Funding you earn now, next payment 00:00 UTC−0.1797%/8h= −196.8% APRnext payment −$8.99 per $10,000 · paid last 24h −0.290%
Price spread now: Bitget against Variational Omni−0.056%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and Bitget is 0.056% cheaper against Variational Omni than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ORCA | 1.5098 | 0.1897 | pay 0.0949% / 4h | 2h 32m | $29K | $11K | — |
| Short | Bitget ORCAUSDT | 1.5090 | 0.0100 | get 0.0050% / 4h | 2h 32m | $707K | $507K | 25x |
Variational Omni ORCA
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Variational Omni. 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
- −$377.44
- Price spread: −0.056% → 0.000%
- −$5.61
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$395.05
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: no order-book sample; Bitget: live order book, 52 min ago. 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 52 min ago | 6.62 bp | 31.6 bp −$32 | 87.4 bp −$874 | doesn't fit | doesn't fit |
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 | −0.0790% | 1h | 1.5104 | +0.036% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5090 | −0.056% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0089% | 4h | 1.5090 | −0.056% | $233K | $58K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5109 | +0.069% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5090 | −0.056% | $3.5M | $5.3M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5092 | −0.043% | $126K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5090 | −0.056% | $691K | $146K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5124 | +0.169% | $578K | $204K | 30x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5090 | −0.056% | $707K | $507K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5089 | −0.065% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCAlong | +0.1897% | 4h | 1.5098 | long leg | $29K | $11K | — | |
| Bybit ORCAUSDT | +0.1910% | 4h | 1.5072 | −0.175% | $2.1M | $1.3M | 25x | as long as short |
Bybit ORCAUSDT