Funding you earn now, next payment 22:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.167%
Price spread now: BingX against Extended−0.053%7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1051.048% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.053%, 7d avg +0.068%
=Together, before fees+0.382%+ Points / potential airdropExtended: Active · farm board+$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.121% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.068%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.192%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.5128 | 0.0104 | pay 0.0013% / 1h | 58m 25s | $3K | $155K | 5x |
| Short | BingX ORCA-USDT | 1.5120 | 0.0070 | get 0.0035% / 4h | 2h 58m | — | $6.6M | — |
Extended ORCA-USD
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Extended. 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
- −$7.14
- Price spread: −0.053% → +0.068%
- −$12.1
- Slippage, 4 orders
- −$89.81
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$124.05
- Costs to cover
- 1.048%
- Break-even
- never at this rate
Slippage from Extended: live order book, 27 min ago; BingX: 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 Extended live order book, 27 min ago | 6.76 bp | 37.3 bp −$37 | 265.6 bp −$2,656 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 6.60 bp | 14.0 bp −$14 | 54.8 bp −$548 | 631.0 bp −$63.1K | 1278.8 bp −$639.4K |
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 | −0.0788% | 1h | 1.5144 | +0.108% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDTshort | +0.0070% | 4h | 1.5120 | −0.053% | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5145 | +0.110% | $44K | $45K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.013% | $3.5M | $5.3M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5144 | +0.105% | $125K | $44K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5130 | +0.013% | $695K | $145K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5158 | +0.198% | $581K | $203K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5120 | −0.053% | $716K | $514K | 25x | as long as short |
| BloFin ORCA-USDT | +0.0100% | 4h | 1.5120 | −0.053% | $235K | $58K | 50x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5128 | long leg | $3K | $155K | 5x |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1944% | 4h | 1.5128 | +0.001% | $29K | $11K | — | as long as short |
| Bybit ORCAUSDT | +0.2187% | 4h | 1.5093 | −0.232% | $2.1M | $1.3M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT