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Funding arb · Price arb /

ORCA

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.1524%/8h= −166.9% APRnext payment −$7.62 per $10,000 · paid last 24h −0.285%
Price spread now: Aster against Variational Omni+0.335%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Aster
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 · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.335% dearer against Variational Omni than usual: you sell high and buy low (spread +0.335% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 18 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ORCA1.50880.1624pay 0.0812% / 4h37m 29s$28K$12K—
ShortAster ORCAUSDT1.51380.0100get 0.0050% / 4h37m 29s$44K$44K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$320.1
Price spread: +0.335% → 0.000%
$33.52
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$294.58
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample—————
Sell Aster no order-book sample—————
Variational Omni and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.0440%1h1.5130+0.278%$9K$14K10xas long as short
BingX ORCA-USDT+0.0070%4h1.5120+0.215%—$6.6M—as long as short
Aster ORCAUSDTshort+0.0100%4h1.5138+0.335%$44K$44K5x
Binance ORCAUSDT+0.0100%4h1.5113+0.166%$3.5M$5.5M50xas long as short
Gate ORCA_USDT+0.0100%4h1.5134+0.307%$127K$46K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5120+0.215%$705K$139K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.5161+0.486%$582K$207K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.5120+0.215%$701K$556K25xas long as short
Extended ORCA-USD+0.0104%1h1.5117+0.197%$3K$155K5xas long as short
BloFin ORCA-USDT+0.0159%4h1.5140+0.347%$230K$60K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ORCAUSDT+0.1351%4h1.5087−0.004%$2.1M$1.4M25xas long as short
Variational Omni ORCAlong+0.1624%4h1.5088long leg$28K$12K—