Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%
Price spread now: Bitget against KuCoin−0.221%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$538as in the Funding arb table
Net, price: spread back to 7d avg − costs−$546as in the Price arb table
costs, in and out, $10k−$5335.332% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.221%, 7d avg −0.093%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.128% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.093%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.4913 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $577K | $203K | 30x |
| Short | Bitget ORCAUSDT | 1.4880 | 0.0100 | get 0.0050% / 4h | 2h 31m | $652K | $665K | 25x |
KuCoin ORCAUSDTM
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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: −0.221% → −0.093%
- −$12.83
- Slippage, 4 orders
- −$509.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$545.99
- Costs to cover
- 5.332%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 28 min ago; Bitget: live order book, 14 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 KuCoin live order book, 28 min ago | 7.68 bp | 230.9 bp −$231 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 14 min ago | 10.02 bp | 32.4 bp −$32 | 82.5 bp −$825 | 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 | −0.0006% | 1h | 1.4906 | −0.044% | $9K | $10K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0051% | 4h | 1.4860 | −0.355% | $224K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4890 | −0.154% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4900 | −0.084% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4891 | −0.151% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4893 | −0.134% | $124K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4890 | −0.154% | $688K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.4913 | long leg | $577K | $203K | 30x | |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.4880 | −0.221% | $652K | $665K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.4885 | −0.185% | $2K | $102K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0314% | 4h | 1.4892 | −0.143% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0372% | 4h | 1.4877 | −0.241% | $2.0M | $1.5M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT