ORCA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedORCA-USD	1.6858	+0.0104	pay 0.0013% / 1h	52m 16s	$16K	$202K	5x	Long Extended10% off
SHORT	PhoenixORCA	1.6884	−0.0047	pay 0.0006% / 1h	52m 16s	$54K	$15K	5x	Short Phoenix

Price gap+0.153%79s

Funding gap−0.0151% /8h

The gap pays +$15 on $10k if it goes back to zero (no 7-day history yet), but funding costs $5 a day and eats that in about 3.4 days. At the last 7 days' pace that is about 18 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$146−0.0151% /8h now · paid −1.458% over the last 7D

Price—spread +0.153%79s now · prices read too far apart to compare

Costsno datano order book for Phoenix

Result, before costs—+ Points / potential airdropExtended: points · farm boardneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.153%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ORCA on 12 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Phoenix: its slippage is not counted.
Note: Margin at max leverage$2,000 + $2,000
Extended 5x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$4.54Long Extended: 24 payments, −$3.12; short Phoenix: 24 payments, −$1.42.
Watch: Prices read 79 s apart+0.153% vs —
Part of this gap may be the market moving.
Watch: Long leg is thinner$16K vs $54K OI
Extended sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
OK: No KYC on either legExtended No · Phoenix No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0694%/8h × 21 periods−$145.80

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Phoenix—

Fee Extended bp × 2 orders−$5.00

Fee Phoenix bp × 2 orders−$7.00

Net, fees only · 7 days · $10k−$157.80

price spread not counted: prices read too far apart

Costs to cover0.120%Break-evennever at this rate

Slippage: Extended: live order book, 58 min ago; Phoenix: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGExtended3.2712.3 bp−$1270.5 bp−$705doesn’t fitdoesn’t fit

SELL · SHORTPhoenix—————

Closing costs about the same again.
Phoenix: no data.

ORCA news

posts that mention ORCA, from every exchangeSearch all news →

10-14 10:00	HTX	Other	Earn up to 30% APY on Flexible Earn! ORCA, TAO, 4STOCK, MONAD & LIT Limited-time subsidies. Don’t miss out! @HTX_Global on X ↗
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10-13 17:00	Phoenix	Listing	new market ORCA ($ORCA) seen by our collector