Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h +0.062%
Price spread now: Bitget against BloFin−0.066%85s7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.752% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.066%, 7d avg −0.041%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bitget is 0.025% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.041%). Swap the legs. The two prices were read 85 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 | 1.5240 | 0.0113 | pay 0.0057% / 4h | 3h 05m | $228K | $60K | 50x |
| Short | Bitget ORCAUSDT | 1.5230 | 0.0100 | get 0.0050% / 4h | 3h 05m | $685K | $596K | 25x |
BloFin ORCA-USDT
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$2.82
- Price spread: −0.066% → −0.041%
- −$2.49
- Slippage, 4 orders
- −$51.16
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$80.47
- Costs to cover
- 0.752%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 60 min ago; Bitget: live order book, 64 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, 60 min ago | 3.31 bp | 15.7 bp −$16 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 64 min ago | 6.63 bp | 24.7 bp −$25 | 71.2 bp −$712 | 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 | −0.0408% | 1h | 1.5225 | −0.099% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5230 | −0.066% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5250 | +0.063% | $45K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5223 | −0.110% | $3.5M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5248 | +0.052% | $128K | $47K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5230 | −0.066% | $705K | $143K | 20x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5230 | −0.066% | $685K | $596K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5216 | −0.155% | $2K | $122K | 5x | as long as short |
| BloFin ORCA-USDTlong | +0.0113% | 4h | 1.5240 | long leg | $228K | $60K | 50x | |
| KuCoin ORCAUSDTM | +0.0132% | 4h | 1.5251 | +0.072% | $588K | $207K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Extended ORCA-USD
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0218% | 4h | 1.5217 | −0.151% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.0821% | 4h | 1.5197 | −0.284% | $28K | $11K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA