Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Gate against Extended+0.027%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1601.601% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.027%, 7d avg +0.013%
=Together, before fees+0.010%+ 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 | 1.5098 | 0.0104 | pay 0.0013% / 1h | 23m 35s | $3K | $155K | 5x |
| Short | Gate ORCA_USDT | 1.5102 | 0.0100 | get 0.0050% / 4h | 2h 23m | $127K | $46K | 25x |
Extended ORCA-USD
Gate ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.027% → +0.013%
- $1.37
- Slippage, 4 orders
- −$140.13
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$159.6
- Costs to cover
- 1.601%
- Break-even
- never at this rate
Slippage from Extended: live order book, 62 min ago; Gate: live order book, 59 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, 62 min ago | 6.76 bp | 37.3 bp −$37 | 265.6 bp −$2,656 | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 10.59 bp | 48.9 bp −$49 | doesn't fit | 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 | −0.0790% | 1h | 1.5102 | +0.030% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5100 | +0.014% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5110 | +0.080% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5100 | +0.014% | $3.5M | $5.3M | 50x | as long as short |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.5102 | +0.027% | $127K | $46K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | −0.053% | $691K | $147K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5120 | +0.146% | $578K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5100 | +0.014% | $707K | $507K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5098 | long leg | $3K | $155K | 5x | |
| BloFin ORCA-USDT | +0.0136% | 4h | 1.5080 | −0.119% | $233K | $58K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1964% | 4h | 1.5076 | −0.146% | $29K | $11K | — | as long as short |
| Bybit ORCAUSDT | +0.2045% | 4h | 1.5077 | −0.139% | $2.1M | $1.3M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT