Funding you earn now, next payment 08:00 UTC+0.0402%/8h= +44.0% APRnext payment +$4.02 per $10,000 · paid last 24h +0.051%
Price spread now: Bybit against Binance+0.067%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now +0.067%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bybit is 0.061% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.006%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCLUSDT | 149.63 | 0.0312 | pay 0.0312% / 8h | 4h 44m | $25.1M | $35.7M | 20x |
| Short | Bybit ORCLUSDT | 149.73 | 0.0714 | get 0.0714% / 8h | 4h 44m | $4.0M | $1.8M | 50x |
Binance ORCLUSDT
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $84.43
- Price spread: +0.067% → +0.006%
- $6.11
- Slippage, 4 orders
- −$14.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $54.59
- Costs to cover
- 0.360%
- Break-even
- 2.5 days
Slippage from Binance: live order book, 12 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 Binance live order book, 12 min ago | 0.67 bp | 8.1 bp −$8 | 15.4 bp −$154 | 60.7 bp −$6,068 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.67 bp | 10.9 bp −$11 | 24.2 bp −$242 | doesn't fit | doesn't fit |
ORCL on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ORCLUSDC | −0.0185% | 4h | 149.62 | −0.005% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.51 | −0.082% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.84 | +0.140% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.007% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.68 | +0.033% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.61 | −0.013% | $624K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.381% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.53 | −0.067% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.63 | 0.000% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.50 | −0.087% | $21.6M | $6.8M | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.58 | −0.033% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.62 | −0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.41 | −0.147% | $703K | $717K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0062% | 8h | 149.68 | +0.033% | $7.7M | $4.0M | 20x | as long as short |
| Nado ORCL-PERP | +0.0068% | 1h | 149.50 | −0.088% | $91K | $20K | 10x | as long as short |
| QFEX ORCL-USD | +0.0080% | 1h | 149.62 | −0.007% | $1.1M | $2.4M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.64 | +0.007% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.61 | −0.013% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0167% | 8h | 149.65 | +0.013% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0237% | 8h | 149.61 | −0.014% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0268% | 8h | 149.65 | +0.010% | $2K | $178K | 10x | as long as short |
| Binance ORCLUSDTlong | +0.0312% | 8h | 149.63 | long leg | $25.1M | $35.7M | 20x | |
| Extended ORCL_24_5-USD | +0.0312% | 1h | 149.59 | −0.026% | $388K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0384% | 8h | 149.70 | +0.047% | $261K | $275K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0400% | 8h | 149.64 | +0.007% | $5.0M | $5.7M | 20x | as long as short |
| Phoenix ORCL | +0.0481% | 1h | 149.54 | −0.060% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0714% | 8h | 149.73 | +0.067% | $4.0M | $1.8M | 50x | |
| BloFin ORCL-USDT | +0.0725% | 8h | 149.78 | +0.100% | $47K | $43K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Bitget ORCLUSDT
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT