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Funding arb · Price arb /

ORCA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0350%/8h= −38.4% APRpaid last 24h −0.346%
Price spread now: Extended against Variational Omni+0.210%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 Extended
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 · Extended: Active · farm boardneeds both histories
The price spread pays, funding is against you. Extended is 0.210% dearer against Variational Omni than usual: you sell high and buy low (spread +0.210% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 48 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ORCA1.50740.0454pay 0.0227% / 4h1h 44m$29K$11K—
ShortExtended ORCA-USD1.51060.0104get 0.0013% / 1h44m 07s$3K$130K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$73.57
Price spread: +0.210% → 0.000%
$20.99
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$57.58
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 16 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 Extended live order book, 16 min ago6.51 bp36.6 bp −$37246.8 bp −$2,468doesn'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%1h1.5118+0.291%$9K$13K10xas long as short
BingX ORCA-USDT+0.0070%4h1.5110+0.236%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.5121+0.307%$44K$41K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5110+0.236%$3.4M$5.4M50xas long as short
Bybit ORCAUSDT+0.0100%4h1.5107+0.217%$2.1M$1.5M25xas long as short
Gate ORCA_USDT+0.0100%4h1.5118+0.289%$127K$40K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5120+0.303%$700K$124K20xas long as short
Bitget ORCAUSDT+0.0100%4h1.5120+0.303%$681K$609K25xas long as short
Extended ORCA-USDshort+0.0104%1h1.5106+0.210%$3K$130K5x
BloFin ORCA-USDT+0.0114%4h1.5080+0.037%$227K$59K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORCAUSDTM+0.0222%4h1.5143+0.455%$582K$203K30xas long as short
Variational Omni ORCAlong+0.0454%4h1.5074long leg$29K$11K—