ORCA-USDT
Binance ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
Aster ORCAUSDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1010% | 4h | 1.4863 | −0.850% | $32K | $13K | — | as long as short |
| Bybit ORCAUSDT | +0.1576% | 4h | 1.4978 | −0.080% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT