Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h −0.243%
Price spread now: BloFin against BingX0.000%96s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$760.760% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 3 days (all we have)+0.205%+$21 · spread now 0.000%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORCA-USDT | 1.5100 | 0.0070 | pay 0.0035% / 4h | 2h 49m | — | $6.6M | — |
| Short | BloFin ORCA-USDT | 1.5100 | 0.0108 | get 0.0054% / 4h | 2h 49m | $235K | $58K | 50x |
BingX ORCA-USDT
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $8
- Price spread: 0.000% → −0.001%
- $0.14
- Slippage, 4 orders
- −$54
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$67.86
- Costs to cover
- 0.760%
- Break-even
- 66.4 days
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 33 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, 3 min ago | 6.63 bp | 17.2 bp −$17 | 61.4 bp −$614 | 670.7 bp −$67.1K | 1214.0 bp −$607.0K |
| Sell BloFin live order book, 33 min ago | 6.62 bp | 24.9 bp −$25 | 50.1 bp −$501 | 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 | −0.0790% | 1h | 1.5088 | −0.077% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5100 | long leg | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5110 | +0.068% | $44K | $45K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5100 | 0.000% | $3.5M | $5.3M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5109 | +0.060% | $127K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5100 | 0.000% | $692K | $146K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5131 | +0.205% | $580K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5080 | −0.132% | $709K | $509K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5099 | −0.010% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDTshort | +0.0108% | 4h | 1.5100 | 0.000% | $235K | $58K | 50x |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1796% | 4h | 1.5065 | −0.232% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1935% | 4h | 1.5062 | −0.254% | $29K | $11K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA