Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance+0.031%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$930.928% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.031%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.036% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.4965 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $3.5M | $5.4M | 50x |
| Short | Bitget ORCAUSDT | 1.4970 | 0.0100 | get 0.0050% / 4h | 3h 54m | $668K | $665K | 25x |
Binance ORCAUSDT
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $0
- Price spread: +0.031% → −0.006%
- $3.64
- Slippage, 4 orders
- −$70.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$89.21
- Costs to cover
- 0.928%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 41 min ago.
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 Binance live order book, 13 min ago | 3.34 bp | 21.6 bp −$22 | 111.5 bp −$1,115 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 41 min ago | 6.72 bp | 23.9 bp −$24 | 66.5 bp −$665 | doesn't fit | doesn't fit |
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 | −0.0600% | 1h | 1.4957 | −0.055% | $9K | $8K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0059% | 4h | 1.4960 | −0.036% | $223K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4950 | −0.103% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4952 | −0.091% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.4965 | long leg | $3.5M | $5.4M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4965 | −0.003% | $125K | $35K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4960 | −0.036% | $689K | $120K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4984 | +0.124% | $547K | $202K | 30x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.4970 | +0.031% | $668K | $665K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.4956 | −0.065% | $1K | $210K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0983% | 4h | 1.4958 | −0.052% | $29K | $10K | — | as long as short |
| Bybit ORCAUSDT | +0.1280% | 4h | 1.4946 | −0.130% | $2.0M | $1.5M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT