Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%
Price spread now: KuCoin against Binance+0.145%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$289as in the Funding arb table
Net, price: spread back to 7d avg − costs−$292as in the Price arb table
costs, in and out, $10k−$2992.987% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.145%, 7d avg +0.081%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.063% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5145 | 0.0100 | pay 0.0050% / 4h | 45m 39s | $3.5M | $5.5M | 50x |
| Short | KuCoin ORCAUSDTM | 1.5167 | 0.0100 | get 0.0050% / 4h | 45m 39s | $582K | $206K | 30x |
Binance ORCAUSDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.145% → +0.081%
- $6.35
- Slippage, 4 orders
- −$276.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$292.32
- Costs to cover
- 2.987%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 17 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, 7 min ago | 3.30 bp | 17.0 bp −$17 | 90.7 bp −$907 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 17 min ago | 8.28 bp | 70.1 bp −$70 | 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 | −0.0440% | 1h | 1.5153 | +0.051% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5120 | −0.166% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0094% | 4h | 1.5140 | −0.034% | $228K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5140 | −0.036% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5145 | long leg | $3.5M | $5.5M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5144 | −0.007% | $127K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5140 | −0.034% | $705K | $139K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.5167 | +0.145% | $582K | $206K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5140 | −0.034% | $703K | $556K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5142 | −0.020% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1435% | 4h | 1.5105 | −0.265% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1672% | 4h | 1.5111 | −0.228% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA