Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.295%
Price spread now: Bybit against Aster−0.285%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Bybit is 0.285% cheaper against Aster than usual: you would sell low and buy high (spread −0.285% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 29 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ORCAUSDT | 1.5013 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $44K | $37K | 5x |
| Short | Bybit ORCAUSDT | 1.4970 | 0.0133 | get 0.0067% / 4h | 3h 09m | $2.0M | $1.5M | 25x |
Aster ORCAUSDT
Bybit ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $6.99
- Price spread: −0.285% → 0.000%
- −$28.49
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$40.5
- Costs to cover
- 0.190%
- Break-even
- 47.5 days
Slippage unknown: Aster: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 6.00 bp | 19.5 bp −$20 | 89.8 bp −$898 | 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 | −0.0730% | 1h | 1.4983 | −0.197% | $9K | $12K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0048% | 4h | 1.4990 | −0.152% | $225K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4990 | −0.152% | — | $6.6M | — | as long as short |
| Aster ORCAUSDTlong | +0.0100% | 4h | 1.5013 | long leg | $44K | $37K | 5x | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4980 | −0.220% | $3.4M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5019 | +0.041% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4960 | −0.352% | $696K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5029 | +0.108% | $584K | $199K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4970 | −0.285% | $662K | $645K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4986 | −0.177% | $2K | $105K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
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 ORCAUSDTshort | +0.0133% | 4h | 1.4970 | −0.285% | $2.0M | $1.5M | 25x | |
| Variational Omni ORCA | +0.0269% | 4h | 1.5000 | −0.087% | $29K | $10K | — | as long as short |
Variational Omni ORCA