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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 00:00 UTC−0.1855%/8h= −203.1% APRnext payment −$9.28 per $10,000 · paid last 24h −0.290%
Price spread now: Gate against Variational Omni+0.569%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 Gate
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. Gate is 0.569% dearer against Variational Omni than usual: you sell high and buy low (spread +0.569% now, against zero (this spread has no 7-day history yet)): +$57 on $10k if it goes back. Holding the pair costs −$56 a day in funding at the current rate, which eats that in about 25 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ORCA1.50220.1955pay 0.0978% / 4h1h 41m$28K$12K—
ShortGate ORCA_USDT1.51070.0100get 0.0050% / 4h1h 41m$127K$46K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$389.57
Price spread: +0.569% → 0.000%
$56.87
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$347.7
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Gate: live order book, 33 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 Gate live order book, 33 min ago8.30 bp41.5 bp −$42doesn't fitdoesn'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−0.0176%1h1.5108+0.577%$9K$14K10xas long as short
BloFin ORCA-USDT+0.0070%4h1.5110+0.589%$231K$58K50xas long as short
BingX ORCA-USDT+0.0070%4h1.5110+0.589%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.5110+0.589%$44K$44K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5105+0.559%$3.5M$5.4M50xas long as short
Gate ORCA_USDTshort+0.0100%4h1.5107+0.569%$127K$46K25x
MEXC ORCA_USDT+0.0100%4h1.5110+0.589%$691K$142K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.5134+0.748%$579K$205K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.5090+0.456%$696K$519K25xas long as short
Extended ORCA-USD+0.0104%1h1.5103+0.541%$3K$155K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ORCAUSDT+0.1812%4h1.5081+0.396%$2.1M$1.3M25xas long as short
Variational Omni ORCAlong+0.1955%4h1.5022long leg$28K$12K—