Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.021%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1071.069% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.021%, 7d avg +0.027%
=Together, before fees+0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.5078 | 0.0104 | pay 0.0013% / 1h | 33m 03s | $3K | $155K | 5x |
| Short | Binance ORCAUSDT | 1.5082 | 0.0100 | get 0.0050% / 4h | 33m 03s | $3.5M | $5.5M | 50x |
Extended ORCA-USD
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$0.84
- Price spread: +0.021% → +0.027%
- −$0.57
- Slippage, 4 orders
- −$91.89
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.29
- Costs to cover
- 1.069%
- Break-even
- never at this rate
Slippage from Extended: live order book, 43 min ago; Binance: live order book, 5 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 Extended live order book, 43 min ago | 6.48 bp | 38.4 bp −$38 | 251.1 bp −$2,511 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 3.31 bp | 18.6 bp −$19 | 66.5 bp −$665 | 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 | −0.0442% | 1h | 1.5092 | +0.091% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5060 | −0.123% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0075% | 4h | 1.5070 | −0.056% | $228K | $59K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5089 | +0.071% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5082 | +0.021% | $3.5M | $5.5M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5103 | +0.163% | $127K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | +0.076% | $703K | $139K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5114 | +0.235% | $580K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5080 | +0.010% | $698K | $556K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5078 | long leg | $3K | $155K | 5x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1290% | 4h | 1.5049 | −0.196% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1572% | 4h | 1.5070 | −0.058% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA