Spread before costs (cost unknown: a leg has no order-book sample)−0.332%
7d average—if it closes, per $10,000$33funding while held, a day+$42.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5061 | 0.0100 | pay 0.0050% / 4h | 13m 41s | $3.7M | $4.9M | 50x |
| Short | Variational Omni ORCA | 1.5011 | 0.1503 | get 0.0752% / 4h | 13m 41s | $28K | $10K | — |
Binance ORCAUSDT
Variational Omni ORCAPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$33.22
- Funding while held
- $42.1
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$1.12
- Spread needed to break even
- 0.100%
Slippage unknown: Binance: live order book, 11 min ago; Variational Omni: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1403%
- Per $10,000 a day
- +$42.10
- Average in range /8h
- —
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, 11 min ago | 3.33 bp | 17.5 bp −$17 | 73.1 bp −$731 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni1.5011cheapest
BloFin1.5040+0.192%Bybit1.5049+0.252%Kraken Futures1.5058+0.308%Extended1.5059+0.317%MEXC1.5060+0.325%Bitget1.5060+0.325%BingX1.5060+0.325%
BloFin
Bybit
Kraken Futures
Extended
MEXC
Bitget
BingXBinance1.5061+0.333%
Gate1.5062+0.338%Aster1.5072+0.406%KuCoin1.5085+0.491%
Gate
Aster
KuCoinORCA on 12 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ORCAshort | −0.332% | +0.1503% | 4h | $28K | $10K | — | |
| BloFin ORCA-USDT | −0.141% | −0.0200% | 4h | $261K | $185K | 50x | as long as short |
| Bybit ORCAUSDT | −0.081% | +0.1386% | 4h | $2.1M | $1.2M | 25x | as long as short |
| Kraken Futures PF_ORCAUSD | −0.025% | −0.0815% | 1h | $11K | $14K | 10x | as long as short |
| Extended ORCA-USD | −0.016% | +0.0104% | 1h | $3K | $155K | 5x | as long as short |
| MEXC ORCA_USDT | −0.008% | +0.0100% | 4h | $690K | $157K | 20x | as long as short |
| Bitget ORCAUSDT | −0.008% | +0.0100% | 4h | $722K | $497K | 25x | as long as short |
| BingX ORCA-USDT | −0.008% | +0.1262% | 4h | — | $6.6M | — | as long as short |
| Binance ORCAUSDTlong | 0.000% | +0.0100% | 4h | $3.7M | $4.9M | 50x | |
| Gate ORCA_USDT | +0.005% | +0.0100% | 4h | $127K | $41K | 25x | as long as short |
Show all 12 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster ORCAUSDT | +0.073% | +0.0100% | 4h | $44K | $48K | 5x | as long as short |
| KuCoin ORCAUSDTM | +0.158% | +0.0476% | 4h | $547K | $177K | 30x | as long as short |