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Funding arb · Price arb /

ORCA

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Alert: funding
Measured
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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
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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−0.0354%/8h= −38.8% APRnext payment −$1.77 per $10,000 · paid last 24h −0.048%
Price spread now: Bybit against Variational Omni+0.097%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 Bybit
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. Bybit is 0.097% dearer against Variational Omni than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 22 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ORCA1.50740.0454pay 0.0227% / 4h1h 45m$29K$11K—
ShortBybit ORCAUSDT1.50890.0100get 0.0050% / 4h1h 45m$2.1M$1.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$74.41
Price spread: +0.097% → 0.000%
$9.71
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$75.7
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago6.30 bp25.3 bp −$25165.7 bp −$1,657doesn'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−0.0259%1h1.5090+0.102%$9K$13K10xas long as short
BingX ORCA-USDT+0.0070%4h1.5070−0.029%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.5077+0.019%$44K$41K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5110+0.233%$3.4M$5.4M50xas long as short
Bybit ORCAUSDTshort+0.0100%4h1.5089+0.097%$2.1M$1.5M25x
Gate ORCA_USDT+0.0100%4h1.5095+0.137%$126K$40K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5110+0.236%$704K$124K20xas long as short
Bitget ORCAUSDT+0.0100%4h1.5110+0.236%$681K$608K25xas long as short
Extended ORCA-USD+0.0104%1h1.5076+0.010%$3K$130K5xas long as short
BloFin ORCA-USDT+0.0115%4h1.5080+0.037%—$59K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORCAUSDTM+0.0228%4h1.5135+0.402%$582K$203K30xas long as short
Variational Omni ORCAlong+0.0454%4h1.5074long leg$29K$11K—