Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance−0.044%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1071.075% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.044%, 7d avg −0.027%
=Together, before fees+0.046%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5142 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $3.4M | $5.4M | 50x |
| Short | Extended ORCA-USD | 1.5136 | 0.0104 | get 0.0013% / 1h | 59m 32s | $4K | $124K | 5x |
Binance ORCAUSDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.044% → −0.027%
- −$1.68
- Slippage, 4 orders
- −$92.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$108.29
- Costs to cover
- 1.075%
- Break-even
- 909.4 days
Slippage from Binance: live order book, 8 min ago; Extended: live order book, 1 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, 8 min ago | 3.31 bp | 19.2 bp −$19 | 80.7 bp −$807 | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 6.51 bp | 36.6 bp −$37 | 246.8 bp −$2,468 | doesn't fit | doesn't fit |
ORCA on 11 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 | −0.0480% | 1h | 1.5132 | −0.072% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5140 | −0.016% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5150 | +0.050% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5142 | long leg | $3.4M | $5.4M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5134 | −0.056% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5140 | −0.016% | $705K | $123K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5140 | −0.016% | $683K | $603K | 25x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5136 | −0.044% | $4K | $124K | 5x | |
| Bybit ORCAUSDT | +0.0172% | 4h | 1.5129 | −0.089% | $2.1M | $1.5M | 25x | as long as short |
| KuCoin ORCAUSDTM | +0.0266% | 4h | 1.5164 | +0.143% | $583K | $205K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Bybit ORCAUSDT
KuCoin ORCAUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0516% | 4h | 1.5124 | −0.119% | $29K | $11K | — | as long as short |
Variational Omni ORCA