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Funding arb · Price arb /

ORCA

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Alert: funding
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC−0.1014%/8h= −111.0% APRnext payment −$5.07 per $10,000 · paid last 24h −0.321%
Price spread now: KuCoin against Variational Omni+0.349%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on KuCoin
What this pair did over the last
the charts below follow
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
The price spread pays, funding is against you. KuCoin is 0.349% dearer against Variational Omni than usual: you sell high and buy low (spread +0.349% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 28 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ORCA1.51330.1114pay 0.0557% / 4h3h 31m$28K$12K—
ShortKuCoin ORCAUSDTM1.51860.0100get 0.0050% / 4h3h 31m$585K$207K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$212.87
Price spread: +0.349% → 0.000%
$34.92
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$189.95
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 22 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample—————
Sell KuCoin live order book, 22 min ago9.91 bp117.5 bp −$117doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORCAUSD−0.0410%1h1.5159+0.169%$9K$14K10xas long as short
BingX ORCA-USDT+0.0070%4h1.5160+0.177%—$6.6M—as long as short
BloFin ORCA-USDT+0.0079%4h1.5150+0.111%$227K$59K50xas long as short
Aster ORCAUSDT+0.0100%4h1.5143+0.066%$44K$44K5xas long as short
Binance ORCAUSDT+0.0100%4h1.5160+0.177%$3.5M$5.5M50xas long as short
Gate ORCA_USDT+0.0100%4h1.5126−0.047%$125K$46K25xas long as short
MEXC ORCA_USDT+0.0100%4h1.5160+0.177%$698K$140K20xas long as short
KuCoin ORCAUSDTMshort+0.0100%4h1.5186+0.349%$585K$207K30x
Bitget ORCAUSDT+0.0100%4h1.5170+0.243%$689K$571K25xas long as short
Extended ORCA-USD+0.0104%1h1.5147+0.090%$3K$157K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ORCAlong+0.1114%4h1.5133long leg$28K$12K—
Bybit ORCAUSDT+0.1336%4h1.5135+0.012%$2.1M$1.4M25xas long as short