Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h −0.273%
Price spread now: KuCoin against Bybit+0.325%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$532as in the Funding arb table
Net, price: spread back to 7d avg − costs−$480as in the Price arb table
costs, in and out, $10k−$5065.061% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.325%, 7d avg +0.064%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.261% dearer against Bybit than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.064%. Mind the row above: over the last 7 days funding on this pair cost −0.257%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.5063 | 0.0100 | pay 0.0050% / 4h | 39m 12s | $2.0M | $1.5M | 25x |
| Short | KuCoin ORCAUSDTM | 1.5112 | 0.0154 | get 0.0077% / 4h | 39m 12s | $583K | $199K | 30x |
Bybit ORCAUSDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $11.34
- Price spread: +0.325% → +0.064%
- $26.09
- Slippage, 4 orders
- −$483.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$468.63
- Costs to cover
- 5.061%
- Break-even
- 296.3 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 44 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, 3 min ago | 5.30 bp | 20.2 bp −$20 | 120.0 bp −$1,200 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 44 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 | −0.0514% | 1h | 1.5076 | +0.086% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5110 | +0.312% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5109 | +0.302% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5080 | +0.113% | $3.4M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDTlong | +0.0100% | 4h | 1.5063 | long leg | $2.0M | $1.5M | 25x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5114 | +0.339% | $127K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5080 | +0.113% | $696K | $122K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5080 | +0.113% | $669K | $638K | 25x | as long as short |
| BloFin ORCA-USDT | +0.0102% | 4h | 1.5100 | +0.246% | $227K | $60K | 50x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5084 | +0.142% | $4K | $128K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
BloFin ORCA-USDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTMshort | +0.0154% | 4h | 1.5112 | +0.325% | $583K | $199K | 30x | |
| Variational Omni ORCA | +0.0195% | 4h | 1.5086 | +0.154% | $29K | $10K | — | as long as short |
Variational Omni ORCA