Funding you earn now, next payment 05:00 UTC−0.0291%/8h= −31.9% APRpaid last 24h −0.034%
Price spread now: Injective against Binance−0.458%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 0.458% cheaper against Binance than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.2% a year). A funding rate is set anew for every payment. 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 | 149.75 | 0.0324 | pay 0.0324% / 8h | 3h 52m | $25.2M | $35.3M | 20x |
| Short | Injective ORCL/USDC PERP | 149.06 | 0.0033 | get 0.0004% / 1h | 52m 32s | $20K | $12K | 12x |
Binance ORCLUSDT
Injective ORCL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$61.11
- Price spread: −0.458% → 0.000%
- −$45.79
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$116.92
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 4 min ago; Injective: no order-book sample. 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 Binance live order book, 4 min ago | 0.33 bp | 8.4 bp −$8 | 15.4 bp −$154 | 66.4 bp −$6,639 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.
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 | −0.0968% | 4h | 149.75 | +0.006% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.70 | −0.029% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.02 | +0.183% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.87 | +0.083% | $52K | $24K | 20x | as long as short |
| Nado ORCL-PERP | +0.0013% | 1h | 149.67 | −0.050% | $91K | $20K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0016% | 8h | 149.85 | +0.070% | $7.7M | $3.8M | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.83 | +0.056% | $475K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.77 | +0.016% | $624K | $315K | 10x | as long as short |
| Injective ORCL/USDC PERPshort | +0.0033% | 1h | 149.06 | −0.458% | $20K | $12K | 12x | |
| Arcus ORCL-USD | +0.0040% | 1h | 149.68 | −0.044% | $87K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Bitget ORCLUSDT
Lighter ORCL
Lighter RH ORCL
Arcus ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.79 | +0.030% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.65 | −0.064% | $21.7M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.69 | −0.037% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.78 | +0.023% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.60 | −0.097% | $708K | $714K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.70 | −0.031% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.80 | +0.036% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.73 | −0.010% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0240% | 8h | 149.83 | +0.053% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0253% | 8h | 149.75 | +0.002% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0306% | 8h | 149.85 | +0.070% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDTlong | +0.0324% | 8h | 149.75 | long leg | $25.2M | $35.3M | 20x | |
| Extended ORCL_24_5-USD | +0.0328% | 1h | 149.71 | −0.025% | $390K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0355% | 8h | 149.84 | +0.063% | $262K | $279K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0392% | 8h | 149.77 | +0.016% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.75 | +0.003% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0722% | 8h | 149.86 | +0.076% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0731% | 8h | 149.84 | +0.063% | $4.1M | $1.8M | 50x | as long as short |
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT