ORCA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCORCA_USDT	1.6880	+0.0100	pay 0.0050% / 4h	2h 51m	$502K	$170K	20x	Long MEXC
SHORT	PhoenixORCA	1.6885	−0.0047	pay 0.0006% / 1h	51m 35s	$54K	$15K	5x	Short Phoenix

Price gap+0.030%

Funding gap−0.0147% /8h

The gap pays +$3 on $10k if it goes back to zero (no 7-day history yet), but funding costs $4 a day and eats that in about 16 hours. At the last 7 days' pace that is about 3 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$148−0.0147% /8h now · paid −1.477% over the last 7D

Price—spread +0.030% now · no price history on both exchanges yet

Costsno datano order book for Phoenix

Result, before costs—no pointsneeds both price histories

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.030%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ORCA on 12 exchanges

lowest funding first

Before you open

0 ok · 3 to watch

Note: Order book unknown—
No order-book sample for Phoenix: its slippage is not counted.
Note: Margin at max leverage$500 + $2,000
MEXC 20x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$4.42Long MEXC: 6 payments, −$3.00; short Phoenix: 24 payments, −$1.42.
Note: No 7-day spread history+0.030%
The gap cannot be compared with its average yet.
Watch: Short leg is thinner$54K vs $502K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · Phoenix No
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0703%/8h × 21 periods−$147.73

Price spread+0.030% → 0+$2.96

Slippage, 4 ordersno data for Phoenix—

Fee MEXC bp × 2 orders−$4.00

Fee Phoenix bp × 2 orders−$7.00

Net, fees only · 7 days · $10k−$155.77

Costs to cover0.110%Break-evennever at this rate

Slippage: MEXC: live order book, 53 min ago; Phoenix: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC2.958.9 bp−$927.2 bp−$272166.1 bp−$16.6Kdoesn’t fit

SELL · SHORTPhoenix—————

Closing costs about the same again.
Phoenix: no data.

ORCA news

posts that mention ORCA, from every exchangeSearch all news →

10-14 10:00	HTX	Other	Earn up to 30% APY on Flexible Earn! ORCA, TAO, 4STOCK, MONAD & LIT Limited-time subsidies. Don’t miss out! @HTX_Global on X ↗
10-13 18:55	Phoenix	Listing	Now live on Phoenix: $TLT - 20x leverage $IBM - 10x leverage $TXN - 5x leverage $ORCA - 5x leverage @PhoenixTrade on X ↗
10-13 17:00	Phoenix	Listing	new market ORCA ($ORCA) seen by our collector