Funding you earn now, next payment 04:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.82 per $10,000 · paid last 24h +0.026%
Price spread now: KuCoin against Bitget+0.172%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$695as in the Funding arb table
Net, price: spread back to 7d avg − costs−$691as in the Price arb table
costs, in and out, $10k−$7006.998% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.172%, 7d avg +0.087%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.084% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread 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 | Bitget ORCAUSDT | 1.5130 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $682K | $603K | 25x |
| Short | KuCoin ORCAUSDTM | 1.5156 | 0.0264 | get 0.0132% / 4h | 2h 00m | $583K | $205K | 30x |
Bitget ORCAUSDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- $34.44
- Price spread: +0.172% → +0.087%
- $8.44
- Slippage, 4 orders
- −$675.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$656.93
- Costs to cover
- 6.998%
- Break-even
- 140.5 days
Slippage from Bitget: live order book, 65 min ago; KuCoin: live order book, 37 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 Bitget live order book, 65 min ago | 6.57 bp | 26.7 bp −$27 | 93.3 bp −$933 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 37 min ago | 12.27 bp | 405.0 bp −$405 | doesn't fit | doesn't fit | doesn't fit |
ORCA on 11 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 | −0.0480% | 1h | 1.5137 | +0.048% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5130 | 0.000% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5149 | +0.124% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5135 | +0.033% | $3.4M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5133 | +0.020% | $127K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5130 | 0.000% | $705K | $132K | 20x | as long as short |
| Bitget ORCAUSDTlong | +0.0100% | 4h | 1.5130 | long leg | $682K | $603K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5130 | +0.001% | $4K | $128K | 5x | as long as short |
| Bybit ORCAUSDT | +0.0170% | 4h | 1.5117 | −0.086% | $2.1M | $1.5M | 25x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0264% | 4h | 1.5156 | +0.172% | $583K | $205K | 30x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Extended ORCA-USD
Bybit ORCAUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0516% | 4h | 1.5124 | −0.037% | $29K | $11K | — | as long as short |
Variational Omni ORCA