Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.033%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$620.624% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.033%, 7d avg −0.023%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.4905 | 0.0100 | pay 0.0050% / 4h | 3h 24m | $3.4M | $5.4M | 50x |
| Short | MEXC ORCA_USDT | 1.4900 | 0.0100 | get 0.0050% / 4h | 3h 24m | $687K | $122K | 20x |
Binance ORCAUSDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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: −0.033% → −0.023%
- −$1
- Slippage, 4 orders
- −$48.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$63.44
- Costs to cover
- 0.624%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; MEXC: live order book, 65 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 Binance live order book, 13 min ago | 3.35 bp | 20.3 bp −$20 | 99.6 bp −$996 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 65 min ago | 3.36 bp | 8.4 bp −$8 | 30.8 bp −$308 | 255.5 bp −$25.5K | 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 | −0.0602% | 1h | 1.4895 | −0.067% | $9K | $8K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0069% | 4h | 1.4880 | −0.167% | $222K | $58K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4890 | −0.100% | — | $6.6M | — | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.4905 | long leg | $3.4M | $5.4M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4893 | −0.080% | $124K | $36K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.4900 | −0.033% | $687K | $122K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4900 | −0.033% | $663K | $673K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4901 | −0.026% | $4K | $209K | 5x | as long as short |
| Aster ORCAUSDT | +0.0126% | 4h | 1.4902 | −0.018% | $44K | $34K | 5x | as long as short |
| KuCoin ORCAUSDTM | +0.0178% | 4h | 1.4912 | +0.048% | $544K | $201K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Gate ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
Aster ORCAUSDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0905% | 4h | 1.4884 | −0.140% | $2.0M | $1.6M | 25x | as long as short |
| Variational Omni ORCA | +0.1010% | 4h | 1.4863 | −0.284% | $32K | $13K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA