Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%
Price spread now: KuCoin against Gate+0.179%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$330as in the Funding arb table
Net, price: spread back to 7d avg − costs−$331as in the Price arb table
costs, in and out, $10k−$3403.397% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.179%, 7d avg +0.092%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.087% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCA_USDT | 1.5119 | 0.0100 | pay 0.0050% / 4h | 55m 04s | $127K | $46K | 25x |
| Short | KuCoin ORCAUSDTM | 1.5146 | 0.0100 | get 0.0050% / 4h | 55m 04s | $579K | $206K | 30x |
Gate ORCA_USDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.179% → +0.092%
- $8.66
- Slippage, 4 orders
- −$312.72
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$331.07
- Costs to cover
- 3.397%
- Break-even
- never at this rate
Slippage from Gate: live order book, 15 min ago; KuCoin: 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, 15 min ago | 9.30 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 8.28 bp | 70.1 bp −$70 | 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 | −0.0441% | 1h | 1.5125 | +0.037% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5120 | +0.007% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5128 | +0.057% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5125 | +0.040% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.5119 | long leg | $127K | $46K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5120 | +0.007% | $705K | $138K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.5146 | +0.179% | $579K | $206K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5120 | +0.007% | $703K | $557K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5122 | +0.019% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0116% | 4h | 1.5140 | +0.139% | $228K | $60K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1440% | 4h | 1.5100 | −0.126% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1695% | 4h | 1.5094 | −0.162% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA