ORCA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0334%/8h= +36.6% APRnext payment +$1.67 per $10,000 · paid last 24h +0.348%

Price spread now: Variational Omni against Binance−0.055%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.055% cheaper against Binance than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ORCAUSDT	1.5180	0.0100	pay 0.0050% / 4h	1h 18m	$3.5M	$5.4M	50x
Short	Variational Omni ORCA	1.5172	0.0434	get 0.0217% / 4h	1h 18m	$29K	$10K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersPrice spread, now −0.055%Rate

Funding earned: $70.16
Price spread: −0.055% → 0.000%: −$5.47
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $54.69
Costs to cover: 0.100%
Break-even: 1.5 days

Slippage unknown: Binance: live order book, 5 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 5 min ago	3.29 bp	19.0 bp −$19	90.7 bp −$907	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ORCAUSD	−0.0258%	1h	1.5189	+0.061%	$9K	$13K	10x	as long as short
BingX ORCA-USDT	+0.0070%	4h	1.5170	−0.066%	—	$6.6M	—	as long as short
Aster ORCAUSDT	+0.0100%	4h	1.5183	+0.020%	$44K	$41K	5x	as long as short
Binance ORCAUSDTlong	+0.0100%	4h	1.5180	long leg	$3.5M	$5.4M	50x
Gate ORCA_USDT	+0.0100%	4h	1.5168	−0.079%	$127K	$40K	25x	as long as short
MEXC ORCA_USDT	+0.0100%	4h	1.5180	0.000%	$701K	$126K	20x	as long as short
Bitget ORCAUSDT	+0.0100%	4h	1.5180	0.000%	$683K	$617K	25x	as long as short
Extended ORCA-USD	+0.0104%	1h	1.5176	−0.028%	$3K	$130K	5x	as long as short
BloFin ORCA-USDT	+0.0118%	4h	1.5180	0.000%	$227K	$60K	50x	as long as short
KuCoin ORCAUSDTM	+0.0202%	4h	1.5213	+0.217%	$589K	$205K	30x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ORCAUSDT	+0.0214%	4h	1.5173	−0.046%	$2.1M	$1.5M	25x	as long as short
Variational Omni ORCAshort	+0.0434%	4h	1.5172	−0.055%	$29K	$10K	—