Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.162%
Price spread now: BingX against Aster−0.180%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.180% cheaper against Aster than usual: you would sell low and buy high (−$18 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 | Aster ORCAUSDT | 1.5197 | 0.0100 | pay 0.0050% / 4h | 1h 20m | $45K | $41K | 5x |
| Short | BingX ORCA-USDT | 1.5170 | 0.0070 | get 0.0035% / 4h | 1h 20m | — | $6.6M | — |
Aster ORCAUSDT
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Aster. 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
- −$6.3
- Price spread: −0.180% → 0.000%
- −$17.98
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$42.28
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Aster: no order-book sample; BingX: live order book, 6 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 Aster no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 6 min ago | 9.94 bp | 22.4 bp −$22 | 64.3 bp −$643 | 713.3 bp −$71.3K | doesn't fit |
Aster: 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_ORCAUSD | −0.0258% | 1h | 1.5184 | −0.087% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDTshort | +0.0070% | 4h | 1.5170 | −0.180% | — | $6.6M | — | |
| Aster ORCAUSDTlong | +0.0100% | 4h | 1.5197 | long leg | $45K | $41K | 5x | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5180 | −0.114% | $3.5M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5176 | −0.140% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5180 | −0.114% | $701K | $126K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5180 | −0.114% | $682K | $615K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5176 | −0.142% | $3K | $130K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0156% | 4h | 1.5190 | −0.048% | $227K | $60K | 50x | as long as short |
| Bybit ORCAUSDT | +0.0169% | 4h | 1.5169 | −0.186% | $2.1M | $1.5M | 25x | as long as short |
Kraken Futures PF_ORCAUSD
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDT
Bybit ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0174% | 4h | 1.5202 | +0.031% | $589K | $204K | 30x | as long as short |
| Variational Omni ORCA | +0.0434% | 4h | 1.5172 | −0.169% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA