Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.074%
Price spread now: BloFin against MEXC0.000%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 3 days (all we have)+0.137%+$14 · spread now 0.000%, 7d avg +0.058%
=Funding pays, the price is against you. BloFin is 0.058% cheaper against MEXC than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.058%). If the spread goes back, that is −$6 on $10k: about 15 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.010% in total) that is about 39 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ORCA_USDT | 1.5080 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $691K | $147K | 20x |
| Short | BloFin ORCA-USDT | 1.5080 | 0.0113 | get 0.0057% / 4h | 2h 28m | $233K | $58K | 50x |
MEXC ORCA_USDT
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $2.82
- Price spread: 0.000% → +0.058%
- −$5.83
- Slippage, 4 orders
- −$42.84
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$61.86
- Costs to cover
- 0.588%
- Break-even
- 160.8 days
Slippage from MEXC: live order book, 55 min ago; BloFin: live order book, 54 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, 55 min ago | 3.31 bp | 10.7 bp −$11 | 31.5 bp −$315 | 312.8 bp −$31.3K | doesn't fit |
| Sell BloFin live order book, 54 min ago | 6.62 bp | 24.9 bp −$25 | 50.1 bp −$501 | doesn't fit | 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 | −0.0790% | 1h | 1.5094 | +0.093% | $9K | $15K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5080 | 0.000% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5092 | +0.078% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5090 | +0.066% | $3.5M | $5.3M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5080 | 0.000% | $126K | $46K | 25x | as long as short |
| MEXC ORCA_USDTlong | +0.0100% | 4h | 1.5080 | long leg | $691K | $147K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5101 | +0.139% | $577K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5080 | 0.000% | $707K | $507K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5088 | +0.055% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDTshort | +0.0113% | 4h | 1.5080 | 0.000% | $233K | $58K | 50x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1892% | 4h | 1.5069 | −0.073% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1945% | 4h | 1.5068 | −0.077% | $29K | $11K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA