ORCA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0311%/8h= +34.0% APRnext payment +$1.55 per $10,000 · paid last 24h +0.348%

Price spread now: Variational Omni against Gate−0.534%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.534% cheaper against Gate than usual: you would sell low and buy high (spread −0.534% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$53 on $10k: about 5.7 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORCA_USDT	1.5177	0.0100	pay 0.0050% / 4h	1h 22m	$127K	$40K	25x
Short	Variational Omni ORCA	1.5096	0.0411	get 0.0205% / 4h	1h 22m	$29K	$10K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Variational OmnibpOrdersPrice spread, now −0.534%Rate

Funding earned: $65.28
Price spread: −0.534% → 0.000%: −$53.43
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.15
Costs to cover: 0.150%
Break-even: 7.3 days

Slippage unknown: Gate: live order book, 33 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 33 min ago	12.21 bp	32.3 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0257%	1h	1.5201	+0.155%	$9K	$13K	10x	as long as short
BingX ORCA-USDT	+0.0070%	4h	1.5190	+0.086%	—	$6.6M	—	as long as short
Aster ORCAUSDT	+0.0100%	4h	1.5198	+0.138%	$45K	$41K	5x	as long as short
Binance ORCAUSDT	+0.0100%	4h	1.5189	+0.077%	$3.5M	$5.4M	50x	as long as short
Gate ORCA_USDTlong	+0.0100%	4h	1.5177	long leg	$127K	$40K	25x
MEXC ORCA_USDT	+0.0100%	4h	1.5190	+0.086%	$701K	$126K	20x	as long as short
Bitget ORCAUSDT	+0.0100%	4h	1.5190	+0.086%	$683K	$614K	25x	as long as short
Extended ORCA-USD	+0.0104%	1h	1.5186	+0.058%	$3K	$130K	5x	as long as short
BloFin ORCA-USDT	+0.0133%	4h	1.5160	−0.112%	$228K	$60K	50x	as long as short
Bybit ORCAUSDT	+0.0158%	4h	1.5177	0.000%	$2.1M	$1.5M	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORCAUSDTM	+0.0182%	4h	1.5225	+0.316%	$590K	$204K	30x	as long as short
Variational Omni ORCAshort	+0.0411%	4h	1.5096	−0.534%	$29K	$10K	—