Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate−0.180%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1141.136% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.180%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.182% cheaper against Gate than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCA_USDT | 1.4987 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $146K | $50K | 25x |
| Short | Bitget ORCAUSDT | 1.4960 | 0.0100 | get 0.0050% / 4h | 1h 58m | $675K | $640K | 25x |
Gate ORCA_USDT
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- Price spread: −0.180% → +0.002%
- −$18.18
- Slippage, 4 orders
- −$86.61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$131.79
- Costs to cover
- 1.136%
- Break-even
- never at this rate
Slippage from Gate: live order book, 48 min ago; Bitget: live order book, 50 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 Gate live order book, 48 min ago | 9.01 bp | 32.7 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 50 min ago | 6.68 bp | 26.4 bp −$26 | 79.8 bp −$798 | doesn't fit | doesn't fit |
ORCA on 12 exchanges
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 | −0.0473% | 1h | 1.4971 | −0.105% | $9K | $8K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0064% | 4h | 1.4980 | −0.047% | $223K | $56K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4970 | −0.113% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4975 | −0.077% | $47K | $16K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4960 | −0.180% | $3.4M | $5.1M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.4962 | −0.167% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.4987 | long leg | $146K | $50K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4960 | −0.180% | $691K | $112K | 20x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.4960 | −0.180% | $675K | $640K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.4955 | −0.211% | $2K | $207K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
MEXC ORCA_USDT
Extended ORCA-USDShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0451% | 4h | 1.4945 | −0.277% | $30K | $14K | — | as long as short |
| KuCoin ORCAUSDTM | +0.0464% | 4h | 1.4998 | +0.073% | $541K | $202K | 30x | as long as short |
Variational Omni ORCA
KuCoin ORCAUSDTM