Settings8H · net · $10k
Funding arb · Price arb /

ORCA

all ORCA markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.1065%/8h= +116.6% APRnext payment +$5.32 per $10,000 · paid last 24h +0.354%
Price spread now: Variational Omni against Aster+0.102%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Variational Omni is 0.102% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ORCAUSDT1.49700.0100pay 0.0050% / 4h43m 27s$44K$37K5x
ShortVariational Omni ORCA1.49860.1165get 0.0582% / 4h43m 27s$29K$9K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$223.6
Price spread: +0.102% → 0.000%
$10.21
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$225.81
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Variational Omni no order-book sample
Aster 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ORCA-USDT+0.0070%4h1.4960−0.069%$6.6Mas long as short
Aster ORCAUSDTlong+0.0100%4h1.4970long leg$44K$37K5x
Binance ORCAUSDT+0.0100%4h1.4952−0.125%$3.4M$5.5M50xas long as short
Gate ORCA_USDT+0.0100%4h1.4972+0.011%$125K$35K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.4950−0.136%$689K$122K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.4968−0.015%$562K$201K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.4960−0.069%$670K$671K25xas long as short
Extended ORCA-USD+0.0104%1h1.4956−0.096%$6K$212K5xas long as short
Kraken Futures PF_ORCAUSD+0.0111%1h1.4946−0.163%$9K$8K10xas long as short
BloFin ORCA-USDT+0.0130%4h1.5020+0.332%$223K$60K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ORCAUSDT+0.1157%4h1.4931−0.262%$2.0M$1.6M25xas long as short
Variational Omni ORCAshort+0.1165%4h1.4986+0.102%$29K$9K