Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Gate−0.199%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$980.977% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.199%, 7d avg −0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.188% cheaper against Gate than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCA_USDT | 1.5080 | 0.0100 | pay 0.0050% / 4h | 23m 49s | $126K | $46K | 25x |
| Short | MEXC ORCA_USDT | 1.5050 | 0.0100 | get 0.0050% / 4h | 23m 49s | $701K | $140K | 20x |
Gate ORCA_USDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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: −0.199% → −0.011%
- −$18.84
- Slippage, 4 orders
- −$78.73
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$116.57
- Costs to cover
- 0.977%
- Break-even
- never at this rate
Slippage from Gate: live order book, 46 min ago; MEXC: live order book, 46 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 Gate live order book, 46 min ago | 9.30 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 46 min ago | 3.32 bp | 10.0 bp −$10 | 32.0 bp −$320 | 242.5 bp −$24.3K | 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 | −0.0443% | 1h | 1.5047 | −0.222% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5030 | −0.332% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5047 | −0.218% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5059 | −0.140% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDTlong | +0.0100% | 4h | 1.5080 | long leg | $126K | $46K | 25x | |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5050 | −0.199% | $701K | $140K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5079 | −0.007% | $579K | $207K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5050 | −0.199% | $696K | $557K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5056 | −0.160% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0105% | 4h | 1.5060 | −0.133% | $229K | $59K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1123% | 4h | 1.5008 | −0.477% | $2.1M | $1.4M | 25x | as long as short |
| Variational Omni ORCA | +0.1415% | 4h | 1.5042 | −0.250% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA