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 Binance−0.067%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$650.647% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.067%, 7d avg −0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.044% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCAUSDT | 1.5020 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $3.5M | $5.3M | 50x |
| Short | MEXC ORCA_USDT | 1.5010 | 0.0100 | get 0.0050% / 4h | 2h 04m | $689K | $148K | 20x |
Binance ORCAUSDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. 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: −0.067% → −0.023%
- −$4.4
- Slippage, 4 orders
- −$50.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$69.06
- Costs to cover
- 0.647%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; MEXC: live order book, 11 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 Binance live order book, 4 min ago | 3.33 bp | 16.9 bp −$17 | 66.3 bp −$663 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 11 min ago | 3.32 bp | 10.9 bp −$11 | 37.2 bp −$372 | 354.0 bp −$35.4K | 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 | −0.0794% | 1h | 1.5018 | −0.017% | $9K | $15K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0064% | 4h | 1.5030 | +0.067% | $232K | $57K | 50x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5010 | −0.067% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5035 | +0.101% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDTlong | +0.0100% | 4h | 1.5020 | long leg | $3.5M | $5.3M | 50x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5041 | +0.140% | $126K | $47K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5010 | −0.067% | $689K | $148K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5052 | +0.213% | $575K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5020 | 0.000% | $702K | $506K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5018 | −0.012% | $3K | $155K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
BingX ORCA-USDT
Aster ORCAUSDT
Gate ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.2066% | 4h | 1.4987 | −0.218% | $28K | $12K | — | as long as short |
| Bybit ORCAUSDT | +0.2080% | 4h | 1.4977 | −0.286% | $2.1M | $1.3M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT