Funding you earn now, next payment 12:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.030%
Price spread now: BloFin against Binance+0.123%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.291%+$29 · spread now +0.123%, 7d avg +0.021%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.102% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.4882 | 0.0100 | pay 0.0050% / 4h | 3h 26m | $3.4M | $5.4M | 50x |
| Short | BloFin ORCA-USDT | 1.4900 | 0.0108 | get 0.0054% / 4h | 3h 26m | $222K | $58K | 50x |
Binance ORCAUSDT
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $1.76
- Price spread: +0.123% → +0.021%
- $10.17
- Slippage, 4 orders
- −$51.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$61.86
- Costs to cover
- 0.738%
- Break-even
- 253.3 days
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 39 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, 11 min ago | 3.35 bp | 20.3 bp −$20 | 99.6 bp −$996 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 39 min ago | 3.35 bp | 14.0 bp −$14 | 50.0 bp −$500 | 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 | −0.0603% | 1h | 1.4875 | −0.042% | $9K | $8K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4870 | −0.078% | — | $6.6M | — | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.4882 | long leg | $3.4M | $5.4M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4886 | +0.029% | $124K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4880 | −0.011% | $686K | $122K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4880 | −0.011% | $664K | $671K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4877 | −0.029% | $4K | $209K | 5x | as long as short |
| BloFin ORCA-USDTshort | +0.0108% | 4h | 1.4900 | +0.123% | $222K | $58K | 50x | |
| Aster ORCAUSDT | +0.0130% | 4h | 1.4891 | +0.059% | $44K | $34K | 5x | as long as short |
| KuCoin ORCAUSDTM | +0.0174% | 4h | 1.4903 | +0.143% | $544K | $202K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
Aster ORCAUSDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0740% | 4h | 1.4870 | −0.078% | $2.0M | $1.6M | 25x | as long as short |
| Variational Omni ORCA | +0.1024% | 4h | 1.4848 | −0.229% | $32K | $13K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA