Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC−0.066%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$790.794% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.066%, 7d avg +0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.089% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ORCA_USDT | 1.5110 | 0.0100 | pay 0.0050% / 4h | 1h 26m | $704K | $145K | 20x |
| Short | Bitget ORCAUSDT | 1.5100 | 0.0100 | get 0.0050% / 4h | 1h 26m | $690K | $536K | 25x |
MEXC ORCA_USDT
Bitget ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- $0
- Price spread: −0.066% → +0.023%
- −$8.92
- Slippage, 4 orders
- −$63.37
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$88.29
- Costs to cover
- 0.794%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 48 min ago; Bitget: live order book, 53 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 MEXC live order book, 48 min ago | 3.32 bp | 12.9 bp −$13 | 31.0 bp −$310 | 371.0 bp −$37.1K | doesn't fit |
| Sell Bitget live order book, 53 min ago | 9.94 bp | 31.8 bp −$32 | 79.3 bp −$793 | doesn't fit | 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 | −0.0176% | 1h | 1.5131 | +0.141% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5110 | 0.000% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5127 | +0.112% | $44K | $44K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5107 | −0.019% | $3.5M | $5.4M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5113 | +0.020% | $127K | $47K | 25x | as long as short |
| MEXC ORCA_USDTlong | +0.0100% | 4h | 1.5110 | long leg | $704K | $145K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.5136 | +0.172% | $577K | $206K | 30x | as long as short |
| Bitget ORCAUSDTshort | +0.0100% | 4h | 1.5100 | −0.066% | $690K | $536K | 25x | |
| Extended ORCA-USD | +0.0104% | 1h | 1.5108 | −0.012% | $3K | $155K | 5x | as long as short |
| BloFin ORCA-USDT | +0.0106% | 4h | 1.5120 | +0.066% | $231K | $58K | 50x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
KuCoin ORCAUSDTM
Extended ORCA-USD
BloFin ORCA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ORCAUSDT | +0.1565% | 4h | 1.5079 | −0.205% | $2.1M | $1.3M | 25x | as long as short |
| Variational Omni ORCA | +0.1825% | 4h | 1.5081 | −0.191% | $28K | $12K | — | as long as short |
Bybit ORCAUSDT
Variational Omni ORCA