data as of
Settings8H · net · $10k
Funding arb /

ORCA

all ORCA markets
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Funding spread now, next payment 20:00 UTC−0.2562%/8h
next payment, per $10,000$12.81paid, last 24h−0.170%paid, last 7 days−0.143%to open and close $10k−$96
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $12.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ORCA-USDT1.50200.2662pay 0.1331% / 4h3h 30m$6.6M
ShortBitget ORCAUSDT1.50200.0100get 0.0050% / 4h3h 30m$718K$502K25x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$538.02
Slippage, 4 orders
−$74.33
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$634.35
Break-even
never at this rate
Slippage from BingX: live order book, 13 min ago; Bitget: live order book, 10 min ago.

Price risk

price view
Price gap now
0.000%
Avg gap 7d
−0.042%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 13 min ago9.96 bp20.8 bp −$2167.3 bp −$673595.5 bp −$59.6K1194.7 bp −$597.4K
Sell Bitget live order book, 10 min ago3.33 bp23.8 bp −$2465.3 bp −$653doesn't fitdoesn't fit

ORCA on 12 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.1064%1h$9K$15K10xas long as short
BloFin ORCA-USDT+0.0097%4h$251K$186K50xas long as short
Aster ORCAUSDT+0.0100%4h$44K$48K5xas long as short
Binance ORCAUSDT+0.0100%4h$3.6M$4.9M50xas long as short
Gate ORCA_USDT+0.0100%4h$127K$39K25xas long as short
MEXC ORCA_USDT+0.0100%4h$684K$155K20xas long as short
Bitget ORCAUSDTshort+0.0100%4h$718K$502K25x
Extended ORCA-USD+0.0104%1h$3K$155K5xas long as short
KuCoin ORCAUSDTM+0.0700%4h$565K$191K30xas long as short
Variational Omni ORCA+0.2029%4h$28K$11Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ORCAUSDT+0.2124%4h$2.1M$1.2M25xas long as short
BingX ORCA-USDTlong+0.2662%4h$6.6M