Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.062%
Price spread now: Gate against BloFin+0.053%63s7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as 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−$1351.347% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.053%, 7d avg −0.039%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.092% dearer against BloFin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 63 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 | 1.5130 | 0.0106 | pay 0.0053% / 4h | 30m 05s | $227K | $60K | 50x |
| Short | Gate ORCA_USDT | 1.5138 | 0.0100 | get 0.0050% / 4h | 30m 05s | $127K | $38K | 25x |
BloFin ORCA-USDT
Gate ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$1.28
- Price spread: +0.053% → −0.039%
- $9.21
- Slippage, 4 orders
- −$107.7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$126.77
- Costs to cover
- 1.347%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 68 min ago; Gate: live order book, 20 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, 68 min ago | 6.63 bp | 25.0 bp −$25 | 45.4 bp −$454 | doesn't fit | doesn't fit |
| Sell Gate live order book, 20 min ago | 10.63 bp | 47.3 bp −$47 | 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 | −0.0511% | 1h | 1.5154 | +0.159% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5150 | +0.132% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5157 | +0.179% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5150 | +0.132% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5145 | +0.099% | $2.1M | $1.5M | 25x | as long as short |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.5138 | +0.053% | $127K | $38K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5150 | +0.132% | $700K | $123K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5150 | +0.132% | $671K | $639K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5146 | +0.104% | $4K | $128K | 5x | as long as short |
| BloFin ORCA-USDTlong | +0.0106% | 4h | 1.5130 | long leg | $227K | $60K | 50x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0136% | 4h | 1.5166 | +0.238% | $585K | $199K | 30x | as long as short |
| Variational Omni ORCA | +0.0248% | 4h | 1.5136 | +0.042% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA