Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bitget against Extended−0.006%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1161.160% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.006%, 7d avg +0.026%
=Together, before fees+0.134%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.032% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.5091 | 0.0104 | pay 0.0013% / 1h | 46m 52s | $3K | $157K | 5x |
| Short | Bitget ORCAUSDT | 1.5090 | 0.0100 | get 0.0050% / 4h | 3h 46m | $686K | $574K | 25x |
Extended ORCA-USD
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.006% → +0.026%
- −$3.17
- Slippage, 4 orders
- −$98.96
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$119.97
- Costs to cover
- 1.160%
- Break-even
- never at this rate
Slippage from Extended: live order book, 24 min ago; Bitget: live order book, 23 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, 24 min ago | 6.67 bp | 35.4 bp −$35 | 238.7 bp −$2,387 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 23 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 | +0.039% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5080 | −0.072% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5090 | −0.006% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5095 | +0.025% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5056 | −0.231% | $2.1M | $1.4M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5088 | −0.019% | $125K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | −0.006% | $703K | $138K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5115 | +0.160% | $579K | $207K | 30x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5090 | −0.006% | $686K | $574K | 25x | |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5091 | long leg | $3K | $157K | 5x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTMShow 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 | −0.204% | $228K | $60K | 50x | as long as short |
| Variational Omni ORCA | +0.1131% | 4h | 1.5055 | −0.240% | $28K | $12K | — | as long as short |
BloFin ORCA-USDT
Variational Omni ORCA