data as of
Settings8H · net · $10k
Price arb /

ORCA

all ORCA markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$72
spread now+0.094%7d average−0.019%fees + slippage, in and out−$83spread needed0.829%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ORCAUSDT1.49460.0997pay 0.0498% / 4h3h 22m$2.1M$1.2M25x
ShortBingX ORCA-USDT1.49600.1694get 0.0847% / 4h3h 22m$6.6M

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$9.37
Funding while held
$20.93
Slippage, 4 orders
−$61.93
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$52.64
Spread needed to break even
0.829%
Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0698%
Per $10,000 a day
+$20.93
Average in range /8h

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago3.01 bp23.0 bp −$23190.1 bp −$1,901doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago3.33 bp19.3 bp −$1960.8 bp −$608673.1 bp −$67.3K1245.1 bp −$622.6K

ORCA price on every exchange

against the cheapest. Click to use as the short leg.

ORCA on 12 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ORCAUSDTlong0.000%+0.0997%4h$2.1M$1.2M25x
Bitget ORCAUSDT+0.094%+0.0100%4h$716K$499K25xas long as short
BingX ORCA-USDTshort+0.094%+0.1694%4h$6.6M
Kraken Futures PF_ORCAUSD+0.095%−0.1069%1h$9K$15K10xas long as short
MEXC ORCA_USDT+0.161%+0.0100%4h$681K$155K20xas long as short
Extended ORCA-USD+0.212%+0.0104%1h$3K$155K5xas long as short
Binance ORCAUSDT+0.227%+0.0100%4h$3.6M$4.9M50xas long as short
Aster ORCAUSDT+0.229%+0.0100%4h$44K$48K5xas long as short
Gate ORCA_USDT+0.274%+0.0100%4h$126K$39K25xas long as short
BloFin ORCA-USDT+0.294%+0.0129%4h$251K$186K50xas long as short
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin ORCAUSDTM+0.415%+0.0658%4h$563K$191K30xas long as short
Variational Omni ORCA+0.463%+0.1980%4h$29K$11Kas long as short