Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate+0.039%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1141.143% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.039%, 7d avg +0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.028% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCA_USDT | 1.5086 | 0.0100 | pay 0.0050% / 4h | 1h 00m | $127K | $47K | 25x |
| Short | Binance ORCAUSDT | 1.5092 | 0.0100 | get 0.0050% / 4h | 1h 00m | $3.5M | $5.5M | 50x |
Gate ORCA_USDT
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- Price spread: +0.039% → +0.012%
- $2.75
- Slippage, 4 orders
- −$89.34
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$111.59
- Costs to cover
- 1.143%
- Break-even
- never at this rate
Slippage from Gate: live order book, 10 min ago; Binance: live order book, 8 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 Gate live order book, 10 min ago | 9.30 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 3.32 bp | 19.6 bp −$20 | 69.7 bp −$697 | 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 | −0.0177% | 1h | 1.5079 | −0.045% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5070 | −0.106% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0087% | 4h | 1.5080 | −0.040% | $229K | $59K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5079 | −0.049% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5092 | +0.039% | $3.5M | $5.5M | 50x | |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.5086 | long leg | $127K | $47K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | +0.027% | $703K | $147K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5099 | +0.086% | $576K | $206K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5100 | +0.093% | $703K | $556K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5077 | −0.061% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1479% | 4h | 1.5059 | −0.179% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1631% | 4h | 1.5037 | −0.322% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA