Funding you earn now, next payment 03:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h +4.573%
Price spread now: Kraken Futures against Binance−0.134%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 −$11 a day on $10k at the current rate, and Kraken Futures is 0.134% cheaper against Binance than usual: you would sell low and buy high (−$13 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 | Binance ORCAUSDT | 1.5150 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $3.5M | $5.4M | 50x |
| Short | Kraken Futures PF_ORCAUSD | 1.5130 | −0.0259 | pay 0.0032% / 1h | 55m 06s | $9K | $13K | 10x |
Binance ORCAUSDT
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$75.29
- Price spread: −0.134% → 0.000%
- −$13.43
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$108.72
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago | 3.31 bp | 19.2 bp −$19 | 80.7 bp −$807 | 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 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_ORCAUSDshort | −0.0259% | 1h | 1.5130 | −0.134% | $9K | $13K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5150 | 0.000% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5163 | +0.083% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5150 | long leg | $3.5M | $5.4M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5156 | +0.040% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5140 | −0.066% | $705K | $123K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5140 | −0.066% | $682K | $604K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5136 | −0.092% | $4K | $124K | 5x | as long as short |
| Bybit ORCAUSDT | +0.0139% | 4h | 1.5131 | −0.125% | $2.1M | $1.4M | 25x | as long as short |
| KuCoin ORCAUSDTM | +0.0260% | 4h | 1.5157 | +0.046% | $583K | $203K | 30x | as long as short |
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
Bybit ORCAUSDT
KuCoin ORCAUSDTMShow 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 | +0.148% | $29K | $11K | — | as long as short |
Variational Omni ORCA