ArbiLayer

ORCA arbitrage

live

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

Best net spread+0.76%Binance → Variational · Perp–Perp
Best perp–perp spread+0.92%Binance → Variational
Markets tracked128 venues · 7 perp · 5 spot · 0 DEX
Price range1.01%$2.69 – $2.72

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
MEXC logoMEXCspot$2.70Gate logoGatespot$2.72 +0.54%+0.34% +0.54%— 0.000%— LS Chart →
Binance logoBinancespot$2.70Gate logoGatespot$2.72 +0.50%+0.30% +0.50%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$2.70Gate logoGatespot$2.72 +0.50%+0.30% +0.50%— 0.000%— LS Chart →
Bitget logoBitgetspot$2.71Gate logoGatespot$2.72 +0.43%+0.23% +0.43%— 0.000%— LS Chart →
MEXC logoMEXCspot$2.70Bitget logoBitgetspot$2.70 +0.08%-0.12% +0.08%— 0.000%— LS Chart →
Binance logoBinancespot$2.70Bitget logoBitgetspot$2.70 +0.04%-0.16% +0.04%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$2.70Bitget logoBitgetspot$2.70 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
MEXC logoMEXCspot$2.70Binance logoBinancespot$2.70 +0.00%-0.20% +0.00%— 0.000%— LS Chart →
MEXC logoMEXCspot$2.70KuCoin logoKuCoinspot$2.70 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$2.70Binance logoBinancespot$2.70 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Binance logoBinancespot$2.70KuCoin logoKuCoinspot$2.70 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Bitget logoBitgetspot$2.71Binance logoBinancespot$2.70 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
Bitget logoBitgetspot$2.71KuCoin logoKuCoinspot$2.70 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
Binance logoBinancespot$2.70MEXC logoMEXCspot$2.70 -0.21%-0.41% -0.21%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$2.70MEXC logoMEXCspot$2.70 -0.21%-0.41% -0.21%— 0.000%— 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 $2.71$2.71$2.71+0.33% -0.707%$108.27M
Bitget logoBitgetPerpetual · ORCAUSDTPerpetual $2.70$2.70$2.70-0.14% -0.459%$67.40M
MEXC logoMEXCPerpetual · ORCA_USDTPerpetual $2.70$2.71$2.70+0.08% -0.412%$11.77M
KuCoin logoKuCoinPerpetual · ORCAUSDTMPerpetual $2.70$2.70$2.70-0.21% -0.418%$11.54M
Gate logoGateSpot · ORCA_USDTSpot $2.72$2.72$2.72+0.53% —$4.52M
Bitget logoBitgetSpot · ORCAUSDTSpot $2.70$2.71$2.70+0.08% —$3.06M
KuCoin logoKuCoinSpot · ORCA-USDTSpot $2.70$2.70$2.70-0.01% —$1.53M
Variational logoVariationalPerpetual · ORCAPerpetual $2.72$2.72$2.72+0.71% -0.961%$1.40M
Binance logoBinancePerpetual · ORCAUSDTPerpetual $2.69$2.70$2.69-0.29% -0.413%—
Aster logoAsterPerpetual · ORCAUSDTPerpetual $2.70$2.70$2.70-0.20% -0.337%—
Binance logoBinanceSpot · ORCAUSDTSpot $2.70$2.70$2.70+0.01% ——
MEXC logoMEXCSpot · ORCAUSDTSpot $2.70$2.70$2.70-0.10% ——
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: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $2.70 and the highest bid on Variational perp at $2.72.

The widest ORCA perpetual spread is between Binance and Variational: long ORCA on Binance at $2.70 and short on Variational at $2.72 for +0.92% gross, or +0.76% 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 -0.548% 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 MEXC and short the perpetual on Variational: +0.66% gross, +0.46% net, with -0.961% a day of funding on the short leg.

Spot–spot ORCA arbitrage (buy on MEXC, withdraw, deposit and sell on Gate) shows +0.54% 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 Binance → sell on Variational (Perp–Perp): +0.92% gross and +0.76% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest ORCA?

Binance (perp) has the lowest ORCA ask at $2.70, and Variational (perp) the highest bid at $2.72. Prices update every 15 seconds on this page.

How many exchanges list ORCA?

ArbiLayer tracks 12 ORCA markets on 8 venues: 7 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 (Binance now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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