Funding you earn now, next payment 12:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.035%
Price spread now: Aster against BloFin+0.217%92s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 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 +$2 a day on $10k at the current rate, and Aster is 0.217% dearer against BloFin than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.4870 | 0.0047 | pay 0.0023% / 4h | 9m 44s | $220K | $56K | 50x |
| Short | Aster ORCAUSDT | 1.4902 | 0.0100 | get 0.0050% / 4h | 9m 44s | $46K | $16K | 5x |
BloFin ORCA-USDT
Aster ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against BloFin. 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
- $11.15
- Price spread: +0.217% → 0.000%
- $21.69
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $12.84
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: BloFin: live order book, 24 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 BloFin live order book, 24 min ago | 3.37 bp | 16.5 bp −$17 | 50.1 bp −$501 | 534.0 bp −$53.4K | doesn't fit |
| 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 exchanges
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 | −0.0444% | 1h | 1.4888 | +0.122% | $9K | $5K | 10x | as long as short |
| BloFin ORCA-USDTlong | +0.0047% | 4h | 1.4870 | long leg | $220K | $56K | 50x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4890 | +0.134% | — | $6.6M | — | as long as short |
| Aster ORCAUSDTshort | +0.0100% | 4h | 1.4902 | +0.217% | $46K | $16K | 5x | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4900 | +0.202% | $3.4M | $5.0M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.4895 | +0.168% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4906 | +0.242% | $143K | $53K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4900 | +0.202% | $686K | $118K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4890 | +0.134% | $703K | $676K | 25x | as long as short |
| Variational Omni ORCA | +0.0100% | 4h | 1.4880 | +0.070% | $30K | $13K | — | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Variational Omni ORCAShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ORCA-USD | +0.0104% | 1h | 1.4883 | +0.089% | $3K | $215K | 5x | as long as short |
| KuCoin ORCAUSDTM | +0.0480% | 4h | 1.4930 | +0.403% | $540K | $202K | 30x | as long as short |
Extended ORCA-USD
KuCoin ORCAUSDTM