ORCA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h +0.071%

Price spread now: KuCoin against BloFin+0.221%50s7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$501as 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−$5085.080% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.221%, 7d avg +0.061%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.160% dearer against BloFin than usual: you sell high and buy low (spread +0.221% now, against its 7-day average of +0.061%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days. Mind the row above: over the last 7 days funding on this pair paid +0.072%, so the current rate has only just turned against you. The two prices were read 50 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	1.4950	0.0138	pay 0.0069% / 4h	2h 14m	$222K	$60K	50x
Short	KuCoin ORCAUSDTM	1.4983	0.0100	get 0.0050% / 4h	2h 14m	$584K	$203K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now +0.221%Rate

Funding earned: −$7.89
Price spread: +0.221% → +0.061%: $15.95
Slippage, 4 orders: −$483.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$499.89
Costs to cover: 5.080%
Break-even: never at this rate

Slippage from BloFin: live order book, 67 min ago; KuCoin: live order book, 45 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, 67 min ago	6.66 bp	14.9 bp −$15	42.8 bp −$428	486.5 bp −$48.7K	doesn't fit
Sell KuCoin live order book, 45 min ago	7.68 bp	243.2 bp −$243	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	1.4994	+0.295%	$9K	$10K	10x	as long as short
BingX ORCA-USDT	+0.0070%	4h	1.4930	−0.134%	—	$6.6M	—	as long as short
Aster ORCAUSDT	+0.0100%	4h	1.4980	+0.201%	$44K	$38K	5x	as long as short
Binance ORCAUSDT	+0.0100%	4h	1.4965	+0.102%	$3.4M	$5.6M	50x	as long as short
Gate ORCA_USDT	+0.0100%	4h	1.4952	+0.013%	$125K	$37K	25x	as long as short
MEXC ORCA_USDT	+0.0100%	4h	1.4960	+0.067%	$691K	$124K	20x	as long as short
KuCoin ORCAUSDTMshort	+0.0100%	4h	1.4983	+0.221%	$584K	$203K	30x
Bitget ORCAUSDT	+0.0100%	4h	1.4960	+0.067%	$661K	$675K	25x	as long as short
Extended ORCA-USD	+0.0104%	1h	1.4963	+0.087%	$3K	$105K	5x	as long as short
BloFin ORCA-USDTlong	+0.0138%	4h	1.4950	long leg	$222K	$60K	50x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ORCA	+0.0481%	4h	1.4931	−0.127%	$28K	$9K	—	as long as short
Bybit ORCAUSDT	+0.0736%	4h	1.4962	+0.080%	$2.0M	$1.5M	25x	as long as short