data as of
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Price arb /

ORCA

all ORCA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$108
spread now+0.175%7d average−0.057%fees + slippage, in and out−$132spread needed1.315%
Long on BybitShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ORCAUSDT1.48760.2008pay 0.1004% / 4h58m 15s$2.1M$1.3M25x
ShortGate ORCA_USDT1.49020.0100get 0.0050% / 4h58m 15s$126K$42K25x

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
$17.48
Funding while held
−$57.24
Slippage, 4 orders
−$105.52
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$171.28
Spread needed to break even
1.315%
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 29 min ago.

Cost of waiting

funding view
Funding /8h
−0.1908%
Per $10,000 a day
−$57.24
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, 5 min ago1.01 bp28.5 bp −$29262.5 bp −$2,625doesn't fitdoesn't fit
Sell Gate live order book, 29 min ago9.07 bp44.2 bp −$44doesn't fitdoesn't fitdoesn't fit

ORCA price on every exchange

against the cheapest. Click to use as the short leg.
Bybit1.4876cheapest
Variational Omni1.4879+0.019%BingX1.4890+0.094%Extended1.4899+0.152%Kraken Futures1.4899+0.153%Binance1.4900+0.161%MEXC1.4900+0.161%Bitget1.4900+0.161%
Gate1.4902+0.175%
Aster1.4905+0.195%BloFin1.4920+0.296%KuCoin1.4922+0.309%

ORCA on 12 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ORCAUSDTlong0.000%+0.2008%4h$2.1M$1.3M25x
Variational Omni ORCA+0.019%+0.2078%4h$28K$11K—as long as short
BingX ORCA-USDT+0.094%+0.1860%4h—$6.6M—as long as short
Extended ORCA-USD+0.152%+0.0104%1h$3K$155K5xas long as short
Kraken Futures PF_ORCAUSD+0.153%−0.1224%1h$9K$15K10xas long as short
Binance ORCAUSDT+0.161%+0.0100%4h$3.5M$5.2M50xas long as short
MEXC ORCA_USDT+0.161%+0.0100%4h$684K$150K20xas long as short
Bitget ORCAUSDT+0.161%+0.0100%4h$721K$522K25xas long as short
Gate ORCA_USDTshort+0.175%+0.0100%4h$126K$42K25x
Aster ORCAUSDT+0.195%+0.0100%4h$44K$45K5xas long as short
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin ORCA-USDT+0.296%+0.0136%4h$239K$51K50xas long as short
KuCoin ORCAUSDTM+0.309%+0.0362%4h$570K$200K30xas long as short