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 Bitget0.000%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$750.747% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now 0.000%, 7d avg −0.016%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORCAUSDT | 1.4810 | 0.0100 | pay 0.0050% / 4h | 1h 28m | $648K | $639K | 25x |
| Short | MEXC ORCA_USDT | 1.4810 | 0.0100 | get 0.0050% / 4h | 1h 28m | $680K | $114K | 20x |
Bitget ORCAUSDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. 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: 0.000% → −0.016%
- $1.65
- Slippage, 4 orders
- −$58.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$73.03
- Costs to cover
- 0.747%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 15 min ago; MEXC: live order book, 10 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 Bitget live order book, 15 min ago | 6.71 bp | 23.8 bp −$24 | 90.5 bp −$905 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 10 min ago | 3.36 bp | 15.8 bp −$16 | 41.8 bp −$418 | 366.0 bp −$36.6K | doesn't fit |
ORCA on 12 exchanges
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 | −0.0478% | 1h | 1.4822 | +0.082% | $9K | $7K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4810 | 0.000% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0086% | 4h | 1.4810 | 0.000% | $221K | $57K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4821 | +0.072% | $46K | $16K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4815 | +0.034% | $3.4M | $5.1M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.4810 | 0.000% | $2.0M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4827 | +0.115% | $143K | $52K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.4810 | 0.000% | $680K | $114K | 20x | |
| Bitget ORCAUSDTlong | +0.0100% | 4h | 1.4810 | long leg | $648K | $639K | 25x | |
| Variational Omni ORCA | +0.0100% | 4h | 1.4800 | −0.071% | $30K | $14K | — | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
Variational Omni ORCAShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ORCA-USD | +0.0104% | 1h | 1.4811 | +0.004% | $3K | $207K | 5x | as long as short |
| KuCoin ORCAUSDTM | +0.0288% | 4h | 1.4831 | +0.142% | $535K | $202K | 30x | as long as short |
Extended ORCA-USD
KuCoin ORCAUSDTM