Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.026%
Price spread now: Extended against KuCoin−0.196%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$527as in the Funding arb table
Net, price: spread back to 7d avg − costs−$527as in the Price arb table
costs, in and out, $10k−$5195.188% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.196%, 7d avg −0.114%
=Together, before fees−0.078%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.082% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.114%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5047 | 0.0100 | pay 0.0050% / 4h | 3h 19m | $585K | $199K | 30x |
| Short | Extended ORCA-USD | 1.5017 | 0.0104 | get 0.0013% / 1h | 19m 30s | $2K | $110K | 5x |
KuCoin ORCAUSDTM
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.196% → −0.114%
- −$8.17
- Slippage, 4 orders
- −$501.83
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$526.16
- Costs to cover
- 5.188%
- Break-even
- 4391.7 days
Slippage from KuCoin: live order book, 54 min ago; Extended: live order book, 31 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, 54 min ago | 8.58 bp | 305.7 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 31 min ago | 6.98 bp | 36.3 bp −$36 | 241.3 bp −$2,413 | 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 | 1.5043 | −0.029% | $9K | $12K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0066% | 4h | 1.5030 | −0.113% | $226K | $60K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5020 | −0.179% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5025 | −0.144% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5014 | −0.219% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5004 | −0.286% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5031 | −0.106% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5010 | −0.246% | $698K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.5047 | long leg | $585K | $199K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5010 | −0.246% | $665K | $646K | 25x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit 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-USDshort | +0.0104% | 1h | 1.5017 | −0.196% | $2K | $110K | 5x | |
| Variational Omni ORCA | +0.0217% | 4h | 1.5017 | −0.200% | $29K | $10K | — | as long as short |
Variational Omni ORCA