ORCA

Alert

Funding spread now, next payment 17:00 UTC+0.1126%/8h

paid, last 24h+0.175%paid, last 5 days+0.239%to open and close $10k−$126

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.239% in total (about 17.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ORCA-USD	1.4998	0.0104	pay 0.0013% / 1h	24m 09s	$3K	$155K	5x
Short	Bybit ORCAUSDT	1.5004	0.1230	get 0.0615% / 4h	3h 24m	$2.1M	$1.2M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee BybitbpOrdersRate

Funding earned: $236.55
Slippage, 4 orders: −$110.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $110.1
Break-even: 3.7 days

Slippage from Extended: live order book, 20 min ago; Bybit: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.042%
Avg gap 7d: +0.073%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 20 min ago	6.34 bp	32.6 bp −$33	244.4 bp −$2,444	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.66 bp	27.3 bp −$27	211.6 bp −$2,116	doesn't fit	doesn't fit

ORCA on 12 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ORCAUSD	−0.1066%	1h	$9K	$15K	10x	as long as short
BloFin ORCA-USDT	+0.0087%	4h	$251K	$186K	50x	as long as short
Aster ORCAUSDT	+0.0100%	4h	$44K	$48K	5x	as long as short
Binance ORCAUSDT	+0.0100%	4h	$3.6M	$4.9M	50x	as long as short
Gate ORCA_USDT	+0.0100%	4h	$127K	$39K	25x	as long as short
MEXC ORCA_USDT	+0.0100%	4h	$683K	$155K	20x	as long as short
Bitget ORCAUSDT	+0.0100%	4h	$717K	$501K	25x	as long as short
Extended ORCA-USDlong	+0.0104%	1h	$3K	$155K	5x
KuCoin ORCAUSDTM	+0.0674%	4h	$564K	$191K	30x	as long as short
Bybit ORCAUSDTshort	+0.1230%	4h	$2.1M	$1.2M	25x

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX ORCA-USDT	+0.1826%	4h	—	$6.6M	—	as long as short
Variational Omni ORCA	+0.1980%	4h	$29K	$11K	—	as long as short