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: BingX against Bitget+0.067%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$950.945% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.067%, 7d avg +0.037%
=The price spread pays, funding is against you. BingX is 0.030% dearer against Bitget than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.037%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.139%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORCAUSDT | 1.4950 | 0.0100 | pay 0.0050% / 4h | 41m 15s | $670K | $671K | 25x |
| Short | BingX ORCA-USDT | 1.4960 | 0.0070 | get 0.0035% / 4h | 41m 15s | — | $6.6M | — |
Bitget ORCAUSDT
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: +0.067% → +0.037%
- $2.99
- Slippage, 4 orders
- −$72.52
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$97.83
- Costs to cover
- 0.945%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 59 min ago; BingX: 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 Bitget live order book, 59 min ago | 6.70 bp | 22.5 bp −$23 | 86.7 bp −$867 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 6.68 bp | 19.4 bp −$19 | 60.4 bp −$604 | 519.2 bp −$51.9K | 1235.1 bp −$617.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ORCA-USDTshort | +0.0070% | 4h | 1.4960 | +0.067% | — | $6.6M | — | |
| BloFin ORCA-USDT | +0.0098% | 4h | 1.4970 | +0.134% | $223K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4959 | +0.059% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4960 | +0.067% | $3.4M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4965 | +0.100% | $125K | $35K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4950 | 0.000% | $689K | $123K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4961 | +0.074% | $562K | $201K | 30x | as long as short |
| Bitget ORCAUSDTlong | +0.0100% | 4h | 1.4950 | long leg | $670K | $671K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.4956 | +0.040% | $6K | $212K | 5x | as long as short |
| Kraken Futures PF_ORCAUSD | +0.0111% | 1h | 1.4940 | −0.069% | $9K | $8K | 10x | as long as short |
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Extended ORCA-USD
Kraken Futures PF_ORCAUSDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1165% | 4h | 1.4986 | +0.238% | $29K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.1177% | 4h | 1.4931 | −0.127% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT