Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.274%
Price spread now: Bybit against KuCoin−0.180%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$463as in the Funding arb table
Net, price: spread back to 7d avg − costs−$500as in the Price arb table
costs, in and out, $10k−$4894.889% of the position
Funding, last 7 days+0.258%+$26 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.180%, 7d avg −0.067%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.113% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.067%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5040 | 0.0100 | pay 0.0050% / 4h | 3h 23m | $584K | $199K | 30x |
| Short | Bybit ORCAUSDT | 1.5013 | 0.0100 | get 0.0050% / 4h | 3h 23m | $2.0M | $1.5M | 25x |
KuCoin ORCAUSDTM
Bybit ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.180% → −0.067%
- −$11.27
- Slippage, 4 orders
- −$465.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$500.17
- Costs to cover
- 4.889%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 50 min ago; Bybit: live order book, 3 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, 50 min ago | 8.58 bp | 305.7 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.33 bp | 21.7 bp −$22 | 97.7 bp −$977 | 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 | −0.0727% | 1h | 1.5033 | −0.045% | $9K | $13K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0069% | 4h | 1.5020 | −0.133% | $226K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5010 | −0.199% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5028 | −0.077% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5030 | −0.068% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDTshort | +0.0100% | 4h | 1.5013 | −0.180% | $2.0M | $1.5M | 25x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5031 | −0.060% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5020 | −0.133% | $699K | $123K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.5040 | long leg | $584K | $199K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5020 | −0.133% | $665K | $648K | 25x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ORCA-USD | +0.0104% | 1h | 1.5026 | −0.095% | $2K | $129K | 5x | as long as short |
| Variational Omni ORCA | +0.0228% | 4h | 1.5019 | −0.138% | $29K | $10K | — | as long as short |
Extended ORCA-USD
Variational Omni ORCA