Funding you earn now, next payment 12:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.53 per $10,000 · paid last 24h +0.330%
Price spread now: Variational Omni against KuCoin−0.243%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.243% cheaper against KuCoin than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.4940 | 0.0412 | pay 0.0206% / 4h | 1h 49m | $539K | $202K | 30x |
| Short | Variational Omni ORCA | 1.4904 | 0.0305 | get 0.0153% / 4h | 1h 49m | $30K | $14K | — |
KuCoin ORCAUSDTM
Variational Omni ORCAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$22.39
- Price spread: −0.243% → 0.000%
- −$24.3
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$58.69
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 56 min ago; Variational Omni: no order-book sample. Net counts fees only.
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, 56 min ago | 9.00 bp | 151.2 bp −$151 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ORCA on 12 exchanges
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 | −0.0475% | 1h | 1.4918 | −0.148% | $9K | $8K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4910 | −0.201% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4937 | −0.021% | $47K | $16K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4920 | −0.134% | $3.4M | $5.1M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.4907 | −0.221% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4935 | −0.033% | $145K | $51K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4910 | −0.201% | $689K | $113K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4920 | −0.134% | $671K | $639K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4910 | −0.201% | $2K | $207K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0107% | 4h | 1.4920 | −0.134% | $221K | $55K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCAshort | +0.0305% | 4h | 1.4904 | −0.243% | $30K | $14K | — | |
| KuCoin ORCAUSDTMlong | +0.0412% | 4h | 1.4940 | long leg | $539K | $202K | 30x |