Funding you earn now, next payment 04:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.39 per $10,000 · paid last 24h −0.027%
Price spread now: MEXC against KuCoin−0.119%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$493as in the Funding arb table
Net, price: spread back to 7d avg − costs−$485as in the Price arb table
costs, in and out, $10k−$4844.842% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.119%, 7d avg −0.106%
=The price spread sits at its 7-day average of −0.106%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCAUSDTM | 1.5148 | 0.0178 | pay 0.0089% / 4h | 1h 02m | $585K | $205K | 30x |
| Short | MEXC ORCA_USDT | 1.5130 | 0.0100 | get 0.0050% / 4h | 1h 02m | $699K | $127K | 20x |
KuCoin ORCAUSDTM
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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
- −$16.38
- Price spread: −0.119% → −0.106%
- −$1.27
- Slippage, 4 orders
- −$468.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$501.81
- Costs to cover
- 4.842%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 21 min ago; MEXC: live order book, 53 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 KuCoin live order book, 21 min ago | 9.21 bp | 289.1 bp −$289 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 53 min ago | 3.30 bp | 11.4 bp −$11 | 37.3 bp −$373 | 381.3 bp −$38.1K | 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 | −0.0258% | 1h | 1.5139 | −0.060% | $9K | $13K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0045% | 4h | 1.5100 | −0.317% | $227K | $59K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5120 | −0.185% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5146 | −0.010% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5130 | −0.119% | $3.4M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5142 | −0.040% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5130 | −0.119% | $699K | $127K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5120 | −0.185% | $673K | $638K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5126 | −0.144% | $2K | $130K | 5x | as long as short |
| Bybit ORCAUSDT | +0.0149% | 4h | 1.5124 | −0.158% | $2.0M | $1.5M | 25x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
Bybit ORCAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTMlong | +0.0178% | 4h | 1.5148 | long leg | $585K | $205K | 30x | |
| Variational Omni ORCA | +0.0435% | 4h | 1.5134 | −0.095% | $29K | $10K | — | as long as short |
Variational Omni ORCA