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: Bybit against MEXC+0.060%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$690.693% of the position
Funding, last 7 days+0.378%+$38 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.060%, 7d avg +0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.026% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ORCA_USDT | 1.4940 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $690K | $113K | 20x |
| Short | Bybit ORCAUSDT | 1.4949 | 0.0100 | get 0.0050% / 4h | 1h 55m | $2.0M | $1.5M | 25x |
MEXC ORCA_USDT
Bybit ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.060% → +0.034%
- $2.58
- Slippage, 4 orders
- −$54.26
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$66.68
- Costs to cover
- 0.693%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 51 min ago; Bybit: live order book, 4 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, 51 min ago | 3.34 bp | 12.5 bp −$13 | 37.8 bp −$378 | 369.2 bp −$36.9K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.34 bp | 22.9 bp −$23 | 135.4 bp −$1,354 | doesn't fit | 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 | −0.0474% | 1h | 1.4954 | +0.091% | $9K | $8K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4970 | +0.201% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4970 | +0.201% | $47K | $16K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4945 | +0.033% | $3.4M | $5.1M | 50x | as long as short |
| Bybit ORCAUSDTshort | +0.0100% | 4h | 1.4949 | +0.060% | $2.0M | $1.5M | 25x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4978 | +0.254% | $146K | $50K | 25x | as long as short |
| MEXC ORCA_USDTlong | +0.0100% | 4h | 1.4940 | long leg | $690K | $113K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4960 | +0.134% | $675K | $638K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4940 | +0.002% | $2K | $207K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0143% | 4h | 1.4970 | +0.201% | $222K | $56K | 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 | +0.045% | $30K | $14K | — | as long as short |
| KuCoin ORCAUSDTM | +0.0450% | 4h | 1.4991 | +0.341% | $541K | $202K | 30x | as long as short |
Variational Omni ORCA
KuCoin ORCAUSDTM