Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.027%
Price spread now: Gate against KuCoin0.000%7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$560as in the Funding arb table
Net, price: spread back to 7d avg − costs−$541as in the Price arb table
costs, in and out, $10k−$5515.507% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 4 days (all we have)−0.141%−$14 · spread now 0.000%, 7d avg −0.097%
=The price spread pays, funding is against you. Gate is 0.097% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.097%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5148 | 0.0164 | pay 0.0082% / 4h | 20m 16s | $584K | $199K | 30x |
| Short | Gate ORCA_USDT | 1.5148 | 0.0100 | get 0.0050% / 4h | 20m 16s | $128K | $38K | 25x |
KuCoin ORCAUSDTM
Gate ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$13.44
- Price spread: 0.000% → −0.097%
- $9.75
- Slippage, 4 orders
- −$523.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$554.36
- Costs to cover
- 5.507%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 63 min ago; Gate: live order book, 30 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, 63 min ago | 9.21 bp | 289.1 bp −$289 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 30 min ago | 10.63 bp | 47.3 bp −$47 | doesn't fit | 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 | −0.0512% | 1h | 1.5143 | −0.036% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5140 | −0.053% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0086% | 4h | 1.5150 | +0.013% | $227K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5153 | +0.036% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5140 | −0.053% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5136 | −0.079% | $2.1M | $1.5M | 25x | as long as short |
| Gate ORCA_USDTshort | +0.0100% | 4h | 1.5148 | 0.000% | $128K | $38K | 25x | |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5140 | −0.053% | $699K | $123K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5130 | −0.119% | $670K | $641K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5137 | −0.074% | $4K | $127K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTMlong | +0.0164% | 4h | 1.5148 | long leg | $584K | $199K | 30x | |
| Variational Omni ORCA | +0.0287% | 4h | 1.5120 | −0.187% | $29K | $10K | — | as long as short |
Variational Omni ORCA