Funding you earn now, next payment 08:00 UTC−0.1055%/8h= −115.5% APRnext payment −$5.27 per $10,000 · paid last 24h −0.295%
Price spread now: Aster against Bybit+0.122%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.122% dearer against Bybit than usual: you sell high and buy low (spread +0.122% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.4926 | 0.1155 | pay 0.0577% / 4h | 40m 27s | $2.0M | $1.6M | 25x |
| Short | Aster ORCAUSDT | 1.4944 | 0.0100 | get 0.0050% / 4h | 40m 27s | $44K | $37K | 5x |
Bybit ORCAUSDT
Aster ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. 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
- −$221.52
- Price spread: +0.122% → 0.000%
- $12.19
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$228.33
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Aster: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 1 min ago | 2.68 bp | 18.2 bp −$18 | 78.6 bp −$786 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ORCA-USDT | +0.0070% | 4h | 1.4940 | +0.094% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0098% | 4h | 1.4970 | +0.295% | $223K | $60K | 50x | as long as short |
| Aster ORCAUSDTshort | +0.0100% | 4h | 1.4944 | +0.122% | $44K | $37K | 5x | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4937 | +0.073% | $3.4M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4962 | +0.241% | $125K | $35K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4930 | +0.027% | $688K | $123K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4960 | +0.228% | $562K | $201K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4940 | +0.094% | $669K | $671K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4939 | +0.085% | $6K | $212K | 5x | as long as short |
| Kraken Futures PF_ORCAUSD | +0.0111% | 1h | 1.4940 | +0.092% | $9K | $8K | 10x | as long as short |
BingX ORCA-USDT
BloFin ORCA-USDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USD
Kraken Futures PF_ORCAUSDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1142% | 4h | 1.4937 | +0.071% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDTlong | +0.1155% | 4h | 1.4926 | long leg | $2.0M | $1.6M | 25x |
Variational Omni ORCA