Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.025%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.025%, 7d avg +0.027%
=Together, before fees−0.005%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.5245 | 0.0104 | pay 0.0013% / 1h | 7m 52s | $2K | $122K | 5x |
| Short | Binance ORCAUSDT | 1.5249 | 0.0100 | get 0.0050% / 4h | 3h 07m | $3.5M | $5.6M | 50x |
Extended ORCA-USD
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$0.84
- Price spread: +0.025% → +0.027%
- −$0.21
- Slippage, 4 orders
- −$92.44
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.49
- Costs to cover
- 1.074%
- Break-even
- never at this rate
Slippage from Extended: live order book, 63 min ago; Binance: live order book, 15 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 Extended live order book, 63 min ago | 6.67 bp | 35.4 bp −$35 | 238.7 bp −$2,387 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.28 bp | 17.2 bp −$17 | 64.5 bp −$645 | 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 | −0.0407% | 1h | 1.5269 | +0.152% | $10K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5240 | −0.035% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0095% | 4h | 1.5230 | −0.101% | $227K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5253 | +0.048% | $45K | $44K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5249 | +0.025% | $3.5M | $5.6M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5255 | +0.063% | $128K | $47K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5250 | +0.030% | $706K | $143K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5240 | −0.035% | $685K | $595K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5245 | long leg | $2K | $122K | 5x | |
| KuCoin ORCAUSDTM | +0.0132% | 4h | 1.5282 | +0.240% | $589K | $207K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0315% | 4h | 1.5222 | −0.153% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.0899% | 4h | 1.5226 | −0.127% | $28K | $11K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA