Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: MEXC against Extended+0.001%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$980.977% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.001%, 7d avg +0.005%
=Together, before fees+0.039%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORCA-USD | 1.5140 | 0.0104 | pay 0.0013% / 1h | 16m 24s | $2K | $128K | 5x |
| Short | MEXC ORCA_USDT | 1.5140 | 0.0100 | get 0.0050% / 4h | 16m 24s | $703K | $124K | 20x |
Extended ORCA-USD
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Extended. 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
- −$0.84
- Price spread: +0.001% → +0.005%
- −$0.46
- Slippage, 4 orders
- −$88.71
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$99.01
- Costs to cover
- 0.977%
- Break-even
- never at this rate
Slippage from Extended: live order book, 39 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 Extended live order book, 39 min ago | 6.51 bp | 35.5 bp −$36 | 241.6 bp −$2,416 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 34 min ago | 3.32 bp | 15.0 bp −$15 | 41.0 bp −$410 | 386.5 bp −$38.7K | 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 | −0.0511% | 1h | 1.5170 | +0.200% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5140 | +0.001% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0076% | 4h | 1.5160 | +0.133% | $227K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5151 | +0.071% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5144 | +0.028% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDT | +0.0100% | 4h | 1.5139 | −0.006% | $2.1M | $1.5M | 25x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5154 | +0.093% | $128K | $38K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5140 | +0.001% | $703K | $124K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5140 | +0.001% | $671K | $641K | 25x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.5140 | long leg | $2K | $128K | 5x |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Bybit ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0152% | 4h | 1.5175 | +0.232% | $585K | $199K | 30x | as long as short |
| Variational Omni ORCA | +0.0287% | 4h | 1.5120 | −0.134% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA