Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.167%
Price spread now: Binance against BingX+0.066%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$850.849% of the position
Funding, last 7 days−0.185%−$19 on $10k
+Price spread, last 7 days−0.053%−$5 · spread now +0.066%, 7d avg −0.031%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.097% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.185%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORCA-USDT | 1.5130 | 0.0070 | pay 0.0035% / 4h | 1h 31m | — | $6.6M | — |
| Short | Binance ORCAUSDT | 1.5140 | 0.0100 | get 0.0050% / 4h | 1h 31m | $3.4M | $5.4M | 50x |
BingX ORCA-USDT
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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: +0.066% → −0.031%
- $9.72
- Slippage, 4 orders
- −$64.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$68.92
- Costs to cover
- 0.849%
- Break-even
- 83.6 days
Slippage from BingX: live order book, 5 min ago; Binance: live order book, 6 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 BingX live order book, 5 min ago | 9.94 bp | 25.7 bp −$26 | 68.8 bp −$688 | 687.0 bp −$68.7K | 1225.0 bp −$612.5K |
| Sell Binance live order book, 6 min ago | 3.32 bp | 17.3 bp −$17 | 70.0 bp −$700 | 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 | −0.0258% | 1h | 1.5146 | +0.108% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5130 | long leg | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5149 | +0.123% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5140 | +0.066% | $3.4M | $5.4M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5143 | +0.086% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5130 | 0.000% | $699K | $125K | 20x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5140 | +0.066% | $681K | $612K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5136 | +0.038% | $3K | $130K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0160% | 4h | 1.5130 | 0.000% | $227K | $59K | 50x | as long as short |
| Bybit ORCAUSDT | +0.0189% | 4h | 1.5137 | +0.046% | $2.1M | $1.5M | 25x | as long as short |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDT
Bybit ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0196% | 4h | 1.5169 | +0.258% | $586K | $204K | 30x | as long as short |
| Variational Omni ORCA | +0.0444% | 4h | 1.5122 | −0.053% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA