ORCA

Alert

Funding spread now, next payment 16:00 UTC+0.0926%/8h

next payment, per $10,000+$4.63paid, last 24h+0.101%paid, last 7 days+0.153%to open and close $10k−$153

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.153% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.63 per $10,000. 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	Gate ORCA_USDT	1.4874	0.0100	pay 0.0050% / 4h	1h 52m	$129K	$39K	25x
Short	Bybit ORCAUSDT	1.4881	0.1026	get 0.0513% / 4h	1h 52m	$2.1M	$1.1M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersRate

Funding earned: $194.48
Slippage, 4 orders: −$127.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $41.31
Break-even: 5.5 days

Slippage from Gate: live order book, 60 min ago; Bybit: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.047%
Avg gap 7d: +0.069%

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 Gate live order book, 60 min ago	9.57 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.69 bp	22.1 bp −$22	235.3 bp −$2,353	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	−0.0997%	1h	$11K	$14K	10x	as long as short
BloFin ORCA-USDT	−0.0200%	4h	$258K	$177K	50x	as long as short
Aster ORCAUSDT	+0.0100%	4h	$43K	$47K	5x	as long as short
Binance ORCAUSDT	+0.0100%	4h	$3.6M	$4.6M	50x	as long as short
Gate ORCA_USDTlong	+0.0100%	4h	$129K	$39K	25x
MEXC ORCA_USDT	+0.0100%	4h	$684K	$155K	20x	as long as short
KuCoin ORCAUSDTM	+0.0100%	4h	$555K	$160K	30x	as long as short
Bitget ORCAUSDT	+0.0100%	4h	$724K	$488K	25x	as long as short
Extended ORCA-USD	+0.0104%	1h	$3K	$155K	5x	as long as short
Bybit ORCAUSDTshort	+0.1026%	4h	$2.1M	$1.1M	25x

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX ORCA-USDT	+0.1050%	4h	—	$6.6M	—	as long as short
Variational Omni ORCA	+0.1436%	4h	$28K	$10K	—	as long as short