Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.044%
Price spread now: BloFin against MEXC+0.067%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$670.667% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.067%, 7d avg +0.046%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.021% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ORCA_USDT | 1.4950 | 0.0100 | pay 0.0050% / 4h | 1h 48m | $691K | $122K | 20x |
| Short | BloFin ORCA-USDT | 1.4960 | 0.0097 | get 0.0048% / 4h | 1h 48m | $223K | $60K | 50x |
MEXC ORCA_USDT
BloFin ORCA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$0.73
- Price spread: +0.067% → +0.046%
- $2.07
- Slippage, 4 orders
- −$50.71
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$65.37
- Costs to cover
- 0.667%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 52 min ago; BloFin: live order book, 27 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, 52 min ago | 3.36 bp | 9.0 bp −$9 | 27.5 bp −$275 | 310.3 bp −$31.0K | doesn't fit |
| Sell BloFin live order book, 27 min ago | 6.70 bp | 22.5 bp −$22 | 49.4 bp −$494 | 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 | −0.0184% | 1h | 1.4961 | +0.074% | $9K | $10K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.4960 | +0.067% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDTshort | +0.0097% | 4h | 1.4960 | +0.067% | $223K | $60K | 50x | |
| Aster ORCAUSDT | +0.0100% | 4h | 1.4969 | +0.124% | $44K | $38K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.4962 | +0.080% | $3.4M | $5.6M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.4975 | +0.167% | $125K | $36K | 25x | as long as short |
| MEXC ORCA_USDTlong | +0.0100% | 4h | 1.4950 | long leg | $691K | $122K | 20x | |
| KuCoin ORCAUSDTM | +0.0100% | 4h | 1.4976 | +0.174% | $568K | $204K | 30x | as long as short |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.4950 | 0.000% | $671K | $683K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.4957 | +0.049% | $1K | $103K | 5x | as long as short |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCA | +0.0575% | 4h | 1.4937 | −0.087% | $28K | $9K | — | as long as short |
| Bybit ORCAUSDT | +0.0725% | 4h | 1.4943 | −0.047% | $2.0M | $1.6M | 25x | as long as short |
Variational Omni ORCA
Bybit ORCAUSDT