Funding you earn now, next payment 03:00 UTC−0.0363%/8h= −39.7% APRnext payment −$0.45 per $10,000 · paid last 24h +4.571%
Price spread now: Kraken Futures against Extended−0.107%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
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Kraken Futures is 0.107% cheaper against Extended than usual: you would sell low and buy high (−$11 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 | Extended ORCA-USD | 1.5146 | 0.0104 | pay 0.0013% / 1h | 54m 42s | $4K | $124K | 5x |
| Short | Kraken Futures PF_ORCAUSD | 1.5130 | −0.0259 | pay 0.0032% / 1h | 54m 42s | $9K | $13K | 10x |
Extended ORCA-USD
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$76.13
- Price spread: −0.107% → 0.000%
- −$10.73
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$101.86
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 6 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 Extended live order book, 6 min ago | 6.51 bp | 34.4 bp −$34 | 247.3 bp −$2,473 | 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 | −0.107% | $9K | $13K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5130 | −0.105% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5155 | +0.063% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5127 | −0.125% | $3.4M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5148 | +0.014% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5130 | −0.105% | $705K | $123K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5120 | −0.171% | $681K | $605K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5146 | long leg | $4K | $124K | 5x | |
| Bybit ORCAUSDT | +0.0121% | 4h | 1.5113 | −0.217% | $2.1M | $1.5M | 25x | as long as short |
| KuCoin ORCAUSDTM | +0.0254% | 4h | 1.5167 | +0.139% | $583K | $203K | 30x | as long as short |
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
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 | +0.176% | $29K | $11K | — | as long as short |
Variational Omni ORCA