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: Bitget against KuCoin−0.093%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$443as in the Funding arb table
Net, price: spread back to 7d avg − costs−$439as in the Price arb table
costs, in and out, $10k−$4384.379% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.093%, 7d avg −0.080%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5114 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $578K | $205K | 30x |
| Short | Bitget ORCAUSDT | 1.5100 | 0.0100 | get 0.0050% / 4h | 1h 43m | $697K | $519K | 25x |
KuCoin ORCAUSDTM
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.093% → −0.080%
- −$1.31
- Slippage, 4 orders
- −$413.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$439.18
- Costs to cover
- 4.379%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 29 min ago; Bitget: live order book, 37 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, 29 min ago | 9.29 bp | 267.2 bp −$267 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 37 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 | 1.5071 | −0.287% | $9K | $14K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0049% | 4h | 1.5100 | −0.093% | $231K | $58K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5080 | −0.225% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5105 | −0.060% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5103 | −0.075% | $3.5M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5102 | −0.079% | $127K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | −0.159% | $690K | $142K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.5114 | long leg | $578K | $205K | 30x | |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5100 | −0.093% | $697K | $519K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5097 | −0.110% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1803% | 4h | 1.5071 | −0.285% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1955% | 4h | 1.5022 | −0.612% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA