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Funding arb · Price arb /

ORCA

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC−0.0611%/8h= −66.9% APRpaid last 24h +3.685%
Price spread now: Kraken Futures against Bitget+0.147%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on Kraken Futures
What this pair did over the last
the charts below follow
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
The price spread pays, funding is against you. Kraken Futures is 0.147% dearer against Bitget than usual: you sell high and buy low (spread +0.147% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 19 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ORCAUSDT1.51500.0100pay 0.0050% / 4h24m 34s$671K$642K25x
ShortKraken Futures PF_ORCAUSD1.5172−0.0511pay 0.0064% / 1h24m 34s$9K$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$128.28
Price spread: +0.147% → 0.000%
$14.68
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$135.6
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 31 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 31 min ago6.61 bp36.6 bp −$37127.6 bp −$1,276doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSDshort−0.0511%1h1.5172+0.147%$9K$13K10x
BingX ORCA-USDT+0.0070%4h1.5160+0.066%—$6.6M—as long as short
BloFin ORCA-USDT+0.0079%4h1.5170+0.132%$227K$60K50xas long as short
Aster ORCAUSDT+0.0100%4h1.5172+0.145%$44K$39K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5151+0.005%$3.5M$5.5M50xas long as short
Bybit ORCAUSDT+0.0100%4h1.5141−0.059%$2.1M$1.5M25xas long as short
Gate ORCA_USDT+0.0100%4h1.5160+0.066%$128K$38K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.51500.000%$700K$123K20xas long as short
Bitget ORCAUSDTlong+0.0100%4h1.5150long leg$671K$642K25x
Extended ORCA-USD+0.0104%1h1.5147−0.017%$4K$127K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORCAUSDTM+0.0180%4h1.5190+0.264%$586K$199K30xas long as short
Variational Omni ORCA+0.0307%4h1.5121−0.190%$29K$10K—as long as short