ORCA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1875%/8h= +205.3% APRnext payment +$9.38 per $10,000 · paid last 24h +0.122%

Price spread now: Variational Omni against BingX−0.077%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Variational Omni is 0.077% cheaper against BingX than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3 hours of funding at the current rate (+$56 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ORCA-USDT	1.5080	0.0070	pay 0.0035% / 4h	2h 27m	—	$6.6M	—
Short	Variational Omni ORCA	1.5068	0.1945	get 0.0973% / 4h	2h 27m	$29K	$11K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee Variational OmnibpOrdersPrice spread, now −0.077%Rate

Funding earned: $393.79
Price spread: −0.077% → 0.000%: −$7.74
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $376.04
Costs to cover: 0.100%
Break-even: 0.3 days

Slippage unknown: BingX: live order book, 5 min ago; Variational Omni: 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, 5 min ago	9.95 bp	24.7 bp −$25	60.9 bp −$609	716.8 bp −$71.7K	1278.2 bp −$639.1K
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 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	−0.0791%	1h	1.5086	+0.037%	$9K	$15K	10x	as long as short
BingX ORCA-USDTlong	+0.0070%	4h	1.5080	long leg	—	$6.6M	—
Aster ORCAUSDT	+0.0100%	4h	1.5094	+0.094%	$44K	$44K	5x	as long as short
Binance ORCAUSDT	+0.0100%	4h	1.5087	+0.049%	$3.5M	$5.3M	50x	as long as short
Gate ORCA_USDT	+0.0100%	4h	1.5087	+0.046%	$127K	$46K	25x	as long as short
MEXC ORCA_USDT	+0.0100%	4h	1.5080	0.000%	$691K	$147K	20x	as long as short
KuCoin ORCAUSDTM	+0.0100%	4h	1.5110	+0.199%	$577K	$204K	30x	as long as short
Bitget ORCAUSDT	+0.0100%	4h	1.5080	0.000%	$707K	$507K	25x	as long as short
Extended ORCA-USD	+0.0104%	1h	1.5084	+0.026%	$3K	$155K	5x	as long as short
BloFin ORCA-USDT	+0.0113%	4h	1.5080	0.000%	$233K	$58K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ORCAUSDT	+0.1933%	4h	1.5069	−0.073%	$2.1M	$1.3M	25x	as long as short
Variational Omni ORCAshort	+0.1945%	4h	1.5068	−0.077%	$29K	$11K	—