Funding you earn now, next payment 04:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.47 per $10,000 · paid last 24h +0.027%
Price spread now: KuCoin against Bitget+0.204%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$512as in the Funding arb table
Net, price: spread back to 7d avg − costs−$505as in the Price arb table
costs, in and out, $10k−$5175.170% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.204%, 7d avg +0.089%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.115% dearer against Bitget than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.089%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORCAUSDT | 1.5180 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $676K | $635K | 25x |
| Short | KuCoin ORCAUSDTM | 1.5211 | 0.0194 | get 0.0097% / 4h | 1h 07m | $588K | $206K | 30x |
Bitget ORCAUSDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $19.74
- Price spread: +0.204% → +0.089%
- $11.52
- Slippage, 4 orders
- −$492.96
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$485.7
- Costs to cover
- 5.170%
- Break-even
- 179.2 days
Slippage from Bitget: live order book, 53 min ago; KuCoin: live order book, 16 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, 53 min ago | 9.92 bp | 24.2 bp −$24 | 77.4 bp −$774 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 16 min ago | 9.21 bp | 173.3 bp −$173 | 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 | −0.0258% | 1h | 1.5183 | +0.017% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5190 | +0.066% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5209 | +0.193% | $45K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5183 | +0.019% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5203 | +0.152% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5190 | +0.066% | $701K | $127K | 20x | as long as short |
| Bitget ORCAUSDTlong | +0.0100% | 4h | 1.5180 | long leg | $676K | $635K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5179 | −0.008% | $2K | $130K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0157% | 4h | 1.5190 | +0.066% | $229K | $60K | 50x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0194% | 4h | 1.5211 | +0.204% | $588K | $206K | 30x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0217% | 4h | 1.5177 | −0.020% | $2.1M | $1.5M | 25x | as long as short |
| Variational Omni ORCA | +0.0462% | 4h | 1.5203 | +0.152% | $29K | $10K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA