Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.063%
Price spread now: Extended against BloFin+0.005%74s7-day average −0.054% · 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—prices read too far apart to compare
costs, in and out, $10k−$1201.202% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.005%, 7d avg −0.054%
=Together, before fees−0.098%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.059% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.054%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.5110 | 0.0041 | pay 0.0021% / 4h | 2m 02s | $227K | $60K | 50x |
| Short | Extended ORCA-USD | 1.5111 | 0.0104 | get 0.0013% / 1h | 2m 02s | $2K | $128K | 5x |
BloFin ORCA-USDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $13.22
- Price spread: +0.005% → −0.054%
- $5.91
- Slippage, 4 orders
- −$103.16
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$101.03
- Costs to cover
- 1.202%
- Break-even
- 60.5 days
Slippage from BloFin: live order book, 29 min ago; Extended: live order book, 54 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, 29 min ago | 3.30 bp | 13.6 bp −$14 | 49.6 bp −$496 | doesn't fit | doesn't fit |
| Sell Extended live order book, 54 min ago | 6.51 bp | 38.0 bp −$38 | 252.9 bp −$2,529 | 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 | −0.0513% | 1h | 1.5120 | +0.068% | $9K | $13K | 10x | as long as short |
| BloFin ORCA-USDTlong | +0.0041% | 4h | 1.5110 | long leg | $227K | $60K | 50x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5100 | −0.066% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5103 | −0.047% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5115 | +0.034% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5109 | −0.007% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5109 | −0.007% | $127K | $38K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5110 | 0.000% | $703K | $125K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5100 | −0.066% | $669K | $642K | 25x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5111 | +0.005% | $2K | $128K | 5x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0110% | 4h | 1.5123 | +0.086% | $583K | $198K | 30x | as long as short |
| Variational Omni ORCA | +0.0318% | 4h | 1.5089 | −0.140% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA