Funding you earn now, next payment 04:00 UTC−0.0185%/8h= −20.2% APRnext payment −$0.92 per $10,000 · paid last 24h −0.132%
Price spread now: BingX against Bybit−0.020%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$930.931% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now −0.020%, 7d avg −0.011%
=The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.5173 | 0.0255 | pay 0.0127% / 4h | 1h 17m | $2.1M | $1.5M | 25x |
| Short | BingX ORCA-USDT | 1.5170 | 0.0070 | get 0.0035% / 4h | 1h 17m | — | $6.6M | — |
Bybit ORCAUSDT
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$38.82
- Price spread: −0.020% → −0.011%
- −$0.88
- Slippage, 4 orders
- −$72.08
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$132.78
- Costs to cover
- 0.931%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 10 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 Bybit live order book, 4 min ago | 5.60 bp | 23.7 bp −$24 | 129.7 bp −$1,297 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 9.94 bp | 22.4 bp −$22 | 64.3 bp −$643 | 713.3 bp −$71.3K | 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 | −0.0258% | 1h | 1.5189 | +0.107% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDTshort | +0.0070% | 4h | 1.5170 | −0.020% | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5183 | +0.063% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5192 | +0.125% | $3.5M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5168 | −0.033% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5180 | +0.046% | $701K | $126K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5180 | +0.046% | $683K | $617K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5186 | +0.086% | $3K | $130K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0118% | 4h | 1.5180 | +0.046% | $227K | $60K | 50x | as long as short |
| KuCoin ORCAUSDTM | +0.0214% | 4h | 1.5217 | +0.290% | $590K | $205K | 30x | 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-USDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDTlong | +0.0255% | 4h | 1.5173 | long leg | $2.1M | $1.5M | 25x | |
| Variational Omni ORCA | +0.0434% | 4h | 1.5172 | −0.009% | $29K | $10K | — | as long as short |
Variational Omni ORCA