Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget−0.087%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1301.299% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.087%, 7d avg −0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.083% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORCAUSDT | 1.4880 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $651K | $664K | 25x |
| Short | Gate ORCA_USDT | 1.4867 | 0.0100 | get 0.0050% / 4h | 2h 32m | $124K | $36K | 25x |
Bitget ORCAUSDT
Gate ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- Price spread: −0.087% → −0.004%
- −$8.3
- Slippage, 4 orders
- −$102.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$138.19
- Costs to cover
- 1.299%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 13 min ago; Gate: live order book, 8 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, 13 min ago | 10.02 bp | 26.6 bp −$27 | 88.5 bp −$885 | doesn't fit | doesn't fit |
| Sell Gate live order book, 8 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 | 1.4852 | −0.189% | $9K | $11K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0051% | 4h | 1.4860 | −0.134% | $224K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4890 | +0.067% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4887 | +0.044% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4882 | +0.015% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.4867 | −0.087% | $124K | $36K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4840 | −0.269% | $686K | $123K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4870 | −0.067% | $575K | $202K | 30x | as long as short |
| Bitget ORCAUSDTlong | +0.0100% | 4h | 1.4880 | long leg | $651K | $664K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.4846 | −0.227% | $2K | $102K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0314% | 4h | 1.4892 | +0.079% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0377% | 4h | 1.4869 | −0.074% | $2.0M | $1.5M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT