Funding you earn now, next payment 04:00 UTC−0.0133%/8h= −14.5% APRnext payment −$0.66 per $10,000 · paid last 24h −0.361%
Price spread now: BloFin against Bybit+0.164%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$760.756% of the position
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.164%, 7d avg +0.009%
=The price spread pays, funding is against you. BloFin is 0.155% dearer against Bybit than usual: you sell high and buy low (spread +0.164% now, against its 7-day average of +0.009%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.5225 | 0.0210 | pay 0.0105% / 4h | 3h 14m | $2.1M | $1.4M | 25x |
| Short | BloFin ORCA-USDT | 1.5250 | 0.0077 | get 0.0039% / 4h | 3h 14m | $228K | $60K | 50x |
Bybit ORCAUSDT
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$27.86
- Price spread: +0.164% → +0.009%
- $15.49
- Slippage, 4 orders
- −$52.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.03
- Costs to cover
- 0.756%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 51 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, 2 min ago | 1.64 bp | 24.0 bp −$24 | 112.3 bp −$1,123 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 51 min ago | 3.31 bp | 16.3 bp −$16 | 52.7 bp −$527 | 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 | −0.0407% | 1h | 1.5268 | +0.284% | $10K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5240 | +0.099% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDTshort | +0.0077% | 4h | 1.5250 | +0.164% | $228K | $60K | 50x | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5248 | +0.149% | $45K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5265 | +0.263% | $3.5M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5237 | +0.079% | $128K | $47K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5260 | +0.230% | $707K | $142K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5283 | +0.381% | $591K | $208K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5240 | +0.099% | $678K | $583K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5262 | +0.242% | $2K | $122K | 5x | as long as short |
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 ORCAUSDTlong | +0.0210% | 4h | 1.5225 | long leg | $2.1M | $1.4M | 25x | |
| Variational Omni ORCA | +0.0890% | 4h | 1.5213 | −0.078% | $28K | $11K | — | as long as short |
Variational Omni ORCA