Funding you earn now, next payment 01:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.063%
Price spread now: BloFin against Extended−0.109%74s7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1051.049% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.126%+$13 · spread now −0.109%, 7d avg +0.062%
=Together, before fees+0.127%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.171% cheaper against Extended than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.062%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.5147 | 0.0104 | pay 0.0013% / 1h | 31m 58s | $3K | $157K | 5x |
| Short | BloFin ORCA-USDT | 1.5130 | 0.0049 | get 0.0024% / 4h | 3h 31m | $227K | $59K | 50x |
Extended ORCA-USD
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$11.58
- Price spread: −0.109% → +0.062%
- −$17.14
- Slippage, 4 orders
- −$87.86
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$133.58
- Costs to cover
- 1.049%
- Break-even
- never at this rate
Slippage from Extended: live order book, 39 min ago; BloFin: live order book, 34 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, 39 min ago | 6.67 bp | 35.4 bp −$35 | 238.7 bp −$2,387 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 3.31 bp | 16.3 bp −$16 | 52.7 bp −$527 | 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 | −0.0410% | 1h | 1.5151 | +0.031% | $9K | $14K | 10x | as long as short |
| BloFin ORCA-USDTshort | +0.0049% | 4h | 1.5130 | −0.109% | $227K | $59K | 50x | |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5160 | +0.089% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5151 | +0.027% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5150 | +0.023% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5128 | −0.122% | $125K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5150 | +0.023% | $697K | $140K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5178 | +0.208% | $584K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5140 | −0.043% | $687K | $571K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5147 | long leg | $3K | $157K | 5x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1087% | 4h | 1.5095 | −0.342% | $28K | $12K | — | as long as short |
| Bybit ORCAUSDT | +0.1314% | 4h | 1.5130 | −0.109% | $2.1M | $1.4M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT