Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.168%
Price spread now: Bitget against BingX0.000%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$940.939% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.038%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.038% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.038%. Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORCA-USDT | 1.5060 | 0.0070 | pay 0.0035% / 4h | 1h 01m | — | $6.6M | — |
| Short | Bitget ORCAUSDT | 1.5060 | 0.0100 | get 0.0050% / 4h | 1h 01m | $701K | $556K | 25x |
BingX ORCA-USDT
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- $6.3
- Price spread: 0.000% → −0.038%
- $3.78
- Slippage, 4 orders
- −$71.87
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$83.79
- Costs to cover
- 0.939%
- Break-even
- 100.1 days
Slippage from BingX: live order book, 15 min ago; Bitget: live order book, 14 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 BingX live order book, 15 min ago | 9.96 bp | 21.8 bp −$22 | 59.0 bp −$590 | 611.1 bp −$61.1K | 1201.3 bp −$600.6K |
| Sell Bitget live order book, 14 min ago | 6.64 bp | 21.5 bp −$21 | 71.4 bp −$714 | doesn't fit | 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 | −0.0177% | 1h | 1.5071 | +0.073% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5060 | long leg | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5071 | +0.075% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5075 | +0.101% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5077 | +0.113% | $126K | $47K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5060 | 0.000% | $702K | $147K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5094 | +0.226% | $576K | $206K | 30x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5060 | 0.000% | $701K | $556K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5067 | +0.046% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0150% | 4h | 1.5070 | +0.066% | $229K | $59K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
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 | +0.1451% | 4h | 1.5046 | −0.093% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1631% | 4h | 1.5037 | −0.150% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA