Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance−0.012%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1001.004% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.012%, 7d avg −0.028%
=Together, before fees−0.056%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5130 | 0.0100 | pay 0.0050% / 4h | 2h 56m | $3.5M | $5.3M | 50x |
| Short | Extended ORCA-USD | 1.5128 | 0.0104 | get 0.0013% / 1h | 56m 48s | $3K | $155K | 5x |
Binance ORCAUSDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.012% → −0.028%
- $1.55
- Slippage, 4 orders
- −$85.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$98.03
- Costs to cover
- 1.004%
- Break-even
- 823.9 days
Slippage from Binance: live order book, 11 min ago; Extended: live order book, 29 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, 11 min ago | 3.30 bp | 17.5 bp −$17 | 84.6 bp −$846 | doesn't fit | doesn't fit |
| Sell Extended live order book, 29 min ago | 6.76 bp | 33.4 bp −$33 | 228.8 bp −$2,288 | 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 | −0.0789% | 1h | 1.5125 | −0.032% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5120 | −0.066% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5133 | +0.017% | $44K | $45K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5130 | long leg | $3.5M | $5.3M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5134 | +0.026% | $125K | $44K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5120 | −0.066% | $693K | $145K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5155 | +0.165% | $581K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5120 | −0.066% | $715K | $513K | 25x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5128 | −0.012% | $3K | $155K | 5x | |
| BloFin ORCA-USDT | +0.0110% | 4h | 1.5110 | −0.132% | $235K | $58K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1944% | 4h | 1.5128 | −0.012% | $29K | $11K | — | as long as short |
| Bybit ORCAUSDT | +0.2140% | 4h | 1.5096 | −0.225% | $2.1M | $1.3M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT