Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%
Price spread now: Binance against KuCoin−0.178%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$490as in the Funding arb table
Net, price: spread back to 7d avg − costs−$491as in the Price arb table
costs, in and out, $10k−$4824.820% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.178%, 7d avg −0.087%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.091% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.087%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5032 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $584K | $199K | 30x |
| Short | Binance ORCAUSDT | 1.5005 | 0.0100 | get 0.0050% / 4h | 3h 09m | $3.5M | $5.5M | 50x |
KuCoin ORCAUSDTM
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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: −0.178% → −0.087%
- −$9.07
- Slippage, 4 orders
- −$459.96
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$491.03
- Costs to cover
- 4.820%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 64 min ago; Binance: live order book, 13 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 KuCoin live order book, 64 min ago | 8.58 bp | 305.7 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 3.33 bp | 18.8 bp −$19 | 69.4 bp −$694 | 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 | −0.0729% | 1h | 1.5001 | −0.207% | $9K | $12K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5000 | −0.213% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5015 | −0.116% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5005 | −0.178% | $3.5M | $5.5M | 50x | |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.4981 | −0.339% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5022 | −0.067% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4990 | −0.279% | $698K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.5032 | long leg | $584K | $199K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4990 | −0.279% | $662K | $645K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4996 | −0.241% | $2K | $105K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORCA-USDT | +0.0113% | 4h | 1.5020 | −0.080% | $225K | $60K | 50x | as long as short |
| Variational Omni ORCA | +0.0269% | 4h | 1.5000 | −0.215% | $29K | $10K | — | as long as short |
BloFin ORCA-USDT
Variational Omni ORCA