Spread before costs (cost unknown: a leg has no order-book sample)+0.117%
7d average—if it closes, per $10,000$12funding while held, a day+$38.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.4876 | −0.1187 | get 0.0148% / 1h | 30m 40s | $9K | $15K | 10x |
| Short | Aster ORCAUSDT | 1.4893 | 0.0100 | get 0.0050% / 4h | 1h 30m | $44K | $45K | 5x |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $11.69
- Funding while held
- $38.62
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $32.31
- Spread needed to break even
- 0.180%
Slippage unknown: Kraken Futures: no order-book sample; Aster: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1287%
- Per $10,000 a day
- +$38.62
- Average in range /8h
- —
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Kraken Futures and Aster: 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 price on every exchange
against the cheapest. Click to use as the short leg.
Variational Omni
Bybit
MEXC
BingX
Extended
Bitget
Binance
Gate
BloFin
KuCoinORCA on 12 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | −0.038% | +0.2024% | 4h | $28K | $11K | — | as long as short |
| Bybit ORCAUSDT | −0.033% | +0.1848% | 4h | $2.1M | $1.3M | 25x | as long as short |
| Kraken Futures PF_ORCAUSDlong | 0.000% | −0.1187% | 1h | $9K | $15K | 10x | |
| MEXC ORCA_USDT | +0.028% | +0.0100% | 4h | $683K | $151K | 20x | as long as short |
| BingX ORCA-USDT | +0.028% | +0.1784% | 4h | — | $6.6M | — | as long as short |
| Extended ORCA-USD | +0.042% | +0.0104% | 1h | $3K | $155K | 5x | as long as short |
| Bitget ORCAUSDT | +0.095% | +0.0100% | 4h | $719K | $529K | 25x | as long as short |
| Binance ORCAUSDT | +0.098% | +0.0100% | 4h | $3.5M | $5.2M | 50x | as long as short |
| Gate ORCA_USDT | +0.102% | +0.0100% | 4h | $126K | $42K | 25x | as long as short |
| Aster ORCAUSDTshort | +0.117% | +0.0100% | 4h | $44K | $45K | 5x |
Show all 12 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin ORCA-USDT | +0.162% | +0.0154% | 4h | $241K | $51K | 50x | as long as short |
| KuCoin ORCAUSDTM | +0.203% | +0.0474% | 4h | $569K | $204K | 30x | as long as short |