Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Gate−0.173%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1481.481% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.173%, 7d avg −0.016%
=Together, before fees+0.151%+ Points / potential airdropExtended: Active · farm board+$15 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: Extended is 0.158% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCA_USDT | 1.5102 | 0.0100 | pay 0.0050% / 4h | 11m 16s | $127K | $46K | 25x |
| Short | Extended ORCA-USD | 1.5076 | 0.0104 | get 0.0013% / 1h | 11m 16s | $3K | $155K | 5x |
Gate ORCA_USDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.173% → −0.016%
- −$15.76
- Slippage, 4 orders
- −$128.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$163.01
- Costs to cover
- 1.481%
- Break-even
- 1365.4 days
Slippage from Gate: live order book, 59 min ago; Extended: live order book, 64 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, 59 min ago | 9.30 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 64 min ago | 6.48 bp | 31.9 bp −$32 | 244.9 bp −$2,449 | 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 | −0.0442% | 1h | 1.5081 | −0.137% | $9K | $14K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0069% | 4h | 1.5090 | −0.079% | $228K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5080 | −0.146% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5092 | −0.069% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5079 | −0.153% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.5102 | long leg | $127K | $46K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5080 | −0.146% | $703K | $140K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5118 | +0.106% | $581K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5070 | −0.212% | $684K | $570K | 25x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5076 | −0.173% | $3K | $155K | 5x |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1104% | 4h | 1.5051 | −0.338% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1311% | 4h | 1.5053 | −0.326% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA