Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.5% APRnext payment −$0.21 per $10,000 · paid last 24h +0.062%
Price spread now: MEXC against BloFin−0.198%64s7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$710.707% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.198%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.149% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 64 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 | BloFin ORCA-USDT | 1.5120 | 0.0142 | pay 0.0071% / 4h | 3h 56m | $227K | $60K | 50x |
| Short | MEXC ORCA_USDT | 1.5090 | 0.0100 | get 0.0050% / 4h | 3h 56m | $702K | $121K | 20x |
BloFin ORCA-USDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$8.72
- Price spread: −0.198% → −0.049%
- −$14.94
- Slippage, 4 orders
- −$54.75
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$94.41
- Costs to cover
- 0.707%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 35 min ago; MEXC: live order book, 54 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 BloFin live order book, 35 min ago | 3.30 bp | 13.6 bp −$14 | 49.6 bp −$496 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 54 min ago | 3.32 bp | 15.0 bp −$15 | 41.0 bp −$410 | 386.5 bp −$38.7K | 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 | −0.0724% | 1h | 1.5111 | −0.056% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5100 | −0.132% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5110 | −0.066% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5096 | −0.161% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5089 | −0.205% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5110 | −0.066% | $127K | $36K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5090 | −0.198% | $702K | $121K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5116 | −0.026% | $587K | $199K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5100 | −0.132% | $669K | $642K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5084 | −0.235% | $3K | $132K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ORCA-USDTlong | +0.0142% | 4h | 1.5120 | long leg | $227K | $60K | 50x | |
| Variational Omni ORCA | +0.0301% | 4h | 1.5088 | −0.213% | $29K | $10K | — | as long as short |
Variational Omni ORCA