Funding you earn now, next payment 22:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.167%
Price spread now: Extended against BingX−0.013%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1081.082% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.013%, 7d avg −0.066%
=Together, before fees−0.327%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.053% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.066%. Mind the row above: over the last 7 days funding on this pair cost −0.189%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORCA-USDT | 1.5060 | 0.0070 | pay 0.0035% / 4h | 2h 14m | — | $6.6M | — |
| Short | Extended ORCA-USD | 1.5058 | 0.0104 | get 0.0013% / 1h | 14m 32s | $3K | $155K | 5x |
BingX ORCA-USDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $7.14
- Price spread: −0.013% → −0.066%
- $5.26
- Slippage, 4 orders
- −$93.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$95.76
- Costs to cover
- 1.082%
- Break-even
- 100.9 days
Slippage from BingX: live order book, 7 min ago; Extended: live order book, 6 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 BingX live order book, 7 min ago | 6.63 bp | 18.5 bp −$18 | 65.9 bp −$659 | 741.1 bp −$74.1K | 1282.4 bp −$641.2K |
| Sell Extended live order book, 6 min ago | 6.86 bp | 34.4 bp −$34 | 262.6 bp −$2,626 | 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 | −0.0791% | 1h | 1.5073 | +0.084% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5060 | long leg | — | $6.6M | — | |
| BloFin ORCA-USDT | +0.0090% | 4h | 1.5080 | +0.133% | $232K | $58K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5057 | −0.019% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5065 | +0.034% | $3.5M | $5.3M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5060 | 0.000% | $127K | $47K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5060 | 0.000% | $691K | $148K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5081 | +0.139% | $576K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5050 | −0.066% | $703K | $506K | 25x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5058 | −0.013% | $3K | $155K | 5x |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.2015% | 4h | 1.5051 | −0.061% | $29K | $11K | — | as long as short |
| Bybit ORCAUSDT | +0.2150% | 4h | 1.5037 | −0.153% | $2.1M | $1.3M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT