Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.299%
Price spread now: Binance against Bybit+0.092%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$800.795% of the position
Funding, last 7 days−0.351%−$35 on $10k
+Price spread, last 7 days−0.140%−$14 · spread now +0.092%, 7d avg −0.041%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.133% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.5125 | 0.0100 | pay 0.0050% / 4h | 22m 30s | $2.1M | $1.5M | 25x |
| Short | Binance ORCAUSDT | 1.5139 | 0.0100 | get 0.0050% / 4h | 22m 30s | $3.5M | $5.5M | 50x |
Bybit ORCAUSDT
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.092% → −0.041%
- $13.32
- Slippage, 4 orders
- −$58.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$66.23
- Costs to cover
- 0.795%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: 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 Bybit live order book, 4 min ago | 5.95 bp | 22.1 bp −$22 | 113.1 bp −$1,131 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 3.32 bp | 17.3 bp −$17 | 75.7 bp −$757 | 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 | −0.0512% | 1h | 1.5140 | +0.099% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5150 | +0.165% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0093% | 4h | 1.5150 | +0.165% | $227K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5147 | +0.148% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5139 | +0.092% | $3.5M | $5.5M | 50x | |
| Bybit ORCAUSDTlong | +0.0100% | 4h | 1.5125 | long leg | $2.1M | $1.5M | 25x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5151 | +0.172% | $128K | $38K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5130 | +0.033% | $699K | $123K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.033% | $670K | $642K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5128 | +0.018% | $4K | $127K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0168% | 4h | 1.5167 | +0.278% | $585K | $199K | 30x | as long as short |
| Variational Omni ORCA | +0.0307% | 4h | 1.5121 | −0.025% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA