Funding you earn now, next payment 02:00 UTC−0.0552%/8h= −60.5% APRpaid last 24h +4.406%
Price spread now: Kraken Futures against BingX−0.116%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 −$17 a day on $10k at the current rate, and Kraken Futures is 0.116% cheaper against BingX than usual: you would sell low and buy high (−$12 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 | BingX ORCA-USDT | 1.5080 | 0.0070 | pay 0.0035% / 4h | 2h 44m | — | $6.6M | — |
| Short | Kraken Futures PF_ORCAUSD | 1.5063 | −0.0482 | pay 0.0060% / 1h | 44m 41s | $9K | $14K | 10x |
BingX ORCA-USDT
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$116.02
- Price spread: −0.116% → 0.000%
- −$11.58
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$147.6
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 7 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 BingX live order book, 7 min ago | 6.64 bp | 18.8 bp −$19 | 57.2 bp −$572 | 603.8 bp −$60.4K | 1180.7 bp −$590.4K |
| 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 | −0.0482% | 1h | 1.5063 | −0.116% | $9K | $14K | 10x | |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5080 | long leg | — | $6.6M | — | |
| BloFin ORCA-USDT | +0.0079% | 4h | 1.5090 | +0.066% | $229K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5109 | +0.190% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5090 | +0.066% | $3.4M | $5.7M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5058 | −0.146% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5102 | +0.146% | $127K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | +0.066% | $703K | $129K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5080 | 0.000% | $672K | $608K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5081 | +0.009% | $6K | $128K | 5x | as long as short |
BloFin 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0180% | 4h | 1.5111 | +0.206% | $583K | $211K | 30x | as long as short |
| Variational Omni ORCA | +0.0577% | 4h | 1.5082 | +0.011% | $29K | $14K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA