Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.273%
Price spread now: KuCoin against Bybit+0.238%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$513as in the Funding arb table
Net, price: spread back to 7d avg − costs−$470as in the Price arb table
costs, in and out, $10k−$4884.878% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.238%, 7d avg +0.064%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.174% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.5112 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $2.0M | $1.5M | 25x |
| Short | KuCoin ORCAUSDTM | 1.5148 | 0.0100 | get 0.0050% / 4h | 3h 54m | $588K | $199K | 30x |
Bybit ORCAUSDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.238% → +0.064%
- $17.38
- Slippage, 4 orders
- −$464.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$470.38
- Costs to cover
- 4.878%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 19 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 | 1.66 bp | 20.1 bp −$20 | 92.7 bp −$927 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 19 min ago | 8.58 bp | 139.0 bp −$139 | doesn't fit | 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 | −0.0722% | 1h | 1.5137 | +0.168% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5120 | +0.053% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5123 | +0.076% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.119% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDTlong | +0.0100% | 4h | 1.5112 | long leg | $2.0M | $1.5M | 25x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5126 | +0.093% | $127K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5120 | +0.053% | $704K | $121K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.5148 | +0.238% | $588K | $199K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.119% | $670K | $642K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5129 | +0.114% | $3K | $132K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORCA-USDT | +0.0131% | 4h | 1.5100 | −0.079% | $226K | $60K | 50x | as long as short |
| Variational Omni ORCA | +0.0301% | 4h | 1.5088 | −0.160% | $29K | $10K | — | as long as short |
BloFin ORCA-USDT
Variational Omni ORCA