Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.163%
Price spread now: Aster against BingX+0.111%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.111% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORCA-USDT | 1.5070 | 0.0070 | pay 0.0035% / 4h | 16m 05s | — | $6.6M | — |
| Short | Aster ORCAUSDT | 1.5087 | 0.0100 | get 0.0050% / 4h | 16m 05s | $44K | $44K | 5x |
BingX ORCA-USDT
Aster ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against BingX. 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
- $6.3
- Price spread: +0.111% → 0.000%
- $11.13
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$0.57
- Costs to cover
- 0.180%
- Break-even
- 7.6 days
Slippage unknown: BingX: live order book, 6 min ago; Aster: 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 BingX live order book, 6 min ago | 6.64 bp | 18.2 bp −$18 | 56.6 bp −$566 | 566.3 bp −$56.6K | 1120.2 bp −$560.1K |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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 | −0.0442% | 1h | 1.5078 | +0.056% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5070 | long leg | — | $6.6M | — | |
| Aster ORCAUSDTshort | +0.0100% | 4h | 1.5087 | +0.111% | $44K | $44K | 5x | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5084 | +0.093% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5089 | +0.126% | $126K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5070 | 0.000% | $702K | $140K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5110 | +0.265% | $580K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5070 | 0.000% | $684K | $570K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5075 | +0.035% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0123% | 4h | 1.5080 | +0.066% | $229K | $60K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1130% | 4h | 1.5057 | −0.086% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1349% | 4h | 1.5047 | −0.151% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA