Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.100%
Price spread now: KuCoin against BloFin+0.272%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$378as in the Funding arb table
Net, price: spread back to 7d avg − costs−$363as in the Price arb table
costs, in and out, $10k−$3863.865% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 3 days (all we have)−0.490%−$49 · spread now +0.272%, 7d avg +0.036%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.235% dearer against BloFin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.5090 | 0.0046 | pay 0.0023% / 4h | 3h 30m | $234K | $57K | 50x |
| Short | KuCoin ORCAUSDTM | 1.5131 | 0.0100 | get 0.0050% / 4h | 3h 30m | $582K | $202K | 30x |
BloFin ORCA-USDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $11.3
- Price spread: +0.272% → +0.036%
- $23.54
- Slippage, 4 orders
- −$362.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$351.62
- Costs to cover
- 3.865%
- Break-even
- 224.8 days
Slippage from BloFin: live order book, 13 min ago; KuCoin: live order book, 12 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, 13 min ago | 3.33 bp | 16.9 bp −$17 | 39.6 bp −$396 | 486.3 bp −$48.6K | doesn't fit |
| Sell KuCoin live order book, 12 min ago | 5.32 bp | 77.7 bp −$78 | doesn't fit | 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 | −0.1163% | 1h | 1.5109 | +0.125% | $9K | $15K | 10x | as long as short |
| BloFin ORCA-USDTlong | +0.0046% | 4h | 1.5090 | long leg | $234K | $57K | 50x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5110 | +0.133% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5116 | +0.173% | $44K | $45K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5120 | +0.199% | $3.5M | $5.2M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5103 | +0.086% | $127K | $43K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5120 | +0.199% | $694K | $147K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.5131 | +0.272% | $582K | $202K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5110 | +0.133% | $724K | $513K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5103 | +0.085% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
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 | +0.1806% | 4h | 1.5061 | −0.191% | $28K | $11K | — | as long as short |
| Bybit ORCAUSDT | +0.1825% | 4h | 1.5092 | +0.013% | $2.1M | $1.3M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT