Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bitget+0.020%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1161.160% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.020%, 7d avg −0.026%
=Together, before fees−0.148%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.046% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORCAUSDT | 1.5210 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $683K | $588K | 25x |
| Short | Extended ORCA-USD | 1.5213 | 0.0104 | get 0.0013% / 1h | 21m 19s | $2K | $141K | 5x |
Bitget ORCAUSDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bitget. 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
- $0.84
- Price spread: +0.020% → −0.026%
- $4.57
- Slippage, 4 orders
- −$98.96
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$110.55
- Costs to cover
- 1.160%
- Break-even
- 928.3 days
Slippage from Bitget: live order book, 49 min ago; Extended: live order book, 49 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 Bitget live order book, 49 min ago | 6.63 bp | 18.4 bp −$18 | 92.1 bp −$921 | doesn't fit | doesn't fit |
| Sell Extended live order book, 49 min ago | 6.67 bp | 37.4 bp −$37 | 257.2 bp −$2,572 | 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 | −0.0409% | 1h | 1.5220 | +0.068% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5220 | +0.066% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5249 | +0.258% | $45K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5217 | +0.044% | $3.5M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5236 | +0.171% | $127K | $47K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5220 | +0.066% | $701K | $142K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5243 | +0.217% | $591K | $208K | 30x | as long as short |
| Bitget ORCAUSDTlong | +0.0100% | 4h | 1.5210 | long leg | $683K | $588K | 25x | |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5213 | +0.020% | $2K | $141K | 5x | |
| BloFin ORCA-USDT | +0.0153% | 4h | 1.5210 | 0.000% | $228K | $60K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0480% | 4h | 1.5208 | −0.013% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.0966% | 4h | 1.5186 | −0.155% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA