Funding you earn now, next payment 04:00 UTC−0.0463%/8h= −50.7% APRnext payment −$2.31 per $10,000 · paid last 24h −0.348%
Price spread now: MEXC against Variational Omni+0.123%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. MEXC is 0.123% dearer against Variational Omni than usual: you sell high and buy low (spread +0.123% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ORCA | 1.5101 | 0.0563 | pay 0.0281% / 4h | 2h 04m | $29K | $12K | — |
| Short | MEXC ORCA_USDT | 1.5120 | 0.0100 | get 0.0050% / 4h | 2h 04m | $704K | $132K | 20x |
Variational Omni ORCA
MEXC ORCA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Variational Omni. 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
- −$97.21
- Price spread: +0.123% → 0.000%
- $12.35
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$88.87
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 56 min ago. Net counts fees only.
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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 56 min ago | 3.30 bp | 11.6 bp −$12 | 36.8 bp −$368 | 280.7 bp −$28.1K | doesn't fit |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ORCA on 11 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 | −0.0480% | 1h | 1.5130 | +0.190% | $9K | $14K | 10x | as long as short |
| BingX ORCA-USDT | +0.0070% | 4h | 1.5110 | +0.057% | — | $6.6M | — | as long as short |
| Aster ORCAUSDT | +0.0100% | 4h | 1.5140 | +0.253% | $44K | $41K | 5x | as long as short |
| Binance ORCAUSDT | +0.0100% | 4h | 1.5127 | +0.172% | $3.4M | $5.5M | 50x | as long as short |
| Gate ORCA_USDT | +0.0100% | 4h | 1.5119 | +0.117% | $127K | $45K | 25x | as long as short |
| MEXC ORCA_USDTshort | +0.0100% | 4h | 1.5120 | +0.123% | $704K | $132K | 20x | |
| Bitget ORCAUSDT | +0.0100% | 4h | 1.5130 | +0.190% | $682K | $606K | 25x | as long as short |
| Extended ORCA-USD | +0.0104% | 1h | 1.5124 | +0.148% | $4K | $128K | 5x | as long as short |
| Bybit ORCAUSDT | +0.0180% | 4h | 1.5111 | +0.064% | $2.1M | $1.5M | 25x | as long as short |
| KuCoin ORCAUSDTM | +0.0260% | 4h | 1.5151 | +0.329% | $582K | $205K | 30x | as long as short |
Kraken Futures PF_ORCAUSD
BingX ORCA-USDT
Aster ORCAUSDT
Binance ORCAUSDT
Gate ORCA_USDT
Bitget ORCAUSDT
Extended ORCA-USD
Bybit ORCAUSDT
KuCoin ORCAUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ORCAlong | +0.0563% | 4h | 1.5101 | long leg | $29K | $12K | — |