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: MEXC against BingX0.000%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$660.660% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now 0.000%, 7d avg −0.059%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.059% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.059%. Mind the row above: over the last 7 days funding on this pair cost −0.192%, 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 | 1.5070 | 0.0070 | pay 0.0035% / 4h | 28m 58s | — | $6.6M | — |
| Short | MEXC ORCA_USDT | 1.5070 | 0.0100 | get 0.0050% / 4h | 28m 58s | $702K | $139K | 20x |
BingX ORCA-USDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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% → −0.059%
- $5.89
- Slippage, 4 orders
- −$51.96
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$53.77
- Costs to cover
- 0.660%
- Break-even
- 66.7 days
Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 41 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 | 9.94 bp | 22.1 bp −$22 | 62.7 bp −$627 | 536.5 bp −$53.6K | 1050.6 bp −$525.3K |
| Sell MEXC live order book, 41 min ago | 3.32 bp | 10.0 bp −$10 | 32.0 bp −$320 | 242.5 bp −$24.3K | 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 | −0.0442% | 1h | 1.5085 | +0.098% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5070 | long leg | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5095 | +0.165% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5080 | +0.066% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5100 | +0.199% | $127K | $46K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5070 | 0.000% | $702K | $139K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5114 | +0.292% | $581K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5080 | +0.066% | $698K | $556K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5077 | +0.047% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0126% | 4h | 1.5060 | −0.066% | $228K | $59K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance 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 | +0.1226% | 4h | 1.5054 | −0.106% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1512% | 4h | 1.5047 | −0.154% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA