Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.299%
Price spread now: Bybit against Extended−0.118%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1151.155% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.118%, 7d avg +0.048%
=Together, before fees+0.566%+ Points / potential airdropExtended: Active · farm board+$57 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.165% cheaper against Extended than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.4978 | 0.0104 | pay 0.0013% / 1h | 0m 08s | $2K | $103K | 5x |
| Short | Bybit ORCAUSDT | 1.4960 | 0.0100 | get 0.0050% / 4h | 3h 00m | $2.0M | $1.5M | 25x |
Extended ORCA-USD
Bybit ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.118% → +0.048%
- −$16.52
- Slippage, 4 orders
- −$99.49
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$132.85
- Costs to cover
- 1.155%
- Break-even
- never at this rate
Slippage from Extended: live order book, 50 min ago; Bybit: live order book, 1 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, 50 min ago | 6.98 bp | 37.8 bp −$38 | 256.1 bp −$2,561 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.35 bp | 20.4 bp −$20 | 88.9 bp −$889 | 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 | −0.0730% | 1h | 1.4981 | +0.020% | $9K | $12K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4970 | −0.051% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0098% | 4h | 1.4970 | −0.051% | $225K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4984 | +0.042% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4982 | +0.029% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDTshort | +0.0100% | 4h | 1.4960 | −0.118% | $2.0M | $1.5M | 25x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4981 | +0.023% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4970 | −0.051% | $690K | $125K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4998 | +0.136% | $577K | $200K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4960 | −0.118% | $659K | $648K | 25x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended ORCA-USDlong | +0.0104% | 1h | 1.4978 | long leg | $2K | $103K | 5x | |
| Variational Omni ORCA | +0.0249% | 4h | 1.4959 | −0.122% | $29K | $10K | — | as long as short |
Variational Omni ORCA