Funding you earn now, next payment 12:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.134%
Price spread now: MEXC against BingX−0.134%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$710.705% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.134%, 7d avg −0.052%
=Funding pays, the price is against you. MEXC is 0.082% cheaper against BingX than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.052%). If the spread goes back, that is −$8 on $10k: about 9.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.168%, 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 | 1.4870 | 0.0070 | pay 0.0035% / 4h | 3h 32m | — | $6.6M | — |
| Short | MEXC ORCA_USDT | 1.4850 | 0.0100 | get 0.0050% / 4h | 3h 32m | $684K | $122K | 20x |
BingX ORCA-USDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.134% → −0.052%
- −$8.21
- Slippage, 4 orders
- −$56.52
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$72.43
- Costs to cover
- 0.705%
- Break-even
- 87.5 days
Slippage from BingX: live order book, 5 min ago; MEXC: live order book, 58 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 | 6.72 bp | 21.8 bp −$22 | 75.4 bp −$754 | 684.7 bp −$68.5K | 1218.1 bp −$609.0K |
| Sell MEXC live order book, 58 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 | −0.0605% | 1h | 1.4840 | −0.201% | $9K | $8K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.4870 | long leg | — | $6.6M | — | |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4853 | −0.114% | $3.4M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4881 | +0.074% | $124K | $36K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.4850 | −0.134% | $684K | $122K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4860 | −0.067% | $665K | $671K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4856 | −0.096% | $1K | $206K | 5x | as long as short |
| Aster ORCAUSDT | +0.0149% | 4h | 1.4876 | +0.037% | $44K | $34K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0151% | 4h | 1.4870 | 0.000% | $223K | $58K | 50x | as long as short |
| KuCoin ORCAUSDTM | +0.0194% | 4h | 1.4874 | +0.027% | $543K | $202K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
Binance ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
Aster ORCAUSDT
BloFin ORCA-USDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0820% | 4h | 1.4836 | −0.229% | $2.0M | $1.6M | 25x | as long as short |
| Variational Omni ORCA | +0.1041% | 4h | 1.4875 | +0.034% | $32K | $13K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA