Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h +0.071%
Price spread now: KuCoin against BloFin+0.166%65s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$471as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4794.785% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.166%, 7d avg +0.057%
=The price spread pays, funding is against you. KuCoin is 0.110% dearer against BloFin than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.057%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.072%, so the current rate has only just turned against you. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.5030 | 0.0145 | pay 0.0072% / 4h | 3h 18m | $226K | $60K | 50x |
| Short | KuCoin ORCAUSDTM | 1.5055 | 0.0100 | get 0.0050% / 4h | 3h 18m | $585K | $199K | 30x |
BloFin ORCA-USDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$9.35
- Price spread: +0.166% → +0.057%
- $10.96
- Slippage, 4 orders
- −$454.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$476.94
- Costs to cover
- 4.785%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; KuCoin: live order book, 56 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 BloFin live order book, 3 min ago | 6.66 bp | 14.9 bp −$15 | 42.8 bp −$428 | 486.5 bp −$48.7K | doesn't fit |
| Sell KuCoin live order book, 56 min ago | 8.58 bp | 139.0 bp −$139 | 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 | −0.0726% | 1h | 1.5056 | +0.173% | $9K | $12K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5030 | 0.000% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5038 | +0.052% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5036 | +0.037% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5037 | +0.047% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5031 | +0.007% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5030 | 0.000% | $699K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.5055 | +0.166% | $585K | $199K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5030 | 0.000% | $665K | $646K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5027 | −0.019% | $2K | $110K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORCA-USDTlong | +0.0145% | 4h | 1.5030 | long leg | $226K | $60K | 50x | |
| Variational Omni ORCA | +0.0217% | 4h | 1.5017 | −0.087% | $29K | $10K | — | as long as short |
Variational Omni ORCA