Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.22 per $10,000 · paid last 24h +0.074%
Price spread now: Binance against BloFin+0.064%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$630.629% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.064%, 7d avg −0.035%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.099% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.5100 | 0.0056 | pay 0.0028% / 4h | 6m 31s | $228K | $60K | 50x |
| Short | Binance ORCAUSDT | 1.5110 | 0.0100 | get 0.0050% / 4h | 6m 31s | $3.5M | $5.5M | 50x |
BloFin ORCA-USDT
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $9.26
- Price spread: +0.064% → −0.035%
- $9.88
- Slippage, 4 orders
- −$40.89
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.75
- Costs to cover
- 0.629%
- Break-even
- 40.1 days
Slippage from BloFin: live order book, 64 min ago; Binance: live order book, 2 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 BloFin live order book, 64 min ago | 3.32 bp | 11.6 bp −$12 | 36.1 bp −$361 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.31 bp | 17.0 bp −$17 | 65.9 bp −$659 | 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 | −0.0442% | 1h | 1.5091 | −0.060% | $9K | $14K | 10x | as long as short |
| BloFin ORCA-USDTlong | +0.0056% | 4h | 1.5100 | long leg | $228K | $60K | 50x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5110 | +0.066% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5108 | +0.052% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5110 | +0.064% | $3.5M | $5.5M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5099 | −0.007% | $127K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5110 | +0.066% | $704K | $141K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5120 | +0.132% | $581K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5100 | 0.000% | $685K | $572K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5107 | +0.046% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1040% | 4h | 1.5069 | −0.205% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1311% | 4h | 1.5053 | −0.312% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA