Funding you earn now, next payment 04:00 UTC−0.0348%/8h= −38.1% APRnext payment −$1.74 per $10,000 · paid last 24h −0.348%
Price spread now: Bitget against Variational Omni−0.189%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$10 a day on $10k at the current rate, and Bitget is 0.189% cheaper against Variational Omni than usual: you would sell low and buy high (−$19 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 | Variational Omni ORCA | 1.5109 | 0.0448 | pay 0.0224% / 4h | 1h 38m | $29K | $11K | — |
| Short | Bitget ORCAUSDT | 1.5080 | 0.0100 | get 0.0050% / 4h | 1h 38m | $678K | $612K | 25x |
Variational Omni ORCA
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$73.08
- Price spread: −0.189% → 0.000%
- −$18.9
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$103.98
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: no order-book sample; Bitget: live order book, 22 min ago. 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 22 min ago | 9.92 bp | 30.3 bp −$30 | 84.2 bp −$842 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORCAUSD | −0.0259% | 1h | 1.5086 | −0.148% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5090 | −0.123% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5100 | −0.059% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5090 | −0.123% | $3.4M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5106 | −0.017% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | −0.123% | $699K | $124K | 20x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5080 | −0.189% | $678K | $612K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5086 | −0.151% | $3K | $130K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0128% | 4h | 1.5090 | −0.123% | $226K | $59K | 50x | as long as short |
| Bybit ORCAUSDT | +0.0141% | 4h | 1.5074 | −0.229% | $2.0M | $1.5M | 25x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Extended ORCA-USD
BloFin ORCA-USDT
Bybit ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0212% | 4h | 1.5112 | +0.023% | $580K | $203K | 30x | as long as short |
| Variational Omni ORCAlong | +0.0448% | 4h | 1.5109 | long leg | $29K | $11K | — |
KuCoin ORCAUSDTM