Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.027%
Price spread now: KuCoin against Gate+0.152%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$541as in the Funding arb table
Net, price: spread back to 7d avg − costs−$545as in the Price arb table
costs, in and out, $10k−$5515.507% of the position
Funding, last 7 days+0.095%+$9 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.152%, 7d avg +0.097%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.054% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCA_USDT | 1.5152 | 0.0100 | pay 0.0050% / 4h | 16m 13s | $128K | $38K | 25x |
| Short | KuCoin ORCAUSDTM | 1.5175 | 0.0152 | get 0.0076% / 4h | 16m 13s | $585K | $199K | 30x |
Gate ORCA_USDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- $10.92
- Price spread: +0.152% → +0.097%
- $5.43
- Slippage, 4 orders
- −$523.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$534.32
- Costs to cover
- 5.507%
- Break-even
- 349.5 days
Slippage from Gate: live order book, 34 min ago; KuCoin: live order book, 67 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 Gate live order book, 34 min ago | 10.63 bp | 41.0 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 67 min ago | 9.21 bp | 173.3 bp −$173 | doesn't fit | 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 | −0.0512% | 1h | 1.5143 | −0.062% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5150 | −0.013% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0076% | 4h | 1.5160 | +0.053% | $227K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5151 | −0.007% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5140 | −0.079% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5139 | −0.086% | $2.1M | $1.5M | 25x | as long as short |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.5152 | long leg | $128K | $38K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5140 | −0.079% | $703K | $124K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5130 | −0.145% | $670K | $641K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5136 | −0.107% | $2K | $128K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTMshort | +0.0152% | 4h | 1.5175 | +0.152% | $585K | $199K | 30x | |
| Variational Omni ORCA | +0.0287% | 4h | 1.5120 | −0.213% | $29K | $10K | — | as long as short |
Variational Omni ORCA