Funding you earn now, next payment 04:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.80 per $10,000 · paid last 24h −0.026%
Price spread now: Bitget against KuCoin−0.145%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$707as in the Funding arb table
Net, price: spread back to 7d avg − costs−$708as in the Price arb table
costs, in and out, $10k−$7027.021% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.145%, 7d avg −0.087%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.057% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.087%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5182 | 0.0260 | pay 0.0130% / 4h | 1h 55m | $584K | $203K | 30x |
| Short | Bitget ORCAUSDT | 1.5160 | 0.0100 | get 0.0050% / 4h | 1h 55m | $683K | $604K | 25x |
KuCoin ORCAUSDTM
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$33.6
- Price spread: −0.145% → −0.087%
- −$5.75
- Slippage, 4 orders
- −$678.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$741.47
- Costs to cover
- 7.021%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 43 min ago; Bitget: live order book, 5 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 KuCoin live order book, 43 min ago | 12.27 bp | 242.5 bp −$243 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 9.92 bp | 30.3 bp −$30 | 84.2 bp −$842 | doesn't fit | doesn't fit |
ORCA on 11 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 | −0.0259% | 1h | 1.5130 | −0.345% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5160 | −0.145% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5163 | −0.128% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5140 | −0.277% | $3.4M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5156 | −0.171% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5140 | −0.277% | $705K | $123K | 20x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5160 | −0.145% | $683K | $604K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5136 | −0.303% | $4K | $124K | 5x | as long as short |
| Bybit ORCAUSDT | +0.0139% | 4h | 1.5122 | −0.395% | $2.1M | $1.4M | 25x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0260% | 4h | 1.5182 | long leg | $584K | $203K | 30x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Extended ORCA-USD
Bybit ORCAUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0494% | 4h | 1.5172 | −0.063% | $29K | $11K | — | as long as short |
Variational Omni ORCA