Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.139%
Price spread now: BingX against KuCoin−0.134%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$288as in the Price arb table
costs, in and out, $10k−$2802.802% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.134%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.076% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, 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 | KuCoin ORCAUSDTM | 1.4920 | 0.0100 | pay 0.0050% / 4h | 17m 23s | $563K | $199K | 30x |
| Short | BingX ORCA-USDT | 1.4900 | 0.0070 | get 0.0035% / 4h | 17m 23s | — | $6.6M | — |
KuCoin ORCAUSDTM
BingX ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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: −0.134% → −0.058%
- −$7.56
- Slippage, 4 orders
- −$258.18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$294.04
- Costs to cover
- 2.802%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 17 min ago; BingX: live order book, 10 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 KuCoin live order book, 17 min ago | 9.06 bp | 160.3 bp −$160 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 10.08 bp | 23.6 bp −$24 | 62.6 bp −$626 | 682.3 bp −$68.2K | 1249.6 bp −$624.8K |
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 | 1.4900 | −0.134% | — | $6.6M | — | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4900 | −0.134% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4910 | −0.067% | $3.4M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4892 | −0.188% | $124K | $36K | 25x | as long as short |
| MEXC ORCA_USDT | +0.0100% | 4h | 1.4900 | −0.134% | $687K | $124K | 20x | as long as short |
| KuCoin ORCAUSDTMlong | +0.0100% | 4h | 1.4920 | long leg | $563K | $199K | 30x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4900 | −0.134% | $673K | $658K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4908 | −0.081% | $6K | $208K | 5x | as long as short |
| Kraken Futures PF_ORCAUSD | +0.0112% | 1h | 1.4890 | −0.202% | $9K | $8K | 10x | as long as short |
| BloFin ORCA-USDT | +0.0135% | 4h | 1.4910 | −0.067% | $223K | $60K | 50x | as long as short |
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
MEXC ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
Kraken Futures PF_ORCAUSD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.0926% | 4h | 1.4889 | −0.208% | $2.0M | $1.5M | 25x | as long as short |
| Variational Omni ORCA | +0.0987% | 4h | 1.4858 | −0.416% | $28K | $10K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA