Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.311%
Price spread now: MEXC against Bybit−0.027%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days−0.378%−$38 on $10k
+Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.027%, 7d avg −0.034%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCAUSDT | 1.4914 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $2.0M | $1.5M | 25x |
| Short | MEXC ORCA_USDT | 1.4910 | 0.0100 | get 0.0050% / 4h | 1h 50m | $689K | $113K | 20x |
Bybit ORCAUSDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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: −0.027% → −0.034%
- $0.72
- Slippage, 4 orders
- −$52.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$66.33
- Costs to cover
- 0.671%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 56 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 Bybit live order book, 4 min ago | 3.01 bp | 27.0 bp −$27 | 91.0 bp −$910 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 56 min ago | 3.34 bp | 11.5 bp −$12 | 36.2 bp −$362 | 328.8 bp −$32.9K | 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 | −0.0475% | 1h | 1.4916 | +0.015% | $9K | $8K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4920 | +0.040% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4934 | +0.137% | $47K | $16K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4920 | +0.040% | $3.4M | $5.1M | 50x | as long as short |
| Bybit ORCAUSDTlong | +0.0100% | 4h | 1.4914 | long leg | $2.0M | $1.5M | 25x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4947 | +0.221% | $145K | $51K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.4910 | −0.027% | $689K | $113K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4920 | +0.040% | $671K | $639K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4915 | +0.005% | $2K | $207K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0107% | 4h | 1.4920 | +0.040% | $221K | $55K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0392% | 4h | 1.4947 | +0.219% | $30K | $14K | — | as long as short |
| KuCoin ORCAUSDTM | +0.0424% | 4h | 1.4941 | +0.181% | $539K | $201K | 30x | as long as short |
Variational Omni ORCA
KuCoin ORCAUSDTM