Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.044%
Price spread now: MEXC against BloFin−0.133%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$670.667% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.133%, 7d avg −0.046%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.087% cheaper against BloFin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.5010 | 0.0102 | pay 0.0051% / 4h | 2h 06m | $222K | $61K | 50x |
| Short | MEXC ORCA_USDT | 1.4990 | 0.0100 | get 0.0050% / 4h | 2h 06m | $693K | $125K | 20x |
BloFin ORCA-USDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$0.42
- Price spread: −0.133% → −0.046%
- −$8.71
- Slippage, 4 orders
- −$50.71
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$75.84
- Costs to cover
- 0.667%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; MEXC: live order book, 34 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 BloFin live order book, 9 min ago | 6.70 bp | 19.1 bp −$19 | 47.7 bp −$477 | 531.5 bp −$53.1K | doesn't fit |
| Sell MEXC live order book, 34 min ago | 3.36 bp | 16.1 bp −$16 | 35.7 bp −$357 | 271.6 bp −$27.2K | 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 | −0.0006% | 1h | 1.5016 | +0.042% | $9K | $10K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5000 | −0.067% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4999 | −0.073% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4999 | −0.073% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4996 | −0.093% | $125K | $37K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.4990 | −0.133% | $693K | $125K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5016 | +0.040% | $585K | $202K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4990 | −0.133% | $661K | $676K | 25x | as long as short |
| BloFin ORCA-USDTlong | +0.0102% | 4h | 1.5010 | long leg | $222K | $61K | 50x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.4995 | −0.100% | $3K | $105K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0540% | 4h | 1.4975 | −0.234% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0878% | 4h | 1.4991 | −0.127% | $2.0M | $1.5M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT