data as of
Settings8H · net · $10k
Funding arb /

ORCA

all ORCA markets
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Funding spread now, next payment 20:00 UTC−0.1863%/8h
next payment, per $10,000$9.31paid, last 24h−0.176%paid, last 7 days−0.184%to open and close $10k−$100
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.184% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about $9.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ORCAUSDT1.49130.1963pay 0.0981% / 4h1h 42m$2.1M$1.3M25x
ShortBitget ORCAUSDT1.49200.0100get 0.0050% / 4h1h 42m$723K$528K25x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$391.14
Slippage, 4 orders
−$77.14
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$491.28
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 49 min ago.

Price risk

price view
Price gap now
+0.047%
Avg gap 7d
−0.042%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago1.34 bp24.6 bp −$25259.1 bp −$2,591doesn't fitdoesn't fit
Sell Bitget live order book, 49 min ago3.37 bp35.9 bp −$3693.5 bp −$935doesn't fitdoesn't fit

ORCA on 12 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.1184%1h$9K$15K10xas long as short
Aster ORCAUSDT+0.0100%4h$44K$45K5xas long as short
Binance ORCAUSDT+0.0100%4h$3.5M$5.2M50xas long as short
Gate ORCA_USDT+0.0100%4h$126K$42K25xas long as short
MEXC ORCA_USDT+0.0100%4h$685K$150K20xas long as short
Bitget ORCAUSDTshort+0.0100%4h$723K$528K25x
Extended ORCA-USD+0.0104%1h$3K$155K5xas long as short
BloFin ORCA-USDT+0.0107%4h$239K$140K50xas long as short
KuCoin ORCAUSDTM+0.0534%4h$572K$204K30xas long as short
BingX ORCA-USDT+0.1696%4h$6.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ORCAUSDTlong+0.1963%4h$2.1M$1.3M25x
Variational Omni ORCA+0.1994%4h$28K$11Kas long as short