Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.044%
Price spread now: Binance against BloFin+0.026%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$720.724% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.026%, 7d avg −0.023%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.049% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.4900 | 0.0053 | pay 0.0027% / 4h | 2h 35m | $226K | $60K | 50x |
| Short | Binance ORCAUSDT | 1.4904 | 0.0100 | get 0.0050% / 4h | 2h 35m | $3.4M | $5.6M | 50x |
BloFin ORCA-USDT
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $9.8
- Price spread: +0.026% → −0.023%
- $4.86
- Slippage, 4 orders
- −$50.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$57.77
- Costs to cover
- 0.724%
- Break-even
- 48.3 days
Slippage from BloFin: live order book, 46 min ago; Binance: live order book, 3 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 BloFin live order book, 46 min ago | 6.66 bp | 14.9 bp −$15 | 42.8 bp −$428 | 486.5 bp −$48.7K | doesn't fit |
| Sell Binance live order book, 3 min ago | 3.36 bp | 17.5 bp −$17 | 68.5 bp −$685 | doesn't fit | doesn't fit |
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 | −0.0006% | 1h | 1.4912 | +0.080% | $9K | $11K | 10x | as long as short |
| BloFin ORCA-USDTlong | +0.0053% | 4h | 1.4900 | long leg | $226K | $60K | 50x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4900 | 0.000% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4913 | +0.086% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.4904 | +0.026% | $3.4M | $5.6M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4898 | −0.013% | $124K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4900 | 0.000% | $687K | $123K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4906 | +0.040% | $578K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4910 | +0.067% | $653K | $657K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4903 | +0.019% | $2K | $102K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0314% | 4h | 1.4892 | −0.056% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0459% | 4h | 1.4900 | 0.000% | $2.0M | $1.5M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT