Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.032%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.032%, 7d avg −0.022%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5135 | 0.0100 | pay 0.0050% / 4h | 1h 22m | $3.5M | $5.4M | 50x |
| Short | MEXC ORCA_USDT | 1.5130 | 0.0100 | get 0.0050% / 4h | 1h 22m | $705K | $146K | 20x |
Binance ORCAUSDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.032% → −0.022%
- −$0.93
- Slippage, 4 orders
- −$47.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$62.25
- Costs to cover
- 0.613%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; MEXC: live order book, 52 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 15 min ago | 3.31 bp | 19.2 bp −$19 | 87.9 bp −$879 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 52 min ago | 3.32 bp | 10.9 bp −$11 | 37.2 bp −$372 | 354.0 bp −$35.4K | doesn't fit |
ORCA on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORCAUSD | −0.0176% | 1h | 1.5135 | +0.003% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5120 | −0.098% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5127 | −0.051% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5135 | long leg | $3.5M | $5.4M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5117 | −0.118% | $127K | $47K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5130 | −0.032% | $705K | $146K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5156 | +0.140% | $578K | $206K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5130 | −0.032% | $690K | $537K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5127 | −0.051% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0135% | 4h | 1.5110 | −0.164% | $232K | $58K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1627% | 4h | 1.5103 | −0.210% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1780% | 4h | 1.5096 | −0.259% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA