ORCA funding rates
ORCA perpetual funding is currently quoted across 4 venues, ranging from -95.1% to +10.9% APR. The most reliable delta-neutral pairing for ORCA right now is long Phoenix / short Extended at +73.0% net APR (low risk, ~0.9d to break even).
as of 2026-10-27 21:43 UTC
Best delta-neutral pairing
Long Phoenix / Short Extended
+73.0% net APR
- Backtested (30d)
- +59.0%
- Stability
- 97.6%
- Risk
- low
- Breakeven
- ~0.9d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeORCA funding by exchange
| Exchange | Funding APR |
|---|---|
| Variational | +10.95% |
| Extended | -12.26% |
| Aster | -41.58% |
| Phoenix | -95.14% |
Frequently asked
What is the ORCA funding rate right now?
ORCA perpetual funding ranges from -95.14% to 10.95% APR across 4 exchanges we track; the widest delta-neutral spread is long Phoenix / short Extended at 73.0% net APR.
Which exchange has the highest ORCA funding rate?
Variational currently has the highest at 10.95% APR. See the full ranking above.