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Funding arb · Price arb /

ORCA

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Alert: funding
Measured
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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.

Alert: spread
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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.

Funding you earn now, next payment 12:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.45 per $10,000 · paid last 24h +0.046%
Price spread now: Variational Omni against Bybit+0.064%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.064% dearer against Bybit than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ORCAUSDT1.49480.1073pay 0.0536% / 4h3h 51m$2.0M$1.5M25x
ShortVariational Omni ORCA1.49580.0983get 0.0491% / 4h3h 51m$29K$10K—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$18.89
Price spread: +0.064% → 0.000%
$6.38
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$23.51
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: no order-book sample. Net counts fees only.

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 ago5.01 bp19.7 bp −$2088.6 bp −$886doesn't fitdoesn't fit
Sell Variational Omni no order-book sample—————
Variational Omni: 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 on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.0600%1h1.4952+0.028%$9K$8K10xas long as short
BingX ORCA-USDT+0.0070%4h1.4960+0.080%—$6.6M—as long as short
BloFin ORCA-USDT+0.0077%4h1.4960+0.080%$222K$60K50xas long as short
Aster ORCAUSDT+0.0100%4h1.4958+0.066%$44K$38K5xas long as short
Binance ORCAUSDT+0.0100%4h1.4958+0.066%$3.5M$5.4M50xas long as short
Gate ORCA_USDT+0.0100%4h1.4965+0.114%$125K$35K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.4950+0.013%$689K$121K20xas long as short
KuCoin ORCAUSDTM+0.0100%4h1.4989+0.274%$547K$202K30xas long as short
Bitget ORCAUSDT+0.0100%4h1.4960+0.080%$668K$665K25xas long as short
Extended ORCA-USD+0.0104%1h1.4954+0.038%$1K$210K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ORCAshort+0.0983%4h1.4958+0.064%$29K$10K—
Bybit ORCAUSDTlong+0.1073%4h1.4948long leg$2.0M$1.5M25x