Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Gate+0.040%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1171.165% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.040%, 7d avg −0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.050% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCA_USDT | 1.5124 | 0.0100 | pay 0.0050% / 4h | 3h 41m | $125K | $46K | 25x |
| Short | MEXC ORCA_USDT | 1.5130 | 0.0100 | get 0.0050% / 4h | 3h 41m | $697K | $139K | 20x |
Gate ORCA_USDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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
- $0
- Price spread: +0.040% → −0.010%
- $5
- Slippage, 4 orders
- −$97.55
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$111.55
- Costs to cover
- 1.165%
- Break-even
- never at this rate
Slippage from Gate: live order book, 24 min ago; MEXC: live order book, 24 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 Gate live order book, 24 min ago | 13.90 bp | 53.8 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 24 min ago | 3.31 bp | 9.2 bp −$9 | 32.4 bp −$324 | 361.6 bp −$36.2K | 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 | −0.0411% | 1h | 1.5130 | +0.041% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5150 | +0.172% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5162 | +0.251% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.040% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.5124 | long leg | $125K | $46K | 25x | |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5130 | +0.040% | $697K | $139K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5149 | +0.165% | $583K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5150 | +0.172% | $689K | $571K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5127 | +0.017% | $3K | $157K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0113% | 4h | 1.5130 | +0.040% | $228K | $59K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1176% | 4h | 1.5101 | −0.154% | $28K | $12K | — | as long as short |
| Bybit ORCAUSDT | +0.1509% | 4h | 1.5128 | +0.026% | $2.1M | $1.4M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT