Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.142%
Price spread now: KuCoin against BingX+0.294%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$439as in the Funding arb table
Net, price: spread back to 7d avg − costs−$404as in the Price arb table
costs, in and out, $10k−$4294.292% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.294%, 7d avg +0.040%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.254% dearer against BingX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.094%, 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 | 1.4980 | 0.0070 | pay 0.0035% / 4h | 1h 59m | — | $6.6M | — |
| Short | KuCoin ORCAUSDTM | 1.5024 | 0.0100 | get 0.0050% / 4h | 1h 59m | $574K | $204K | 30x |
BingX ORCA-USDT
KuCoin ORCAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.294% → +0.040%
- $25.42
- Slippage, 4 orders
- −$407.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$397.44
- Costs to cover
- 4.292%
- Break-even
- 448.6 days
Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 13 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, 8 min ago | 6.66 bp | 18.8 bp −$19 | 56.4 bp −$564 | 629.0 bp −$62.9K | 1232.8 bp −$616.4K |
| Sell KuCoin live order book, 13 min ago | 9.29 bp | 115.1 bp −$115 | doesn't fit | 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 | −0.0178% | 1h | 1.5000 | +0.136% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.4980 | long leg | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5006 | +0.173% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5006 | +0.172% | $3.5M | $5.3M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5001 | +0.140% | $126K | $45K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.5000 | +0.134% | $681K | $140K | 20x | as long as short |
| KuCoin ORCAUSDTMshort | +0.0100% | 4h | 1.5024 | +0.294% | $574K | $204K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5010 | +0.200% | $702K | $506K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5004 | +0.158% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0126% | 4h | 1.5010 | +0.200% | $232K | $57K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1896% | 4h | 1.4974 | −0.040% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.2020% | 4h | 1.4982 | +0.016% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA