Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.165%
Price spread now: MEXC against BingX0.000%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$760.756% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now 0.000%, 7d avg −0.054%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.054% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.169%, 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 | 1.5000 | 0.0070 | pay 0.0035% / 4h | 1h 05m | — | $6.6M | — |
| Short | MEXC ORCA_USDT | 1.5000 | 0.0100 | get 0.0050% / 4h | 1h 05m | $695K | $125K | 20x |
BingX ORCA-USDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: 0.000% → −0.054%
- $5.43
- Slippage, 4 orders
- −$61.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$63.88
- Costs to cover
- 0.756%
- Break-even
- 78.0 days
Slippage from BingX: live order book, 2 min ago; MEXC: live order book, 30 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, 2 min ago | 9.99 bp | 27.4 bp −$27 | 79.8 bp −$798 | 708.9 bp −$70.9K | 1219.2 bp −$609.6K |
| Sell MEXC live order book, 30 min ago | 3.35 bp | 12.2 bp −$12 | 38.9 bp −$389 | 312.0 bp −$31.2K | 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 | −0.0183% | 1h | 1.5019 | +0.124% | $9K | $8K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0057% | 4h | 1.5030 | +0.200% | $223K | $61K | 50x | as long as short |
| BingX ORCA-USDTlong | +0.0070% | 4h | 1.5000 | long leg | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5020 | +0.132% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5012 | +0.078% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5015 | +0.100% | $125K | $36K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5000 | 0.000% | $695K | $125K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5028 | +0.187% | $565K | $201K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5010 | +0.067% | $674K | $670K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5007 | +0.050% | $4K | $91K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDT
Aster ORCAUSDT
Binance 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 | +0.1246% | 4h | 1.5001 | +0.009% | $29K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.1478% | 4h | 1.4983 | −0.113% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT