Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.162%
Price spread now: Aster against BingX+0.207%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.207% dearer against BingX than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORCA-USDT | 1.5060 | 0.0070 | pay 0.0035% / 4h | 49m 58s | — | $6.6M | — |
| Short | Aster ORCAUSDT | 1.5091 | 0.0100 | get 0.0050% / 4h | 49m 58s | $44K | $39K | 5x |
BingX ORCA-USDT
Aster ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against BingX. 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
- $6.3
- Price spread: +0.207% → 0.000%
- $20.68
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $8.98
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 2 min ago; Aster: 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 BingX live order book, 2 min ago | 9.95 bp | 20.6 bp −$21 | 63.3 bp −$633 | 668.3 bp −$66.8K | 1230.0 bp −$615.0K |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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 | −0.0515% | 1h | 1.5062 | +0.015% | $9K | $13K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0065% | 4h | 1.5070 | +0.066% | $228K | $59K | 50x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5060 | long leg | — | $6.6M | — | |
| Aster ORCAUSDTshort | +0.0100% | 4h | 1.5091 | +0.207% | $44K | $39K | 5x | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5060 | 0.000% | $3.4M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5049 | −0.073% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5101 | +0.272% | $126K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5060 | 0.000% | $695K | $122K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5060 | 0.000% | $669K | $636K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5056 | −0.027% | $2K | $130K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0194% | 4h | 1.5091 | +0.206% | $582K | $199K | 30x | as long as short |
| Variational Omni ORCA | +0.0292% | 4h | 1.5057 | −0.017% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA