Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.299%
Price spread now: Bitget against Bybit+0.126%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$850.848% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.126%, 7d avg −0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.153% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.5061 | 0.0100 | pay 0.0050% / 4h | 3h 46m | $2.1M | $1.4M | 25x |
| Short | Bitget ORCAUSDT | 1.5080 | 0.0100 | get 0.0050% / 4h | 3h 46m | $686K | $574K | 25x |
Bybit ORCAUSDT
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: +0.126% → −0.027%
- $15.32
- Slippage, 4 orders
- −$61.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$69.43
- Costs to cover
- 0.848%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; Bitget: live order book, 24 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 Bybit live order book, just now | 2.65 bp | 22.1 bp −$22 | 145.7 bp −$1,457 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 24 min ago | 6.63 bp | 24.7 bp −$25 | 71.2 bp −$712 | 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 | −0.0412% | 1h | 1.5097 | +0.237% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5090 | +0.193% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5091 | +0.199% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5089 | +0.183% | $3.5M | $5.6M | 50x | as long as short |
| Bybit ORCAUSDTlong | +0.0100% | 4h | 1.5061 | long leg | $2.1M | $1.4M | 25x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5088 | +0.179% | $125K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | +0.193% | $703K | $138K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5116 | +0.365% | $579K | $207K | 30x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5080 | +0.126% | $686K | $574K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5091 | +0.198% | $3K | $157K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORCA-USDT | +0.0152% | 4h | 1.5060 | −0.007% | $228K | $60K | 50x | as long as short |
| Variational Omni ORCA | +0.1054% | 4h | 1.5073 | +0.077% | $28K | $12K | — | as long as short |
BloFin ORCA-USDT
Variational Omni ORCA