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Price arb /

ORCA

all ORCA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$87
spread now+0.067%7d average+0.020%fees + slippage, in and out−$92spread needed0.917%
Long on BingXShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ORCA-USDT1.50100.1262pay 0.0631% / 4h15m 33s—$6.6M—
ShortBybit ORCAUSDT1.50200.1371get 0.0686% / 4h15m 33s$2.1M$1.2M25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$6.66
Funding while held
$3.28
Slippage, 4 orders
−$70.71
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$81.77
Spread needed to break even
0.917%
Slippage from BingX: live order book, 13 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0109%
Per $10,000 a day
+$3.28
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 13 min ago6.67 bp17.9 bp −$1859.7 bp −$597587.2 bp −$58.7K1182.7 bp −$591.3K
Sell Bybit live order book, 3 min ago3.33 bp24.3 bp −$24176.9 bp −$1,769doesn't fitdoesn't fit

ORCA price on every exchange

against the cheapest. Click to use as the short leg.
BingX1.5010cheapest
Variational Omni1.5011+0.008%Gate1.5019+0.060%
Bybit1.5020+0.067%
MEXC1.5020+0.067%Bitget1.5020+0.067%Kraken Futures1.5020+0.069%Extended1.5022+0.079%Aster1.5028+0.122%Binance1.5029+0.129%BloFin1.5050+0.266%KuCoin1.5063+0.353%

ORCA on 12 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX ORCA-USDTlong0.000%+0.1262%4h—$6.6M—
Variational Omni ORCA+0.008%+0.1503%4h$28K$10K—as long as short
Gate ORCA_USDT+0.060%+0.0100%4h$127K$41K25xas long as short
Bybit ORCAUSDTshort+0.067%+0.1371%4h$2.1M$1.2M25x
MEXC ORCA_USDT+0.067%+0.0100%4h$688K$157K20xas long as short
Bitget ORCAUSDT+0.067%+0.0100%4h$720K$497K25xas long as short
Kraken Futures PF_ORCAUSD+0.069%−0.0817%1h$11K$14K10xas long as short
Extended ORCA-USD+0.079%+0.0104%1h$3K$155K5xas long as short
Aster ORCAUSDT+0.122%+0.0100%4h$44K$48K5xas long as short
Binance ORCAUSDT+0.129%+0.0100%4h$3.7M$4.9M50xas long as short
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin ORCA-USDT+0.266%−0.0200%4h$262K$185K50xas long as short
KuCoin ORCAUSDTM+0.353%+0.0464%4h$546K$177K30xas long as short