Funding you earn now, next payment 03:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h −0.063%
Price spread now: BloFin against Extended+0.159%7-day average +0.059% · 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−$98as in the Price arb table
costs, in and out, $10k−$1081.083% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.159%, 7d avg +0.059%
=Together, before fees+0.119%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.099% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.5116 | 0.0104 | pay 0.0013% / 1h | 41m 09s | $3K | $130K | 5x |
| Short | BloFin ORCA-USDT | 1.5140 | 0.0151 | get 0.0076% / 4h | 1h 41m | $227K | $59K | 50x |
Extended ORCA-USD
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $9.96
- Price spread: +0.159% → +0.059%
- $9.92
- Slippage, 4 orders
- −$91.31
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.43
- Costs to cover
- 1.083%
- Break-even
- 69.2 days
Slippage from Extended: live order book, 19 min ago; BloFin: live order book, 79 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, 19 min ago | 6.51 bp | 34.4 bp −$34 | 247.3 bp −$2,473 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 79 min ago | 3.30 bp | 9.3 bp −$9 | 35.0 bp −$350 | 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 | −0.0259% | 1h | 1.5109 | −0.048% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5120 | +0.026% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5135 | +0.125% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5111 | −0.034% | $3.4M | $5.4M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5107 | −0.060% | $2.1M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5134 | +0.119% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5120 | +0.026% | $700K | $124K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5120 | +0.026% | $680K | $611K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5116 | long leg | $3K | $130K | 5x | |
| BloFin ORCA-USDTshort | +0.0151% | 4h | 1.5140 | +0.159% | $227K | $59K | 50x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0230% | 4h | 1.5133 | +0.112% | $581K | $203K | 30x | as long as short |
| Variational Omni ORCA | +0.0454% | 4h | 1.5074 | −0.276% | $29K | $11K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA