Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h +0.074%
Price spread now: MEXC against BloFin+0.133%94s7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)−0.270%−$27 · spread now +0.133%, 7d avg −0.059%
=The price spread pays, funding is against you. MEXC is 0.192% dearer against BloFin than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.059%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.010% in total) that is about 4 months. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCA-USDT | 1.5060 | 0.0148 | pay 0.0074% / 4h | 1h 03m | $228K | $59K | 50x |
| Short | MEXC ORCA_USDT | 1.5080 | 0.0100 | get 0.0050% / 4h | 1h 03m | $703K | $147K | 20x |
BloFin ORCA-USDT
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$10.13
- Price spread: +0.133% → −0.059%
- $19.21
- Slippage, 4 orders
- −$34.24
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$41.15
- Costs to cover
- 0.502%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; MEXC: live order book, 7 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, 7 min ago | 3.32 bp | 11.6 bp −$12 | 36.1 bp −$361 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 7 min ago | 3.32 bp | 10.0 bp −$10 | 32.0 bp −$320 | 242.5 bp −$24.3K | 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 | −0.0177% | 1h | 1.5082 | +0.147% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5070 | +0.066% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5085 | +0.165% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5080 | +0.133% | $3.5M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5082 | +0.146% | $126K | $47K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5080 | +0.133% | $703K | $147K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5105 | +0.299% | $577K | $206K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5070 | +0.066% | $701K | $556K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5077 | +0.112% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDTlong | +0.0148% | 4h | 1.5060 | long leg | $228K | $59K | 50x |
Kraken Futures PF_ORCAUSD
BingX 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1423% | 4h | 1.5054 | −0.040% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1631% | 4h | 1.5037 | −0.150% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA