ArbiLayer

ORCA arbitrage

live

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

Best net spread+0.83%Gate → Bybit · Perp–Perp
Best perp–perp spread+0.99%Gate → Bybit
Markets tracked138 venues · 8 perp · 5 spot · 0 DEX
Price range1.01%$2.97 – $3.00

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$2.97Bybit logoBybit$3.00 +0.99%+0.83% +0.86%— -0.786%-0.40% LS Chart →
MEXC logoMEXC$2.98Bybit logoBybit$3.00 +0.76%+0.60% +0.62%— -0.854%-2.26% LS Chart →
KuCoin logoKuCoin$2.98Bybit logoBybit$3.00 +0.74%+0.58% +0.63%— -0.675%-2.58% LS Chart →
Gate logoGate$2.97Variational logoVariational$3.00 +0.73%+0.57% +0.62%— -0.672%— LS Chart →
Binance logoBinance$2.98Bybit logoBybit$3.00 +0.70%+0.54% +0.55%— -0.854%+0.62% LS Chart →
Bitget logoBitget$2.98Bybit logoBybit$3.00 +0.70%+0.54% +0.62%$39.7K -0.486%-2.26% LS Chart →
Aster logoAster$2.98Bybit logoBybit$3.00 +0.66%+0.50% +0.54%— -0.769%+0.78% LS Chart →
MEXC logoMEXC$2.98Variational logoVariational$3.00 +0.51%+0.35% +0.38%— -0.740%— LS Chart →
KuCoin logoKuCoin$2.98Variational logoVariational$3.00 +0.49%+0.33% +0.39%— -0.561%— LS Chart →
Binance logoBinance$2.98Variational logoVariational$3.00 +0.44%+0.28% +0.32%— -0.739%— LS Chart →
Bitget logoBitget$2.98Variational logoVariational$3.00 +0.44%+0.28% +0.38%— -0.372%— LS Chart →
Aster logoAster$2.98Variational logoVariational$3.00 +0.41%+0.25% +0.30%— -0.655%— LS Chart →
Gate logoGate$2.97Bitget logoBitget$2.98 +0.26%+0.10% +0.21%— -0.300%+1.86% LS Chart →
Gate logoGate$2.97Binance logoBinance$2.98 +0.23%+0.07% +0.24%— +0.068%-1.02% LS Chart →
Gate logoGate$2.97Aster logoAster$2.98 +0.23%+0.07% +0.22%— -0.017%-1.18% LS Chart →
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
Bybit logoBybitPerpetual · ORCAUSDTPerpetual $3.00$3.00$3.00+0.72% -1.379%$98.52M
Bitget logoBitgetPerpetual · ORCAUSDTPerpetual $2.98$2.98$2.980.00% -0.893%$69.61M
Gate logoGatePerpetual · ORCA_USDTPerpetual $2.97$2.97$2.97-0.30% -0.593%$51.66M
KuCoin logoKuCoinPerpetual · ORCAUSDTMPerpetual $2.98$2.98$2.98-0.06% -0.704%$15.54M
MEXC logoMEXCPerpetual · ORCA_USDTPerpetual $2.98$2.98$2.98-0.07% -0.524%$10.19M
Gate logoGateSpot · ORCA_USDTSpot $2.98$2.98$2.98-0.01% —$4.40M
Bitget logoBitgetSpot · ORCAUSDTSpot $2.99$3.00$2.99+0.39% —$2.66M
KuCoin logoKuCoinSpot · ORCA-USDTSpot $2.99$2.99$2.99+0.32% —$1.78M
Variational logoVariationalPerpetual · ORCAPerpetual $3.00$3.00$3.00+0.52% -1.264%$1.29M
Binance logoBinancePerpetual · ORCAUSDTPerpetual $2.98$2.98$2.98-0.02% -0.525%—
Aster logoAsterPerpetual · ORCAUSDTPerpetual $2.98$2.98$2.980.00% -0.609%—
Binance logoBinanceSpot · ORCAUSDTSpot $2.99$2.99$2.99+0.34% ——
MEXC logoMEXCSpot · ORCAUSDTSpot $2.99$2.99$2.99+0.26% ——
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 Gate perp at $2.97 and the highest bid on Bybit perp at $3.00.

The widest ORCA perpetual spread is between Gate and Bybit: long ORCA on Gate at $2.97 and short on Bybit at $3.00 for +0.99% gross, or +0.83% 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 -0.786% 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 Gate and short the perpetual on Bybit: +0.70% gross, +0.50% net, with -1.379% a day of funding on the short leg.

Spot–spot ORCA arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.31% 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.

Related: ORCA funding rates · ORCA spread charts · Orca price · arbitrage scanner for all coins.

Is there a ORCA arbitrage opportunity right now?

The best ORCA route right now is to buy on Gate → sell on Bybit (Perp–Perp): +0.99% gross and +0.83% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest ORCA?

Gate (perp) has the lowest ORCA ask at $2.97, and Bybit (perp) the highest bid at $3.00. 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 (Gate now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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