Funding you earn now, next payment 23:00 UTC+0.1948%/8h= +213.3% APRpaid last 24h −4.902%
Price spread now: Variational Omni against Kraken Futures−0.086%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.086% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 4 hours of funding at the current rate (+$58 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORCAUSD | 1.5047 | −0.0177 | get 0.0022% / 1h | 13m 12s | $9K | $14K | 10x |
| Short | Variational Omni ORCA | 1.5034 | 0.1770 | get 0.0885% / 4h | 1h 13m | $28K | $12K | — |
Kraken Futures PF_ORCAUSD
Variational Omni ORCAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $408.98
- Price spread: −0.086% → 0.000%
- −$8.62
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $390.36
- Costs to cover
- 0.100%
- Break-even
- 0.3 days
Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Kraken Futures and Variational Omni: 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 | −0.0177% | 1h | 1.5047 | long leg | $9K | $14K | 10x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5050 | +0.019% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0093% | 4h | 1.5070 | +0.152% | $230K | $59K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5076 | +0.191% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5050 | +0.019% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5074 | +0.179% | $126K | $47K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5050 | +0.019% | $701K | $146K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5083 | +0.239% | $576K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5040 | −0.047% | $700K | $554K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5047 | 0.000% | $3K | $155K | 5x | as long as short |
BingX ORCA-USDT
BloFin 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1474% | 4h | 1.5029 | −0.120% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCAshort | +0.1770% | 4h | 1.5034 | −0.086% | $28K | $12K | — |
Bybit ORCAUSDT