Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%
Price spread now: MEXC against KuCoin−0.211%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$409as in the Funding arb table
Net, price: spread back to 7d avg − costs−$410as in the Price arb table
costs, in and out, $10k−$4003.999% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.211%, 7d avg −0.105%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.106% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.105%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5152 | 0.0100 | pay 0.0050% / 4h | 3h 36m | $583K | $207K | 30x |
| Short | MEXC ORCA_USDT | 1.5120 | 0.0100 | get 0.0050% / 4h | 3h 36m | $696K | $139K | 20x |
KuCoin ORCAUSDTM
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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: −0.211% → −0.105%
- −$10.59
- Slippage, 4 orders
- −$383.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$410.48
- Costs to cover
- 3.999%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 16 min ago; MEXC: live order book, 29 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 KuCoin live order book, 16 min ago | 9.91 bp | 261.6 bp −$262 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 29 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 | 1.5124 | −0.184% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5120 | −0.211% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5113 | −0.255% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5130 | −0.146% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5116 | −0.238% | $125K | $46K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5120 | −0.211% | $696K | $139K | 20x | |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.5152 | long leg | $583K | $207K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5110 | −0.277% | $687K | $571K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5116 | −0.235% | $3K | $157K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0117% | 4h | 1.5120 | −0.211% | $228K | $59K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
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 | +0.0942% | 4h | 1.5094 | −0.383% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1176% | 4h | 1.5101 | −0.339% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA