Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.100%
Price spread now: BloFin against KuCoin−0.198%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$430as in the Funding arb table
Net, price: spread back to 7d avg − costs−$437as in the Price arb table
costs, in and out, $10k−$4214.209% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 3 days (all we have)+0.135%+$13 · spread now −0.198%, 7d avg −0.040%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.158% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5150 | 0.0100 | pay 0.0050% / 4h | 1h 28m | $578K | $206K | 30x |
| Short | BloFin ORCA-USDT | 1.5120 | 0.0071 | get 0.0036% / 4h | 1h 28m | $231K | $58K | 50x |
KuCoin ORCAUSDTM
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$6.02
- Price spread: −0.198% → −0.040%
- −$15.78
- Slippage, 4 orders
- −$396.88
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$442.69
- Costs to cover
- 4.209%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 44 min ago; BloFin: live order book, 47 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, 44 min ago | 9.29 bp | 267.2 bp −$267 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 47 min ago | 6.64 bp | 16.7 bp −$17 | 49.3 bp −$493 | 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 | −0.0176% | 1h | 1.5134 | −0.108% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5120 | −0.198% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDTshort | +0.0071% | 4h | 1.5120 | −0.198% | $231K | $58K | 50x | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5128 | −0.146% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5125 | −0.167% | $3.5M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5114 | −0.238% | $127K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5130 | −0.132% | $705K | $144K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.5150 | long leg | $578K | $206K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5120 | −0.198% | $691K | $535K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5122 | −0.187% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1581% | 4h | 1.5094 | −0.370% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1825% | 4h | 1.5081 | −0.455% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA