Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.210%
Price spread now: BingX against BloFin−0.200%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$910.907% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.200%, 7d avg +0.007%
=Funding pays, the price is against you. BingX is 0.206% cheaper against BloFin than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of +0.007%). If the spread goes back, that is −$21 on $10k: about 54 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.161% in total) that is about 9.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.5030 | 0.0057 | pay 0.0029% / 4h | 1h 04m | $223K | $61K | 50x |
| Short | BingX ORCA-USDT | 1.5000 | 0.0070 | get 0.0035% / 4h | 1h 04m | — | $6.6M | — |
BloFin ORCA-USDT
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $2.66
- Price spread: −0.200% → +0.007%
- −$20.64
- Slippage, 4 orders
- −$68.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$108.7
- Costs to cover
- 0.907%
- Break-even
- 293.4 days
Slippage from BloFin: live order book, 6 min ago; BingX: live order book, 2 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 BloFin live order book, 6 min ago | 9.99 bp | 16.0 bp −$16 | 42.5 bp −$425 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 9.99 bp | 23.2 bp −$23 | 62.6 bp −$626 | 690.4 bp −$69.0K | 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 | −0.076% | $9K | $8K | 10x | as long as short |
| BloFin ORCA-USDTlong | +0.0057% | 4h | 1.5030 | long leg | $223K | $61K | 50x | |
| BingX ORCA-USDTshort | +0.0070% | 4h | 1.5000 | −0.200% | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5020 | −0.068% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5012 | −0.122% | $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_USDT | +0.0100% | 4h | 1.5000 | −0.200% | $695K | $125K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5028 | −0.013% | $565K | $201K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5010 | −0.133% | $674K | $670K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5007 | −0.150% | $4K | $91K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC 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 | −0.190% | $29K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.1478% | 4h | 1.4983 | −0.313% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT