Funding you earn now, next payment 03:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h +0.063%
Price spread now: Extended against BloFin+0.045%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1181.175% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.323%−$32 · spread now +0.045%, 7d avg −0.059%
=Together, before fees−0.323%+ Points / potential airdropExtended: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.104% dearer against BloFin than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.059%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.5190 | 0.0157 | pay 0.0079% / 4h | 1h 09m | $229K | $60K | 50x |
| Short | Extended ORCA-USD | 1.5197 | 0.0104 | get 0.0013% / 1h | 9m 18s | $2K | $130K | 5x |
BloFin ORCA-USDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: +0.045% → −0.059%
- $10.44
- Slippage, 4 orders
- −$100.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$118.23
- Costs to cover
- 1.175%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 min ago; Extended: live order book, 51 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, 29 min ago | 6.63 bp | 25.0 bp −$25 | 45.4 bp −$454 | doesn't fit | doesn't fit |
| Sell Extended live order book, 51 min ago | 6.51 bp | 36.6 bp −$37 | 246.8 bp −$2,468 | 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 | −0.0257% | 1h | 1.5195 | +0.031% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5200 | +0.066% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5224 | +0.224% | $45K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5202 | +0.079% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5221 | +0.204% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5200 | +0.066% | $702K | $126K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5210 | +0.132% | $678K | $637K | 25x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5197 | +0.045% | $2K | $130K | 5x | |
| BloFin ORCA-USDTlong | +0.0157% | 4h | 1.5190 | long leg | $229K | $60K | 50x | |
| KuCoin ORCAUSDTM | +0.0204% | 4h | 1.5222 | +0.211% | $590K | $205K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0241% | 4h | 1.5199 | +0.059% | $2.1M | $1.5M | 25x | as long as short |
| Variational Omni ORCA | +0.0462% | 4h | 1.5203 | +0.086% | $29K | $10K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA