Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.164%
Price spread now: BingX against Extended−0.070%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1181.183% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.070%, 7d avg +0.059%
=Together, before fees+0.307%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.129% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.059%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.167%, 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 | Extended ORCA-USD | 1.4920 | 0.0104 | pay 0.0013% / 1h | 38m 57s | $6K | $212K | 5x |
| Short | BingX ORCA-USDT | 1.4910 | 0.0070 | get 0.0035% / 4h | 38m 57s | — | $6.6M | — |
Extended ORCA-USD
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Extended. 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
- −$7.14
- Price spread: −0.070% → +0.059%
- −$12.86
- Slippage, 4 orders
- −$103.28
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$138.28
- Costs to cover
- 1.183%
- Break-even
- never at this rate
Slippage from Extended: live order book, 62 min ago; BingX: 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 Extended live order book, 62 min ago | 6.46 bp | 39.6 bp −$40 | 249.1 bp −$2,491 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 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 | 1.4910 | −0.070% | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4932 | +0.076% | $44K | $37K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4925 | +0.031% | $3.4M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4919 | −0.010% | $124K | $35K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4920 | −0.003% | $687K | $123K | 20x | as long as short |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4931 | +0.071% | $561K | $201K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4920 | −0.003% | $668K | $672K | 25x | as long as short |
| BloFin ORCA-USDT | +0.0100% | 4h | 1.4900 | −0.137% | $221K | $60K | 50x | as long as short |
| Extended ORCA-USDlong | +0.0104% | 1h | 1.4920 | long leg | $6K | $212K | 5x | |
| Kraken Futures PF_ORCAUSD | +0.0111% | 1h | 1.4919 | −0.012% | $9K | $8K | 10x | as long as short |
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
KuCoin ORCAUSDTM
Bitget ORCAUSDT
BloFin ORCA-USDT
Kraken Futures PF_ORCAUSDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.1142% | 4h | 1.4937 | +0.108% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.1145% | 4h | 1.4908 | −0.083% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT