Funding you earn now, next payment 01:00 UTC+0.0511%/8h= +56.0% APRpaid last 24h −5.210%
Price spread now: Gate against Kraken Futures+0.053%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 +$15 a day on $10k at the current rate, and Gate is 0.053% dearer against Kraken Futures than usual: you sell high and buy low: +$5 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 | 1.5114 | −0.0411 | get 0.0051% / 1h | 55m 32s | $9K | $14K | 10x |
| Short | Gate ORCA_USDT | 1.5122 | 0.0100 | get 0.0050% / 4h | 3h 55m | $125K | $46K | 25x |
Kraken Futures PF_ORCAUSD
Gate ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $107.39
- Price spread: +0.053% → 0.000%
- $5.27
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $87.66
- Costs to cover
- 0.250%
- Break-even
- 1.3 days
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 10 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 Gate live order book, 10 min ago | 13.90 bp | 41.9 bp −$42 | doesn't fit | 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 | −0.0411% | 1h | 1.5114 | long leg | $9K | $14K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5100 | −0.093% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5120 | +0.040% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5091 | −0.153% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5075 | −0.258% | $2.1M | $1.4M | 25x | as long as short |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.5122 | +0.053% | $125K | $46K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5100 | −0.093% | $704K | $137K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5156 | +0.278% | $584K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5090 | −0.159% | $686K | $576K | 25x | as long as short |
| BloFin ORCA-USDT | +0.0101% | 4h | 1.5090 | −0.159% | $227K | $60K | 50x | as long as short |
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ORCA-USD | +0.0104% | 1h | 1.5089 | −0.165% | $3K | $153K | 5x | as long as short |
| Variational Omni ORCA | +0.1201% | 4h | 1.5092 | −0.143% | $28K | $12K | — | as long as short |
Extended ORCA-USD
Variational Omni ORCA