ORCA arbitrage

live

Live Orca price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.68%Bitget → Variational · Perp–Perp

Best perp–perp spread+0.84%Bitget → Variational

Markets tracked138 venues · 8 perp · 5 spot · 0 DEX

Price range0.94%$2.84 – $2.87

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart

No venue pairs for this coin in this mode right now.

Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

ORCA price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h

BybitPerpetual · ORCAUSDTPerpetual $2.87$2.87$2.87+0.32% -1.488%$104.80M

BitgetPerpetual · ORCAUSDTPerpetual $2.84$2.85$2.84-0.44% -0.706%$68.76M

GatePerpetual · ORCA_USDTPerpetual $2.85$2.85$2.85-0.29% -0.641%$54.98M

KuCoinPerpetual · ORCAUSDTMPerpetual $2.84$2.85$2.85-0.43% -0.778%$15.52M

MEXCPerpetual · ORCA_USDTPerpetual $2.85$2.85$2.85-0.42% -0.574%$10.85M

GateSpot · ORCA_USDTSpot $2.86$2.86$2.86+0.01% —$4.73M

BitgetSpot · ORCAUSDTSpot $2.86$2.86$2.860.00% —$2.98M

KuCoinSpot · ORCA-USDTSpot $2.86$2.86$2.86+0.02% —$1.74M

VariationalPerpetual · ORCAPerpetual $2.87$2.87$2.87+0.50% -1.556%$1.45M

BinancePerpetual · ORCAUSDTPerpetual $2.85$2.85$2.85-0.35% -0.575%—

AsterPerpetual · ORCAUSDTPerpetual $2.85$2.85$2.85-0.33% -0.596%—

BinanceSpot · ORCAUSDTSpot $2.86$2.86$2.86+0.02% ——

MEXCSpot · ORCAUSDTSpot $2.86$2.86$2.86+0.05% ——

Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ORCA arbitrage explained

Right now Orca (ORCA) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $2.85 and the highest bid on Variational perp at $2.87.

The widest ORCA perpetual spread is between Bitget and Variational: long ORCA on Bitget at $2.85 and short on Variational at $2.87 for +0.84% gross, or +0.68% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.850% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best ORCA route is to buy spot on Binance and short the perpetual on Variational: +0.38% gross, +0.18% net, with -1.556% a day of funding on the short leg.

Spot–spot ORCA arbitrage (buy on Binance, withdraw, deposit and sell on MEXC) shows -0.07% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small ORCA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Is there a ORCA arbitrage opportunity right now?

The best ORCA route right now is to buy on Bitget → sell on Variational (Perp–Perp): +0.84% gross and +0.68% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest ORCA?

Bitget (perp) has the lowest ORCA ask at $2.85, and Variational (perp) the highest bid at $2.87. Prices update every 15 seconds on this page.

How many exchanges list ORCA?

ArbiLayer tracks 13 ORCA markets on 8 venues: 8 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage ORCA without transferring coins?

Use two perpetual contracts: go long ORCA on the cheaper exchange (Bitget now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

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