Funding you earn now, next payment 05:00 UTC−0.0828%/8h= −90.6% APRpaid last 24h +3.471%
Price spread now: Kraken Futures against KuCoin−0.167%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$25 a day on $10k at the current rate, and Kraken Futures is 0.167% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5057 | 0.0100 | pay 0.0050% / 4h | 3h 15m | $585K | $199K | 30x |
| Short | Kraken Futures PF_ORCAUSD | 1.5032 | −0.0728 | pay 0.0091% / 1h | 15m 10s | $9K | $12K | 10x |
KuCoin ORCAUSDTM
Kraken Futures PF_ORCAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$173.78
- Price spread: −0.167% → 0.000%
- −$16.71
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$212.49
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 59 min ago; Kraken Futures: 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 KuCoin live order book, 59 min ago | 8.58 bp | 305.7 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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_ORCAUSDshort | −0.0728% | 1h | 1.5032 | −0.167% | $9K | $12K | 10x | |
| BloFin ORCA-USDT | +0.0068% | 4h | 1.5060 | +0.020% | $226K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5010 | −0.312% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5039 | −0.122% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5020 | −0.246% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5018 | −0.259% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5041 | −0.106% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5020 | −0.246% | $699K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.5057 | long leg | $585K | $199K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5020 | −0.246% | $664K | $645K | 25x | as long as short |
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ORCA-USD | +0.0104% | 1h | 1.5030 | −0.180% | $2K | $105K | 5x | as long as short |
| Variational Omni ORCA | +0.0253% | 4h | 1.5035 | −0.147% | $29K | $10K | — | as long as short |
Extended ORCA-USD
Variational Omni ORCA