Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.036%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1061.060% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.036%, 7d avg +0.027%
=Together, before fees−0.037%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.5125 | 0.0104 | pay 0.0013% / 1h | 3m 50s | $4K | $128K | 5x |
| Short | Binance ORCAUSDT | 1.5130 | 0.0100 | get 0.0050% / 4h | 2h 03m | $3.4M | $5.4M | 50x |
Extended ORCA-USD
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$0.84
- Price spread: +0.036% → +0.027%
- $0.86
- Slippage, 4 orders
- −$90.96
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$105.94
- Costs to cover
- 1.060%
- Break-even
- never at this rate
Slippage from Extended: live order book, 62 min ago; Binance: live order book, 4 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 Extended live order book, 62 min ago | 6.80 bp | 35.8 bp −$36 | 236.5 bp −$2,365 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 3.31 bp | 17.1 bp −$17 | 70.6 bp −$706 | doesn't fit | doesn't fit |
ORCA on 11 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 | −0.0480% | 1h | 1.5130 | +0.036% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5110 | −0.097% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5143 | +0.119% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5130 | +0.036% | $3.4M | $5.4M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5126 | +0.009% | $127K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5120 | −0.030% | $704K | $132K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.036% | $682K | $606K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5125 | long leg | $4K | $128K | 5x | |
| Bybit ORCAUSDT | +0.0196% | 4h | 1.5114 | −0.070% | $2.1M | $1.5M | 25x | as long as short |
| KuCoin ORCAUSDTM | +0.0260% | 4h | 1.5159 | +0.227% | $583K | $205K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Bybit ORCAUSDT
KuCoin ORCAUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0563% | 4h | 1.5101 | −0.154% | $29K | $12K | — | as long as short |
Variational Omni ORCA