Funding you earn now, next payment 07:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +3.280%
Price spread now: Kraken Futures against Gate−0.035%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 −$9 a day on $10k at the current rate, and Kraken Futures is 0.035% cheaper against Gate than usual: you would sell low and buy high (−$3 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 | Gate ORCA_USDT | 1.4989 | 0.0100 | pay 0.0050% / 4h | 1h 54m | $125K | $36K | 25x |
| Short | Kraken Futures PF_ORCAUSD | 1.4984 | −0.0184 | pay 0.0023% / 1h | 54m 52s | $9K | $10K | 10x |
Gate ORCA_USDT
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$59.57
- Price spread: −0.035% → 0.000%
- −$3.48
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$88.05
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 45 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 Gate live order book, 45 min ago | 10.08 bp | 35.1 bp −$35 | doesn't fit | 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 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 | −0.0184% | 1h | 1.4984 | −0.035% | $9K | $10K | 10x | |
| BloFin ORCA-USDT | +0.0043% | 4h | 1.4970 | −0.127% | $223K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4980 | −0.060% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4985 | −0.026% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4970 | −0.127% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.4989 | long leg | $125K | $36K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4970 | −0.127% | $692K | $122K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4997 | +0.053% | $569K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5000 | +0.073% | $677K | $670K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4976 | −0.086% | $3K | $100K | 5x | as long as short |
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0597% | 4h | 1.4971 | −0.121% | $29K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0817% | 4h | 1.4955 | −0.227% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT