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: Binance against Bitget−0.132%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$870.865% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.132%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.133% cheaper against Bitget than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORCAUSDT | 1.5110 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $708K | $507K | 25x |
| Short | Binance ORCAUSDT | 1.5090 | 0.0100 | get 0.0050% / 4h | 2h 24m | $3.5M | $5.3M | 50x |
Bitget ORCAUSDT
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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: −0.132% → +0.001%
- −$13.33
- Slippage, 4 orders
- −$64.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$99.86
- Costs to cover
- 0.865%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 60 min ago; Binance: live order book, 13 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 Bitget live order book, 60 min ago | 6.62 bp | 20.5 bp −$20 | 75.8 bp −$758 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 3.31 bp | 18.4 bp −$18 | 72.8 bp −$728 | 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 | 1.5103 | −0.046% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5080 | −0.199% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5102 | −0.055% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5090 | −0.132% | $3.5M | $5.3M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5102 | −0.053% | $127K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | −0.132% | $691K | $147K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5120 | +0.066% | $578K | $204K | 30x | as long as short |
| Bitget ORCAUSDTlong | +0.0100% | 4h | 1.5110 | long leg | $708K | $507K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5088 | −0.145% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0136% | 4h | 1.5080 | −0.199% | $233K | $58K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Extended ORCA-USD
BloFin ORCA-USDTShow 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 | −0.225% | $29K | $11K | — | as long as short |
| Bybit ORCAUSDT | +0.2006% | 4h | 1.5082 | −0.185% | $2.1M | $1.3M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT