Funding you earn now, next payment 03:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.063%
Price spread now: BloFin against Extended+0.410%54s7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1181.175% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.410%, 7d avg +0.059%
=Together, before fees−0.133%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.351% dearer against Extended than usual: you sell high and buy low (spread +0.410% now, against its 7-day average of +0.059%): +$35 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.001% in total) that is about years. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.5148 | 0.0104 | pay 0.0013% / 1h | 6m 16s | $2K | $130K | 5x |
| Short | BloFin ORCA-USDT | 1.5210 | 0.0047 | get 0.0023% / 4h | 1h 06m | $229K | $60K | 50x |
Extended ORCA-USD
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$12.04
- Price spread: +0.410% → +0.059%
- $35.09
- Slippage, 4 orders
- −$100.52
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$94.46
- Costs to cover
- 1.175%
- Break-even
- never at this rate
Slippage from Extended: live order book, 54 min ago; BloFin: live order book, 32 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, 54 min ago | 6.51 bp | 34.4 bp −$34 | 247.3 bp −$2,473 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 32 min ago | 6.63 bp | 21.5 bp −$21 | 49.8 bp −$498 | 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 | −0.0258% | 1h | 1.5150 | +0.016% | $9K | $13K | 10x | as long as short |
| BloFin ORCA-USDTshort | +0.0047% | 4h | 1.5210 | +0.410% | $229K | $60K | 50x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5160 | +0.080% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5165 | +0.110% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5150 | +0.014% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5169 | +0.140% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5150 | +0.014% | $700K | $127K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5150 | +0.014% | $675K | $635K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5148 | long leg | $2K | $130K | 5x | |
| KuCoin ORCAUSDTM | +0.0188% | 4h | 1.5193 | +0.298% | $587K | $206K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0203% | 4h | 1.5147 | −0.006% | $2.0M | $1.5M | 25x | as long as short |
| Variational Omni ORCA | +0.0462% | 4h | 1.5203 | +0.364% | $29K | $10K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA