Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ORCA

all ORCA markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC−0.0866%/8h= −94.8% APRnext payment −$4.33 per $10,000 · paid last 24h −0.348%
Price spread now: Binance against Variational Omni+0.187%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 Binance
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 · farm boardneeds both histories
The price spread pays, funding is against you. Binance is 0.187% dearer against Variational Omni than usual: you sell high and buy low (spread +0.187% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 17 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ORCA1.51860.0966pay 0.0483% / 4h3h 21m$28K$12K—
ShortBinance ORCAUSDT1.52150.0100get 0.0050% / 4h3h 21m$3.5M$5.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$181.86
Price spread: +0.187% → 0.000%
$18.73
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$173.13
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 2 min ago. 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 Binance live order book, 2 min ago3.28 bp17.2 bp −$1764.5 bp −$645doesn't fitdoesn't fit
Variational Omni: 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−0.0409%1h1.5220+0.223%$9K$14K10xas long as short
BloFin ORCA-USDT+0.0067%4h1.5220+0.221%$228K$60K50xas long as short
BingX ORCA-USDT+0.0070%4h1.5220+0.221%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.5246+0.394%$45K$44K5xas long as short
Binance ORCAUSDTshort+0.0100%4h1.5215+0.187%$3.5M$5.6M50x
Gate ORCA_USDT+0.0100%4h1.5232+0.300%$127K$47K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5210+0.155%$700K$142K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.5267+0.530%$592K$208K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.5210+0.155%$683K$588K25xas long as short
Extended ORCA-USD+0.0104%1h1.5213+0.174%$2K$141K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ORCAUSDT+0.0480%4h1.5206+0.128%$2.1M$1.4M25xas long as short
Variational Omni ORCAlong+0.0966%4h1.5186long leg$28K$12K—