Funding you earn now, next payment 04:00 UTC−0.1061%/8h= −116.2% APRnext payment −$5.31 per $10,000 · paid last 24h −0.181%
Price spread now: BingX against Variational Omni+0.168%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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. BingX is 0.168% dearer against Variational Omni than usual: you sell high and buy low (spread +0.168% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ORCA | 1.5055 | 0.1131 | pay 0.0566% / 4h | 3h 46m | $28K | $12K | — |
| Short | BingX ORCA-USDT | 1.5080 | 0.0070 | get 0.0035% / 4h | 3h 46m | — | $6.6M | — |
Variational Omni ORCA
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$222.87
- Price spread: +0.168% → 0.000%
- $16.83
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$216.04
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 11 min ago. Net counts fees only.
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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 11 min ago | 9.93 bp | 20.6 bp −$21 | 59.3 bp −$593 | 468.8 bp −$46.9K | 1114.2 bp −$557.1K |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORCAUSD | −0.0412% | 1h | 1.5097 | +0.279% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDTshort | +0.0070% | 4h | 1.5080 | +0.168% | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5090 | +0.238% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5094 | +0.261% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5060 | +0.035% | $2.1M | $1.4M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5088 | +0.221% | $125K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | +0.235% | $703K | $138K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5117 | +0.414% | $579K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5090 | +0.235% | $686K | $574K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5091 | +0.240% | $3K | $157K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORCA-USDT | +0.0152% | 4h | 1.5060 | +0.035% | $228K | $60K | 50x | as long as short |
| Variational Omni ORCAlong | +0.1131% | 4h | 1.5055 | long leg | $28K | $12K | — |
BloFin ORCA-USDT