Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.299%
Price spread now: Bybit against MEXC−0.020%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days+0.349%+$35 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.020%, 7d avg +0.043%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.063% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ORCA_USDT | 1.5140 | 0.0100 | pay 0.0050% / 4h | 23m 52s | $699K | $123K | 20x |
| Short | Bybit ORCAUSDT | 1.5137 | 0.0100 | get 0.0050% / 4h | 23m 52s | $2.1M | $1.5M | 25x |
MEXC ORCA_USDT
Bybit ORCAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.020% → +0.043%
- −$6.31
- Slippage, 4 orders
- −$51.15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$72.46
- Costs to cover
- 0.662%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 26 min ago; Bybit: live order book, 3 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, 26 min ago | 3.32 bp | 9.2 bp −$9 | 32.6 bp −$326 | 434.7 bp −$43.5K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.95 bp | 19.9 bp −$20 | 93.5 bp −$935 | 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 | −0.0512% | 1h | 1.5145 | +0.036% | $9K | $13K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5160 | +0.132% | — | $6.6M | — | as long as short |
| BloFin ORCA-USDT | +0.0079% | 4h | 1.5170 | +0.198% | $227K | $60K | 50x | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5171 | +0.205% | $44K | $39K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5141 | +0.006% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ORCAUSDTshort | +0.0100% | 4h | 1.5137 | −0.020% | $2.1M | $1.5M | 25x | |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5161 | +0.139% | $128K | $38K | 25x | as long as short |
| MEXC ORCA_USDTlong | +0.0100% | 4h | 1.5140 | long leg | $699K | $123K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5130 | −0.066% | $670K | $642K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5139 | −0.009% | $4K | $127K | 5x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
BloFin ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCAUSDTM | +0.0180% | 4h | 1.5158 | +0.119% | $585K | $199K | 30x | as long as short |
| Variational Omni ORCA | +0.0307% | 4h | 1.5121 | −0.124% | $29K | $10K | — | as long as short |
KuCoin ORCAUSDTM
Variational Omni ORCA