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Funding arb · Price arb /

ORCA

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 12:00 UTC−0.0913%/8h= −100.0% APRnext payment −$4.56 per $10,000 · paid last 24h −0.223%
Price spread now: BingX against Variational Omni+0.083%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on BingX
What this pair did over the last
the charts below follow
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
The price spread pays, funding is against you. BingX is 0.083% dearer against Variational Omni than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 7 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ORCA1.49580.0983pay 0.0491% / 4h3h 51m$29K$10K—
ShortBingX ORCA-USDT1.49700.0070get 0.0035% / 4h3h 51m—$6.6M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$191.72
Price spread: +0.083% → 0.000%
$8.34
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
−$193.38
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 16 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample—————
Sell BingX live order book, 16 min ago10.04 bp26.3 bp −$2669.4 bp −$694702.2 bp −$70.2K1305.8 bp −$652.9K
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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.0600%1h1.4963+0.034%$9K$8K10xas long as short
BloFin ORCA-USDT+0.0069%4h1.4950−0.050%$222K$60K50xas long as short
BingX ORCA-USDTshort+0.0070%4h1.4970+0.083%—$6.6M—
Aster ORCAUSDT+0.0100%4h1.4958+0.002%$44K$38K5xas long as short
Binance ORCAUSDT+0.0100%4h1.4967+0.066%$3.5M$5.4M50xas long as short
Gate ORCA_USDT+0.0100%4h1.4965+0.050%$125K$35K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.4960+0.016%$689K$121K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.4986+0.190%$547K$202K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.4970+0.083%$668K$665K25xas long as short
Extended ORCA-USD+0.0104%1h1.4963+0.038%$1K$210K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ORCAlong+0.0983%4h1.4958long leg$29K$10K—
Bybit ORCAUSDT+0.1073%4h1.4949−0.057%$2.0M$1.5M25xas long as short