Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.165%
Price spread now: Gate against BingX−0.033%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1201.202% of the position
Funding, last 7 days−0.184%−$18 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.033%, 7d avg −0.042%
=The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.184%, 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 | 1.5000 | 0.0070 | pay 0.0035% / 4h | 2h 00m | — | $6.6M | — |
| Short | Gate ORCA_USDT | 1.4995 | 0.0100 | get 0.0050% / 4h | 2h 00m | $125K | $37K | 25x |
BingX ORCA-USDT
Gate ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.033% → −0.042%
- $0.86
- Slippage, 4 orders
- −$95.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$113
- Costs to cover
- 1.202%
- Break-even
- 132.6 days
Slippage from BingX: live order book, 6 min ago; Gate: live order book, 40 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, 6 min ago | 9.99 bp | 24.3 bp −$24 | 72.9 bp −$729 | 658.9 bp −$65.9K | 1160.3 bp −$580.2K |
| Sell Gate live order book, 40 min ago | 10.08 bp | 35.7 bp −$36 | doesn't fit | 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 | −0.0006% | 1h | 1.5006 | +0.038% | $9K | $10K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5000 | long leg | — | $6.6M | — | |
| BloFin ORCA-USDT | +0.0096% | 4h | 1.4990 | −0.067% | $223K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5002 | +0.010% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4990 | −0.067% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.4995 | −0.033% | $125K | $37K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5000 | 0.000% | $693K | $125K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5034 | +0.227% | $586K | $202K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4990 | −0.067% | $677K | $675K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4996 | −0.029% | $3K | $100K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0577% | 4h | 1.4986 | −0.095% | $29K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0847% | 4h | 1.4982 | −0.120% | $2.0M | $1.5M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT