Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.079%
Price spread now: BloFin against Aster−0.020%82s7-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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ORCAUSDT | 1.5123 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $44K | $45K | 5x |
| Short | BloFin ORCA-USDT | 1.5120 | 0.0067 | get 0.0033% / 4h | 2h 39m | $235K | $58K | 50x |
Aster ORCAUSDT
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$6.94
- Price spread: −0.020% → 0.000%
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$28.94
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Aster: no order-book sample; BloFin: live order book, 43 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 BloFin live order book, 43 min ago | 6.62 bp | 24.9 bp −$25 | 50.1 bp −$501 | doesn't fit | 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 | −0.0789% | 1h | 1.5126 | +0.017% | $9K | $15K | 10x | as long as short |
| BloFin ORCA-USDTshort | +0.0067% | 4h | 1.5120 | −0.020% | $235K | $58K | 50x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5110 | −0.086% | — | $6.6M | — | as long as short |
| Aster ORCAUSDTlong | +0.0100% | 4h | 1.5123 | long leg | $44K | $45K | 5x | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5115 | −0.053% | $3.5M | $5.2M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5116 | −0.046% | $127K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5110 | −0.086% | $692K | $146K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5129 | +0.040% | $580K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5100 | −0.152% | $708K | $507K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5113 | −0.067% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
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 | +0.1669% | 4h | 1.5086 | −0.245% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1900% | 4h | 1.5083 | −0.267% | $29K | $11K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA