ORCA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixORCA	1.6770	−0.0047	get 0.0006% / 1h	55m 17s	$53K	$14K	5x	Long Phoenix
SHORT	ExtendedORCA-USD	1.6726	+0.0104	get 0.0013% / 1h	55m 17s	$16K	$204K	5x	Short Extended10% off

Price gap−0.263%

Funding gap+0.0151% /8h

Funding pays +$5 a day on $10k, but the gap is 0.263% under zero (no 7-day history yet): −$26 if it goes back, about 5.8 days of funding. At the last 7 days' pace that is about 30 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$146+0.0151% /8h now · paid +1.458% over the last 7D

Price—spread −0.263% now · no price history on both exchanges yet

Costsno datano order book for Phoenix

Result, before costs—+ Points / potential airdropExtended: points · farm boardneeds both price histories

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.263%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ORCA on 12 exchanges

lowest funding first

Before you open

3 ok · 1 to watch

Note: Order book unknown—
No order-book sample for Phoenix: its slippage is not counted.
Note: Margin at max leverage$2,000 + $2,000
Phoenix 5x, Extended 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$4.54Long Phoenix: 24 payments, +$1.42; short Extended: 24 payments, +$3.12.
Note: No 7-day spread history−0.263%
The gap cannot be compared with its average yet.
Watch: Short leg is thinner$16K vs $53K OI
Extended sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
OK: No KYC on either legPhoenix No · Extended No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0694%/8h × 21 periods+$145.80

Price spread−0.263% → 0−$26.32

Slippage, 4 ordersno data for Phoenix—

Fee Phoenix bp × 2 orders−$7.00

Fee Extended bp × 2 orders−$5.00

Net, fees only · 7 days · $10k+$107.48

Costs to cover0.120%Break-even1.8 days

Slippage: Phoenix: no order-book sample; Extended: live order book, 50 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix—————

SELL · SHORTExtended3.0815.4 bp−$1592.0 bp−$920doesn’t fitdoesn’t fit

Closing costs about the same again.
Phoenix: no data.

ORCA news

posts that mention ORCA, from every exchangeSearch all news →

10-14 10:00	HTX	Other	Earn up to 30% APY on Flexible Earn! ORCA, TAO, 4STOCK, MONAD & LIT Limited-time subsidies. Don’t miss out! @HTX_Global on X ↗
10-13 18:55	Phoenix	Listing	Now live on Phoenix: $TLT - 20x leverage $IBM - 10x leverage $TXN - 5x leverage $ORCA - 5x leverage @PhoenixTrade on X ↗
10-13 17:00	Phoenix	Listing	new market ORCA ($ORCA) seen by our collector