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: Bitget against Gate−0.040%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.040%, 7d avg +0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.052% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCA_USDT | 1.5056 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $126K | $46K | 25x |
| Short | Bitget ORCAUSDT | 1.5050 | 0.0100 | get 0.0050% / 4h | 1h 44m | $695K | $519K | 25x |
Gate ORCA_USDT
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.040% → +0.013%
- −$5.25
- Slippage, 4 orders
- −$106.84
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$139.09
- Costs to cover
- 1.338%
- Break-even
- never at this rate
Slippage from Gate: live order book, 31 min ago; Bitget: live order book, 36 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, 31 min ago | 8.30 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 36 min ago | 9.94 bp | 31.8 bp −$32 | 79.3 bp −$793 | 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 | 1.5089 | +0.222% | $9K | $14K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0049% | 4h | 1.5100 | +0.292% | $231K | $58K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5060 | +0.027% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5069 | +0.088% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5060 | +0.027% | $3.5M | $5.4M | 50x | as long as short |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.5056 | long leg | $126K | $46K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5060 | +0.027% | $689K | $142K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5088 | +0.213% | $577K | $205K | 30x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5050 | −0.040% | $695K | $519K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5063 | +0.047% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1797% | 4h | 1.5033 | −0.153% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1955% | 4h | 1.5022 | −0.229% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA