Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Gate against Extended+0.133%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1431.425% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.133%, 7d avg +0.017%
=Together, before fees−0.120%+ Points / potential airdropExtended: Active · farm board−$12 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: Gate is 0.116% dearer against Extended than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.4961 | 0.0104 | pay 0.0013% / 1h | 43m 54s | $2K | $105K | 5x |
| Short | Gate ORCA_USDT | 1.4981 | 0.0100 | get 0.0050% / 4h | 2h 43m | $125K | $36K | 25x |
Extended ORCA-USD
Gate ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.133% → +0.017%
- $11.62
- Slippage, 4 orders
- −$122.53
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$131.75
- Costs to cover
- 1.425%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Gate: live order book, 62 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, 2 min ago | 6.61 bp | 37.3 bp −$37 | 261.2 bp −$2,612 | doesn't fit | doesn't fit |
| Sell Gate live order book, 62 min ago | 13.21 bp | 34.7 bp −$35 | 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 | −0.0006% | 1h | 1.4956 | −0.036% | $9K | $11K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4960 | −0.007% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4980 | +0.127% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4965 | +0.026% | $3.5M | $5.6M | 50x | as long as short |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.4981 | +0.133% | $125K | $36K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4970 | +0.060% | $690K | $123K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4989 | +0.187% | $581K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4970 | +0.060% | $657K | $653K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.4961 | long leg | $2K | $105K | 5x | |
| BloFin ORCA-USDT | +0.0150% | 4h | 1.4960 | −0.007% | $225K | $60K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0345% | 4h | 1.4965 | +0.029% | $29K | $10K | — | as long as short |
| Bybit ORCAUSDT | +0.0396% | 4h | 1.4962 | +0.006% | $2.0M | $1.5M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT