Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC0.000%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now 0.000%, 7d avg +0.021%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ORCA_USDT | 1.5190 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $701K | $127K | 20x |
| Short | Binance ORCAUSDT | 1.5190 | 0.0100 | get 0.0050% / 4h | 1h 07m | $3.5M | $5.5M | 50x |
MEXC ORCA_USDT
Binance ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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: 0.000% → +0.021%
- −$2.08
- Slippage, 4 orders
- −$44.12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$60.2
- Costs to cover
- 0.581%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 48 min ago; Binance: live order book, 15 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 MEXC live order book, 48 min ago | 3.30 bp | 10.4 bp −$10 | 29.4 bp −$294 | 372.5 bp −$37.3K | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.29 bp | 17.3 bp −$17 | 73.3 bp −$733 | doesn't fit | 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 | −0.0257% | 1h | 1.5202 | +0.082% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5190 | 0.000% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5218 | +0.183% | $45K | $39K | 5x | as long as short |
| Binance ORCAUSDTshort | +0.0100% | 4h | 1.5190 | 0.000% | $3.5M | $5.5M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5216 | +0.171% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDTlong | +0.0100% | 4h | 1.5190 | long leg | $701K | $127K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5180 | −0.066% | $676K | $635K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5196 | +0.039% | $2K | $130K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0157% | 4h | 1.5190 | 0.000% | $229K | $60K | 50x | as long as short |
| KuCoin ORCAUSDTM | +0.0194% | 4h | 1.5212 | +0.145% | $588K | $206K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDT
KuCoin ORCAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0217% | 4h | 1.5180 | −0.066% | $2.1M | $1.5M | 25x | as long as short |
| Variational Omni ORCA | +0.0462% | 4h | 1.5203 | +0.086% | $29K | $10K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA