Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%
Price spread now: KuCoin against Bitget+0.240%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$497as in the Funding arb table
Net, price: spread back to 7d avg − costs−$487as in the Price arb table
costs, in and out, $10k−$5025.022% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.240%, 7d avg +0.092%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.148% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORCAUSDT | 1.5010 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $663K | $645K | 25x |
| Short | KuCoin ORCAUSDTM | 1.5046 | 0.0100 | get 0.0050% / 4h | 3h 11m | $585K | $199K | 30x |
Bitget ORCAUSDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.240% → +0.092%
- $14.77
- Slippage, 4 orders
- −$478.19
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$487.42
- Costs to cover
- 5.022%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 38 min ago; KuCoin: live order book, 62 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, 38 min ago | 6.63 bp | 27.6 bp −$28 | 96.0 bp −$960 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 62 min ago | 8.58 bp | 139.0 bp −$139 | 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 | −0.0729% | 1h | 1.5011 | +0.009% | $9K | $12K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5010 | 0.000% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0080% | 4h | 1.5010 | 0.000% | $225K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5027 | +0.114% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5010 | 0.000% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5006 | −0.027% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5035 | +0.167% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5000 | −0.067% | $698K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.5046 | +0.240% | $585K | $199K | 30x | |
| Bitget ORCAUSDTlong | +0.0100% | 4h | 1.5010 | long leg | $663K | $645K | 25x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ORCA-USD | +0.0104% | 1h | 1.5006 | −0.029% | $2K | $105K | 5x | as long as short |
| Variational Omni ORCA | +0.0253% | 4h | 1.5035 | +0.166% | $29K | $10K | — | as long as short |
Extended ORCA-USD
Variational Omni ORCA