Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.142%
Price spread now: KuCoin against BingX+0.251%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$3083.075% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.251%, 7d avg +0.042%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.210% dearer against BingX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.042%. Mind the row above: over the last 7 days funding on this pair cost −0.094%, 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 | 1.5120 | 0.0070 | pay 0.0035% / 4h | 53m 42s | — | $6.6M | — |
| Short | KuCoin ORCAUSDTM | 1.5158 | 0.0100 | get 0.0050% / 4h | 53m 42s | $579K | $206K | 30x |
BingX ORCA-USDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.251% → +0.042%
- $20.97
- Slippage, 4 orders
- −$285.54
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$280.27
- Costs to cover
- 3.075%
- Break-even
- 318.4 days
Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 9 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, 8 min ago | 9.96 bp | 25.7 bp −$26 | 75.8 bp −$758 | 699.3 bp −$69.9K | 1220.2 bp −$610.1K |
| Sell KuCoin live order book, 9 min ago | 8.28 bp | 70.1 bp −$70 | doesn't fit | 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 | −0.0440% | 1h | 1.5129 | +0.063% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5120 | long leg | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5140 | +0.129% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.066% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5120 | 0.000% | $127K | $46K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5140 | +0.132% | $705K | $138K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.5158 | +0.251% | $579K | $206K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5120 | 0.000% | $702K | $557K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5127 | +0.046% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0116% | 4h | 1.5140 | +0.132% | $228K | $60K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
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 | +0.1425% | 4h | 1.5099 | −0.139% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1695% | 4h | 1.5094 | −0.169% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA