Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.071%
Price spread now: BloFin against KuCoin−0.187%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$272as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2642.644% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.187%, 7d avg −0.064%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.123% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.4968 | 0.0100 | pay 0.0050% / 4h | 3m 06s | $566K | $198K | 30x |
| Short | BloFin ORCA-USDT | 1.4940 | 0.0089 | get 0.0045% / 4h | 3m 06s | $223K | $60K | 50x |
KuCoin ORCAUSDTM
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$2.28
- Price spread: −0.187% → −0.064%
- −$12.31
- Slippage, 4 orders
- −$240.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$279.01
- Costs to cover
- 2.644%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 31 min ago; BloFin: live order book, 3 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, 31 min ago | 9.06 bp | 160.3 bp −$160 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 3.35 bp | 14.0 bp −$14 | 50.0 bp −$500 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ORCA-USDT | +0.0070% | 4h | 1.4950 | −0.120% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDTshort | +0.0089% | 4h | 1.4940 | −0.187% | $223K | $60K | 50x | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4939 | −0.193% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4946 | −0.150% | $3.5M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4931 | −0.247% | $124K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4940 | −0.187% | $688K | $125K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.4968 | long leg | $566K | $198K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4950 | −0.120% | $669K | $663K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4935 | −0.221% | $6K | $205K | 5x | as long as short |
| Kraken Futures PF_ORCAUSD | +0.0111% | 1h | 1.4945 | −0.157% | $9K | $8K | 10x | as long as short |
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
Kraken Futures PF_ORCAUSDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0897% | 4h | 1.4925 | −0.287% | $2.0M | $1.6M | 25x | as long as short |
| Variational Omni ORCA | +0.0992% | 4h | 1.4925 | −0.287% | $29K | $10K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA