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Funding arb · Price arb /

ORCA

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Alert: spread
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Funding you earn now, next payment 12:00 UTC+0.0914%/8h= +100.1% APRnext payment +$4.57 per $10,000 · paid last 24h +0.223%
Price spread now: Variational Omni against BingX−0.143%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BingXShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.143% cheaper against BingX than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 13 hours of funding at the current rate (+$27 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ORCA-USDT1.49800.0070pay 0.0035% / 4h3h 50m—$6.6M—
ShortVariational Omni ORCA1.49590.0984get 0.0492% / 4h3h 50m$29K$10K—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$191.9
Price spread: −0.143% → 0.000%
−$14.33
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$167.57
Costs to cover
0.100%
Break-even
0.9 days
Slippage unknown: BingX: live order book, 2 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 2 min ago6.69 bp24.5 bp −$2480.3 bp −$803713.4 bp −$71.3K1206.2 bp −$603.1K
Sell Variational Omni no order-book sample—————
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ORCA on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.0600%1h1.4963−0.116%$9K$8K10xas long as short
BloFin ORCA-USDT+0.0069%4h1.4950−0.200%$222K$60K50xas long as short
BingX ORCA-USDTlong+0.0070%4h1.4980long leg—$6.6M—
Aster ORCAUSDT+0.0100%4h1.4971−0.062%$44K$38K5xas long as short
Binance ORCAUSDT+0.0100%4h1.4971−0.061%$3.5M$5.4M50xas long as short
Gate ORCA_USDT+0.0100%4h1.4965−0.100%$125K$35K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.4970−0.067%$690K$121K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.4988+0.053%$566K$202K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.49800.000%$669K$665K25xas long as short
Extended ORCA-USD+0.0104%1h1.4967−0.089%$1K$210K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ORCAshort+0.0984%4h1.4959−0.143%$29K$10K—
Bybit ORCAUSDT+0.1233%4h1.4959−0.140%$2.0M$1.5M25xas long as short