Funding you earn now, next payment 07:00 UTC+0.0250%/8h= +27.4% APRpaid last 24h −2.824%
Price spread now: BloFin against Kraken Futures+0.056%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.056% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.5002 | −0.0183 | get 0.0023% / 1h | 13m 18s | $9K | $8K | 10x |
| Short | BloFin ORCA-USDT | 1.5010 | 0.0066 | get 0.0033% / 4h | 1h 13m | $222K | $61K | 50x |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. 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
- $52.48
- Price spread: +0.056% → 0.000%
- $5.62
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $36.1
- Costs to cover
- 0.220%
- Break-even
- 2.2 days
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 63 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 63 min ago | 6.70 bp | 22.5 bp −$22 | 49.4 bp −$494 | doesn't fit | doesn't fit |
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_ORCAUSDlong | −0.0183% | 1h | 1.5002 | long leg | $9K | $8K | 10x | |
| BloFin ORCA-USDTshort | +0.0066% | 4h | 1.5010 | +0.056% | $222K | $61K | 50x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4990 | −0.077% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5001 | 0.000% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4990 | −0.077% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4989 | −0.084% | $125K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4990 | −0.077% | $695K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5020 | +0.123% | $565K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4990 | −0.077% | $675K | $671K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4986 | −0.106% | $4K | $93K | 5x | as long as short |
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
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 | +0.1165% | 4h | 1.4989 | −0.085% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.1512% | 4h | 1.4983 | −0.124% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT