Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%
Price spread now: KuCoin against Binance+0.128%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$474as in the Funding arb table
Net, price: spread back to 7d avg − costs−$478as in the Price arb table
costs, in and out, $10k−$4824.820% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.128%, 7d avg +0.087%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.041% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.087%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5025 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $3.5M | $5.5M | 50x |
| Short | KuCoin ORCAUSDTM | 1.5044 | 0.0100 | get 0.0050% / 4h | 3h 20m | $584K | $199K | 30x |
Binance ORCAUSDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $0
- Price spread: +0.128% → +0.087%
- $4.07
- Slippage, 4 orders
- −$459.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$477.89
- Costs to cover
- 4.820%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 53 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 Binance live order book, 2 min ago | 3.33 bp | 18.4 bp −$18 | 91.0 bp −$910 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 53 min ago | 8.58 bp | 139.0 bp −$139 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORCAUSD | −0.0728% | 1h | 1.5025 | 0.000% | $9K | $12K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0066% | 4h | 1.5030 | +0.035% | $226K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5030 | +0.035% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5029 | +0.028% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5025 | long leg | $3.5M | $5.5M | 50x | |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5007 | −0.118% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5031 | +0.041% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5010 | −0.098% | $698K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.5044 | +0.128% | $584K | $199K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5020 | −0.032% | $665K | $646K | 25x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ORCA-USD | +0.0104% | 1h | 1.5017 | −0.049% | $2K | $118K | 5x | as long as short |
| Variational Omni ORCA | +0.0217% | 4h | 1.5017 | −0.053% | $29K | $10K | — | as long as short |
Extended ORCA-USD
Variational Omni ORCA