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

ORCA

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotORCAUSDT
1.3590spotno funding——$1.2M1xBuy Binance Spot
SHORT
BinanceORCAUSDT
1.3574+0.0100get 0.0050% / 4h3h 46m$3.6M$6.6M50xShort Binance
Price gap−0.121%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.045% under its 7d average: −$5 if it goes back, about 36 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$19+0.0100% /8h now · paid +0.189% over the last 7D
Price−$5spread −0.121% now, avg −0.076% → −0.045% if it goes back
Costs−$1111.106% of $10k · taker + slippage, in and out
Result−$96−0.96%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.121%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ORCA on 12 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size36.3 / 17.3 bp
    At $10k entering Binance Spot costs 36.3 bp, fee and slippage, 2.1× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Binance runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.121% vs −0.076%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$3.6M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0090%/8h × 21 periods+$18.88
Price spread−0.121% → −0.076% (7d avg)−$4.50
Slippage, 4 orderslive order books−$80.58
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$96.20
Costs to cover1.106%Break-even42.7 days
Slippage: Binance Spot: live order book, 13 min ago; Binance: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot7.4536.3 bp−$363470.4 bp−$34.7Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance3.7217.3 bp−$1747.5 bp−$475doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ORCA news

posts that mention ORCA, from every exchange
11-04 16:42InjectiveListingnew market ORCA/USDC PERP ($ORCA) seen by our collector
11-03 07:08BinanceOtherLatest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗
10-14 10:00HTXOtherEarn up to 30% APY on Flexible Earn! ORCA, TAO, 4STOCK, MONAD & LIT Limited-time subsidies. Don’t miss out! @HTX_Global on X ↗
10-13 18:55PhoenixListingNow live on Phoenix: $TLT - 20x leverage $IBM - 10x leverage $TXN - 5x leverage $ORCA - 5x leverage @PhoenixTrade on X ↗
10-13 17:00PhoenixListingnew market ORCA ($ORCA) seen by our collector