Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.033%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$910.909% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.033%, 7d avg −0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.030% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5185 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $3.5M | $5.4M | 50x |
| Short | Bitget ORCAUSDT | 1.5180 | 0.0100 | get 0.0050% / 4h | 1h 19m | $682K | $615K | 25x |
Binance ORCAUSDT
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $0
- Price spread: −0.033% → −0.004%
- −$2.97
- Slippage, 4 orders
- −$68.91
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$93.89
- Costs to cover
- 0.909%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 41 min ago.
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 Binance live order book, 4 min ago | 3.29 bp | 19.0 bp −$19 | 90.7 bp −$907 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 41 min ago | 9.92 bp | 30.3 bp −$30 | 84.2 bp −$842 | doesn't fit | doesn't fit |
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 | −0.0257% | 1h | 1.5191 | +0.041% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5170 | −0.099% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5183 | −0.013% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5185 | long leg | $3.5M | $5.4M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5164 | −0.139% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5180 | −0.033% | $701K | $126K | 20x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5180 | −0.033% | $682K | $615K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5180 | −0.035% | $3K | $130K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0118% | 4h | 1.5180 | −0.033% | $227K | $60K | 50x | as long as short |
| Bybit ORCAUSDT | +0.0188% | 4h | 1.5170 | −0.099% | $2.1M | $1.5M | 25x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
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 | +0.0194% | 4h | 1.5210 | +0.164% | $589K | $204K | 30x | as long as short |
| Variational Omni ORCA | +0.0434% | 4h | 1.5172 | −0.088% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA