Spread before costs (cost unknown: a leg has no order-book sample)+0.192%
7d average—if it closes, per $10,000$19funding while held, a day−$60.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.5025 | 0.2124 | pay 0.1062% / 4h | 3h 30m | $2.1M | $1.2M | 25x |
| Short | Aster ORCAUSDT | 1.5054 | 0.0100 | get 0.0050% / 4h | 3h 30m | $44K | $48K | 5x |
Bybit ORCAUSDT
Aster ORCAUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $19.21
- Funding while held
- −$60.71
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$60.49
- Spread needed to break even
- 0.190%
Slippage unknown: Bybit: live order book, 3 min ago; Aster: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.2024%
- Per $10,000 a day
- −$60.71
- Average in range /8h
- —
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 Bybit live order book, 3 min ago | 2.66 bp | 25.2 bp −$25 | 209.8 bp −$2,098 | doesn't fit | 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 price on every exchange
against the cheapest. Click to use as the short leg.
Variational Omni
Bitget
BingX
Gate
Extended
Binance
MEXC
BloFin
Kraken Futures
KuCoinORCA on 12 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | −0.074% | +0.2029% | 4h | $28K | $11K | — | as long as short |
| Bitget ORCAUSDT | −0.033% | +0.0100% | 4h | $718K | $502K | 25x | as long as short |
| Bybit ORCAUSDTlong | 0.000% | +0.2124% | 4h | $2.1M | $1.2M | 25x | |
| BingX ORCA-USDT | +0.033% | +0.2662% | 4h | — | $6.6M | — | as long as short |
| Gate ORCA_USDT | +0.053% | +0.0100% | 4h | $127K | $39K | 25x | as long as short |
| Extended ORCA-USD | +0.129% | +0.0104% | 1h | $3K | $155K | 5x | as long as short |
| Binance ORCAUSDT | +0.130% | +0.0100% | 4h | $3.6M | $4.9M | 50x | as long as short |
| MEXC ORCA_USDT | +0.166% | +0.0100% | 4h | $685K | $155K | 20x | as long as short |
| BloFin ORCA-USDT | +0.166% | +0.0097% | 4h | $251K | $186K | 50x | as long as short |
| Aster ORCAUSDTshort | +0.192% | +0.0100% | 4h | $44K | $48K | 5x |
Show all 12 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORCAUSD | +0.249% | −0.1062% | 1h | $9K | $15K | 10x | as long as short |
| KuCoin ORCAUSDTM | +0.333% | +0.0700% | 4h | $565K | $191K | 30x | as long as short |