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Funding arb · Price arb /

ORCA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.1540%/8h= +168.6% APRpaid last 24h +0.289%
Price spread now: Variational Omni against Extended−0.076%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · Variational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.076% cheaper against Extended than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$46 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ORCA-USD1.51270.0104pay 0.0013% / 1h42m 45s$3K$155K5x
ShortVariational Omni ORCA1.51160.1644get 0.0822% / 4h42m 45s$28K$12K—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$323.38
Price spread: −0.076% → 0.000%
−$7.56
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$310.82
Costs to cover
0.050%
Break-even
0.3 days
Slippage unknown: Extended: live order book, 33 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 33 min ago6.48 bp38.4 bp −$38251.1 bp −$2,511doesn't fitdoesn't fit
Sell Variational Omni no order-book sample—————
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ORCA on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.0440%1h1.5132+0.032%$9K$14K10xas long as short
BingX ORCA-USDT+0.0070%4h1.5130+0.020%—$6.6M—as long as short
Aster ORCAUSDT+0.0100%4h1.5139+0.081%$44K$44K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5130+0.020%$3.5M$5.5M50xas long as short
Gate ORCA_USDT+0.0100%4h1.5141+0.092%$127K$46K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5120−0.047%$705K$139K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.5167+0.264%$583K$207K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.5120−0.047%$702K$556K25xas long as short
Extended ORCA-USDlong+0.0104%1h1.5127long leg$3K$155K5x
BloFin ORCA-USDT+0.0120%4h1.5150+0.152%$228K$60K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ORCAUSDT+0.1420%4h1.5102−0.166%$2.1M$1.4M25xas long as short
Variational Omni ORCAshort+0.1644%4h1.5116−0.076%$28K$12K—