Funding you earn now, next payment 00:00 UTC+0.1767%/8h= +193.5% APRnext payment +$8.84 per $10,000 · paid last 24h +0.364%
Price spread now: Variational Omni against BloFin−0.181%71s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.181% cheaper against BloFin than usual: you would sell low and buy high (spread −0.181% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 8 hours of funding at the current rate (+$53 a day). The two prices were read 71 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 | 0.0133 | pay 0.0066% / 4h | 2h 38m | $234K | $58K | 50x |
| Short | Variational Omni ORCA | 1.5083 | 0.1900 | get 0.0950% / 4h | 2h 38m | $29K | $11K | — |
BloFin ORCA-USDT
Variational Omni ORCAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $371.1
- Price spread: −0.181% → 0.000%
- −$18.15
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $340.95
- Costs to cover
- 0.120%
- Break-even
- 0.6 days
Slippage unknown: BloFin: live order book, 45 min ago; Variational Omni: no order-book sample. Net counts fees only.
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, 45 min ago | 6.62 bp | 12.6 bp −$13 | 32.8 bp −$328 | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0790% | 1h | 1.5103 | −0.049% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5110 | 0.000% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5115 | +0.034% | $44K | $45K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5110 | 0.000% | $3.5M | $5.2M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5105 | −0.033% | $126K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5100 | −0.066% | $692K | $146K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5132 | +0.146% | $580K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5110 | 0.000% | $708K | $507K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5108 | −0.013% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDTlong | +0.0133% | 4h | 1.5110 | long leg | $234K | $58K | 50x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance 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 | +0.1650% | 4h | 1.5067 | −0.285% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCAshort | +0.1900% | 4h | 1.5083 | −0.181% | $29K | $11K | — |
Bybit ORCAUSDT