ORCA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1782%/8h= +195.1% APRnext payment +$8.91 per $10,000 · paid last 24h +0.290%

Price spread now: Variational Omni against Gate−0.220%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.220% cheaper against Gate than usual: you would sell low and buy high (spread −0.220% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 10 hours of funding at the current rate (+$53 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORCA_USDT	1.5105	0.0100	pay 0.0050% / 4h	1h 34m	$127K	$46K	25x
Short	Variational Omni ORCA	1.5072	0.1882	get 0.0941% / 4h	1h 34m	$28K	$12K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Variational OmnibpOrdersPrice spread, now −0.220%Rate

Funding earned: $374.21
Price spread: −0.220% → 0.000%: −$22
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $337.21
Costs to cover: 0.150%
Break-even: 0.7 days

Slippage unknown: Gate: live order book, 41 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 41 min ago	8.30 bp	36.7 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0176%	1h	1.5135	+0.196%	$9K	$14K	10x	as long as short
BingX ORCA-USDT	+0.0070%	4h	1.5120	+0.099%	—	$6.6M	—	as long as short
BloFin ORCA-USDT	+0.0076%	4h	1.5090	−0.099%	$230K	$58K	50x	as long as short
Aster ORCAUSDT	+0.0100%	4h	1.5120	+0.099%	$44K	$44K	5x	as long as short
Binance ORCAUSDT	+0.0100%	4h	1.5113	+0.053%	$3.5M	$5.4M	50x	as long as short
Gate ORCA_USDTlong	+0.0100%	4h	1.5105	long leg	$127K	$46K	25x
MEXC ORCA_USDT	+0.0100%	4h	1.5110	+0.033%	$704K	$144K	20x	as long as short
KuCoin ORCAUSDTM	+0.0100%	4h	1.5145	+0.265%	$580K	$205K	30x	as long as short
Bitget ORCAUSDT	+0.0100%	4h	1.5100	−0.033%	$696K	$529K	25x	as long as short
Extended ORCA-USD	+0.0104%	1h	1.5115	+0.065%	$3K	$155K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ORCAUSDT	+0.1675%	4h	1.5063	−0.278%	$2.1M	$1.3M	25x	as long as short
Variational Omni ORCAshort	+0.1882%	4h	1.5072	−0.220%	$28K	$12K	—