Funding you earn now, next payment 06:00 UTC+0.0224%/8h= +24.6% APRpaid last 24h +0.299%
Price spread now: Bybit against Extended−0.082%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1171.165% of the position
Funding, last 7 days+0.337%+$34 on $10k
+Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.082%, 7d avg +0.047%
=Together, before fees+0.508%+ Points / potential airdropExtended: Active · farm board+$51 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.129% cheaper against Extended than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.047%). If the spread goes back, that is −$13 on $10k: about 46 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.4866 | 0.0104 | pay 0.0013% / 1h | 39m 07s | $2K | $105K | 5x |
| Short | Bybit ORCAUSDT | 1.4854 | 0.0328 | get 0.0164% / 4h | 2h 39m | $2.0M | $1.5M | 25x |
Extended ORCA-USD
Bybit ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $47.14
- Price spread: −0.082% → +0.047%
- −$12.88
- Slippage, 4 orders
- −$100.54
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.27
- Costs to cover
- 1.165%
- Break-even
- 19.2 days
Slippage from Extended: live order book, 6 min ago; Bybit: live order book, 3 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, 6 min ago | 6.61 bp | 37.3 bp −$37 | 261.2 bp −$2,612 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.36 bp | 19.9 bp −$20 | 93.7 bp −$937 | 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 | −0.0006% | 1h | 1.4859 | −0.047% | $9K | $11K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4870 | +0.026% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0095% | 4h | 1.4860 | −0.041% | $224K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4894 | +0.187% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4870 | +0.026% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4886 | +0.134% | $124K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4870 | +0.026% | $686K | $123K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4893 | +0.181% | $577K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4860 | −0.041% | $651K | $654K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.4866 | long leg | $2K | $105K | 5x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0309% | 4h | 1.4911 | +0.300% | $29K | $10K | — | as long as short |
| Bybit ORCAUSDTshort | +0.0328% | 4h | 1.4854 | −0.082% | $2.0M | $1.5M | 25x |
Variational Omni ORCA