Funding you earn now, next payment 22:00 UTC−0.1796%/8h= −196.7% APRpaid last 24h −0.250%
Price spread now: Extended against Bybit+0.147%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1201.204% of the position
Funding, last 7 days−0.305%−$31 on $10k
+Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.147%, 7d avg −0.063%
=Together, before fees−0.575%+ Points / potential airdropExtended: Active · farm board−$58 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.210% dearer against Bybit than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of −0.063%): +$21 on $10k if it goes back. Holding the pair costs −$54 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.305% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.305% in total (about -15.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.5067 | 0.1900 | pay 0.0950% / 4h | 2h 51m | $2.1M | $1.3M | 25x |
| Short | Extended ORCA-USD | 1.5089 | 0.0104 | get 0.0013% / 1h | 51m 25s | $3K | $155K | 5x |
Bybit ORCAUSDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$377.23
- Price spread: +0.147% → −0.063%
- $21.02
- Slippage, 4 orders
- −$104.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$476.63
- Costs to cover
- 1.204%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; Extended: live order book, 34 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 | 1.33 bp | 28.9 bp −$29 | 178.3 bp −$1,783 | doesn't fit | doesn't fit |
| Sell Extended live order book, 34 min ago | 6.76 bp | 33.4 bp −$33 | 228.8 bp −$2,288 | 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 | −0.0790% | 1h | 1.5104 | +0.244% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5080 | +0.086% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5104 | +0.246% | $44K | $45K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5090 | +0.153% | $3.5M | $5.3M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5108 | +0.272% | $127K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | +0.153% | $691K | $145K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5126 | +0.392% | $580K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5080 | +0.086% | $709K | $512K | 25x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5089 | +0.147% | $3K | $155K | 5x | |
| BloFin ORCA-USDT | +0.0126% | 4h | 1.5120 | +0.352% | $235K | $58K | 50x | 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
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDTlong | +0.1900% | 4h | 1.5067 | long leg | $2.1M | $1.3M | 25x | |
| Variational Omni ORCA | +0.1962% | 4h | 1.5109 | +0.282% | $29K | $11K | — | as long as short |
Variational Omni ORCA