Funding you earn now, next payment 20:00 UTC+0.0034%/8hpaid last 24h −0.169%
Price spread now: Extended against BingX+0.016%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1101.095% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.016%, 7d avg −0.069%
=Together, before fees−0.284%+ Points / potential airdropExtended: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.085% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.069%. Mind the row above: over the last 7 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORCA-USDT | 1.4950 | 0.0070 | pay 0.0035% / 4h | 6m 42s | — | $6.6M | — |
| Short | Extended ORCA-USD | 1.4952 | 0.0104 | get 0.0013% / 1h | 6m 42s | $3K | $155K | 5x |
BingX ORCA-USDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BingX. 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
- $7.14
- Price spread: +0.016% → −0.069%
- $8.48
- Slippage, 4 orders
- −$94.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$93.89
- Costs to cover
- 1.095%
- Break-even
- 99.1 days
Slippage from BingX: live order book, 5 min ago; Extended: live order book, 23 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 BingX live order book, 5 min ago | 3.35 bp | 15.7 bp −$16 | 57.9 bp −$579 | 682.2 bp −$68.2K | 1211.0 bp −$605.5K |
| Sell Extended live order book, 23 min ago | 6.88 bp | 39.6 bp −$40 | 276.2 bp −$2,762 | 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 | −0.1219% | 1h | 1.4956 | +0.040% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.4950 | long leg | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4962 | +0.082% | $44K | $45K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4954 | +0.025% | $3.5M | $5.2M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4954 | +0.027% | $126K | $43K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4950 | 0.000% | $686K | $153K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4940 | −0.067% | $718K | $516K | 25x | as long as short |
| BloFin ORCA-USDT | +0.0101% | 4h | 1.4960 | +0.067% | $165K | $56K | 50x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.4952 | +0.016% | $3K | $155K | 5x | |
| KuCoin ORCAUSDTM | +0.0118% | 4h | 1.4973 | +0.154% | $572K | $201K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
BloFin ORCA-USDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1612% | 4h | 1.4921 | −0.194% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1872% | 4h | 1.4921 | −0.191% | $28K | $11K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA