Funding you earn now, next payment 07:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h −3.280%
Price spread now: Gate against Kraken Futures+0.100%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 +$9 a day on $10k at the current rate, and Gate is 0.100% dearer against Kraken Futures than usual: you sell high and buy low: +$10 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 | 1.4980 | −0.0184 | get 0.0023% / 1h | 56m 05s | $9K | $10K | 10x |
| Short | Gate ORCA_USDT | 1.4995 | 0.0100 | get 0.0050% / 4h | 1h 56m | $125K | $36K | 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
- $59.58
- Price spread: +0.100% → 0.000%
- $10.05
- 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
- $44.63
- Costs to cover
- 0.250%
- Break-even
- 1.8 days
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 44 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, 44 min ago | 10.08 bp | 35.7 bp −$36 | 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 | −0.0184% | 1h | 1.4980 | long leg | $9K | $10K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4990 | +0.067% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0095% | 4h | 1.4960 | −0.133% | $222K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5006 | +0.172% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4983 | +0.020% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.4995 | +0.100% | $125K | $36K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4980 | 0.000% | $692K | $122K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5016 | +0.241% | $586K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5000 | +0.134% | $677K | $670K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4976 | −0.028% | $3K | $100K | 5x | as long as short |
BingX ORCA-USDT
BloFin 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 | +0.0577% | 4h | 1.4986 | +0.039% | $29K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0847% | 4h | 1.4966 | −0.093% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT