Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance+0.086%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1201.205% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.086%, 7d avg −0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.100% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5100 | 0.0100 | pay 0.0050% / 4h | 2h 21m | $3.5M | $5.3M | 50x |
| Short | Gate ORCA_USDT | 1.5113 | 0.0100 | get 0.0050% / 4h | 2h 21m | $127K | $47K | 25x |
Binance ORCAUSDT
Gate ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.086% → −0.014%
- $10.02
- Slippage, 4 orders
- −$95.46
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$110.44
- Costs to cover
- 1.205%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Gate: live order book, 61 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, 1 min ago | 3.31 bp | 17.3 bp −$17 | 80.6 bp −$806 | doesn't fit | doesn't fit |
| Sell Gate live order book, 61 min ago | 10.59 bp | 48.9 bp −$49 | doesn't fit | 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 | −0.0790% | 1h | 1.5106 | +0.036% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5100 | 0.000% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5110 | +0.066% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5100 | long leg | $3.5M | $5.3M | 50x | |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.5113 | +0.086% | $127K | $47K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | −0.066% | $691K | $147K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5128 | +0.185% | $578K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5100 | 0.000% | $707K | $505K | 25x | as long as short |
| BloFin ORCA-USDT | +0.0100% | 4h | 1.5110 | +0.066% | $233K | $58K | 50x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5098 | −0.012% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
BloFin ORCA-USDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1964% | 4h | 1.5076 | −0.159% | $29K | $11K | — | as long as short |
| Bybit ORCAUSDT | +0.2080% | 4h | 1.5082 | −0.119% | $2.1M | $1.3M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT