Funding you earn now, next payment 04:00 UTC−0.0991%/8h= −108.5% APRnext payment −$4.95 per $10,000 · paid last 24h −0.294%
Price spread now: Aster against Bybit−0.079%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Aster is 0.079% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.5106 | 0.1091 | pay 0.0545% / 4h | 3h 44m | $2.1M | $1.4M | 25x |
| Short | Aster ORCAUSDT | 1.5094 | 0.0100 | get 0.0050% / 4h | 3h 44m | $44K | $44K | 5x |
Bybit ORCAUSDT
Aster ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. 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
- −$208.07
- Price spread: −0.079% → 0.000%
- −$7.88
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$234.96
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Aster: 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 Bybit live order book, 3 min ago | 2.65 bp | 22.1 bp −$22 | 145.7 bp −$1,457 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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 | −0.0412% | 1h | 1.5099 | −0.046% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5090 | −0.106% | — | $6.6M | — | as long as short |
| Aster ORCAUSDTshort | +0.0100% | 4h | 1.5094 | −0.079% | $44K | $44K | 5x | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.159% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5104 | −0.013% | $125K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5100 | −0.040% | $695K | $139K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5130 | +0.159% | $580K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5090 | −0.106% | $686K | $571K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5106 | +0.003% | $3K | $157K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0134% | 4h | 1.5110 | +0.026% | $229K | $59K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1054% | 4h | 1.5073 | −0.221% | $28K | $12K | — | as long as short |
| Bybit ORCAUSDTlong | +0.1091% | 4h | 1.5106 | long leg | $2.1M | $1.4M | 25x |
Variational Omni ORCA