data as of
Settings8H · net · $10k
Funding arb /

ORCA

all ORCA markets
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Funding spread now, next payment 20:00 UTC−0.0536%/8h
next payment, per $10,000$2.68paid, last 24h−0.026%paid, last 7 days−0.093%to open and close $10k−$244
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.093% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ORCAUSDTM1.49920.0636pay 0.0318% / 4h2h 58m$581K$200K30x
ShortGate ORCA_USDT1.49530.0100get 0.0050% / 4h2h 58m$124K$41K25x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$112.56
Slippage, 4 orders
−$216.56
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$356.12
Break-even
never at this rate
Slippage from KuCoin: live order book, 51 min ago; Gate: live order book, 38 min ago.

Price risk

price view
Price gap now
−0.260%
Avg gap 7d
−0.088%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 51 min ago6.64 bp74.8 bp −$75doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 38 min ago6.65 bp46.6 bp −$47doesn't fitdoesn't fitdoesn't fit

ORCA on 12 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.1509%1h$9K$15K10xas long as short
Aster ORCAUSDT+0.0100%4h$44K$46K5xas long as short
Binance ORCAUSDT+0.0100%4h$3.5M$5.2M50xas long as short
Gate ORCA_USDTshort+0.0100%4h$124K$41K25x
MEXC ORCA_USDT+0.0100%4h$686K$148K20xas long as short
Bitget ORCAUSDT+0.0100%4h$742K$531K25xas long as short
Extended ORCA-USD+0.0104%1h$3K$155K5xas long as short
BloFin ORCA-USDT+0.0108%4h$243K$185K50xas long as short
KuCoin ORCAUSDTMlong+0.0636%4h$581K$200K30x
BingX ORCA-USDT+0.1330%4h$6.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ORCAUSDT+0.1414%4h$2.1M$1.2M25xas long as short
Variational Omni ORCA+0.1944%4h$28K$11Kas long as short