Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.134%
Price spread now: BingX against MEXC0.000%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$680.682% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now 0.000%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.052% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.168%, 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 | MEXC ORCA_USDT | 1.4940 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $687K | $121K | 20x |
| Short | BingX ORCA-USDT | 1.4940 | 0.0070 | get 0.0035% / 4h | 3h 39m | — | $6.6M | — |
MEXC ORCA_USDT
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- −$6.3
- Price spread: 0.000% → +0.052%
- −$5.23
- Slippage, 4 orders
- −$54.16
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$79.7
- Costs to cover
- 0.682%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 51 min ago; BingX: live order book, 13 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 MEXC live order book, 51 min ago | 3.36 bp | 15.8 bp −$16 | 45.2 bp −$452 | 413.1 bp −$41.3K | doesn't fit |
| Sell BingX live order book, 13 min ago | 6.69 bp | 19.5 bp −$20 | 65.4 bp −$654 | 559.1 bp −$55.9K | 1265.3 bp −$632.6K |
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 | −0.0603% | 1h | 1.4893 | −0.313% | $9K | $8K | 10x | as long as short |
| BingX ORCA-USDTshort | +0.0070% | 4h | 1.4940 | 0.000% | — | $6.6M | — | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4913 | −0.184% | $3.4M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4955 | +0.100% | $124K | $35K | 25x | as long as short |
| MEXC ORCA_USDTlong | +0.0100% | 4h | 1.4940 | long leg | $687K | $121K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4910 | −0.201% | $667K | $669K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4909 | −0.211% | $1K | $206K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0112% | 4h | 1.4930 | −0.067% | $222K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0131% | 4h | 1.4940 | +0.002% | $44K | $33K | 5x | as long as short |
| KuCoin ORCAUSDTM | +0.0188% | 4h | 1.4979 | +0.261% | $547K | $202K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
Binance ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDT
Aster ORCAUSDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0967% | 4h | 1.4886 | −0.361% | $2.0M | $1.6M | 25x | as long as short |
| Variational Omni ORCA | +0.1054% | 4h | 1.4949 | +0.057% | $32K | $13K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA