Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against MEXC−0.045%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$950.953% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.045%, 7d avg −0.005%
=Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.040% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.005%.
| 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 | 50m 36s | $696K | $122K | 20x |
| Short | Extended ORCA-USD | 1.5073 | 0.0104 | get 0.0013% / 1h | 50m 36s | $2K | $130K | 5x |
MEXC ORCA_USDT
Extended ORCA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.045% → −0.005%
- −$4
- Slippage, 4 orders
- −$86.31
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$98.48
- Costs to cover
- 0.953%
- Break-even
- 827.6 days
Slippage from MEXC: live order book, 65 min ago; Extended: live order book, 5 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, 65 min ago | 3.30 bp | 10.4 bp −$10 | 29.4 bp −$294 | 372.5 bp −$37.3K | doesn't fit |
| Sell Extended live order book, 5 min ago | 6.51 bp | 38.0 bp −$38 | 252.9 bp −$2,529 | 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 | −0.0514% | 1h | 1.5068 | −0.076% | $9K | $13K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0065% | 4h | 1.5070 | −0.066% | $228K | $59K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5070 | −0.066% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5110 | +0.196% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5072 | −0.051% | $3.4M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5065 | −0.099% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5118 | +0.252% | $127K | $37K | 25x | as long as short |
| MEXC ORCA_USDTlong | +0.0100% | 4h | 1.5080 | long leg | $696K | $122K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5070 | −0.066% | $670K | $635K | 25x | as long as short |
| Extended ORCA-USDshort | +0.0104% | 1h | 1.5073 | −0.045% | $2K | $130K | 5x |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0194% | 4h | 1.5102 | +0.146% | $582K | $199K | 30x | as long as short |
| Variational Omni ORCA | +0.0292% | 4h | 1.5057 | −0.150% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA