Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.167%
Price spread now: Bitget against BingX+0.066%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1011.009% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.066%, 7d avg −0.038%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.104% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.038%. Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORCA-USDT | 1.5110 | 0.0070 | pay 0.0035% / 4h | 1h 40m | — | $6.6M | — |
| Short | Bitget ORCAUSDT | 1.5120 | 0.0100 | get 0.0050% / 4h | 1h 40m | $680K | $611K | 25x |
BingX ORCA-USDT
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- $6.3
- Price spread: +0.066% → −0.038%
- $10.38
- Slippage, 4 orders
- −$78.86
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$84.18
- Costs to cover
- 1.009%
- Break-even
- 100.5 days
Slippage from BingX: live order book, 11 min ago; Bitget: live order book, 20 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 BingX live order book, 11 min ago | 9.91 bp | 21.4 bp −$21 | 68.4 bp −$684 | 661.1 bp −$66.1K | 1195.1 bp −$597.5K |
| Sell Bitget live order book, 20 min ago | 9.92 bp | 30.3 bp −$30 | 84.2 bp −$842 | 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 | −0.0259% | 1h | 1.5116 | +0.039% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5110 | long leg | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5134 | +0.158% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5123 | +0.088% | $3.4M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5131 | +0.139% | $127K | $40K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5120 | +0.066% | $700K | $124K | 20x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5120 | +0.066% | $680K | $611K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5119 | +0.061% | $3K | $130K | 5x | as long as short |
| Bybit ORCAUSDT | +0.0109% | 4h | 1.5110 | 0.000% | $2.1M | $1.5M | 25x | as long as short |
| BloFin ORCA-USDT | +0.0151% | 4h | 1.5140 | +0.199% | $227K | $59K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Extended ORCA-USD
Bybit ORCAUSDT
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0224% | 4h | 1.5156 | +0.304% | $581K | $203K | 30x | as long as short |
| Variational Omni ORCA | +0.0448% | 4h | 1.5109 | −0.010% | $29K | $11K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA