Funding you earn now, next payment 07:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.042%
Price spread now: tradeXYZ against Binance−0.087%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 7 days−0.005%−$1 · spread now −0.087%, 7d avg −0.109%
=Together, before fees−0.054%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.022% dearer against Binance than usual: you sell high and buy low (spread −0.087% now, against its 7-day average of −0.109%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.049% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% 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 | 149.37 | 0.0254 | pay 0.0254% / 8h | 1h 25m | $24.9M | $36.9M | 20x |
| Short | tradeXYZ xyz:ORCL | 149.24 | 0.0050 | get 0.0006% / 1h | 25m 45s | $21.6M | $6.9M | 10x |
Binance ORCLUSDT
tradeXYZ xyz:ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$42.79
- Price spread: −0.087% → −0.109%
- $2.23
- Slippage, 4 orders
- −$10.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$79.48
- Costs to cover
- 0.389%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; tradeXYZ: 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, 16 min ago | 0.34 bp | 8.2 bp −$8 | 17.0 bp −$170 | 73.1 bp −$7,308 | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.34 bp | 11.8 bp −$12 | 15.8 bp −$158 | 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 | −0.0893% | 4h | 149.47 | +0.067% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.22 | −0.097% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.45 | +0.054% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.55 | +0.121% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.55 | +0.121% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.44 | +0.047% | $474K | $54K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.37 | 0.000% | $622K | $322K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.207% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.28 | −0.060% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.45 | +0.054% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCLshort | +0.0050% | 1h | 149.24 | −0.087% | $21.6M | $6.9M | 10x | |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.29 | −0.053% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.35 | −0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.16 | −0.140% | $698K | $894K | 10x | as long as short |
| Nado ORCL-PERP | +0.0057% | 1h | 149.24 | −0.089% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.34 | −0.020% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.43 | +0.041% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.31 | −0.040% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0139% | 8h | 149.38 | +0.007% | $240K | $280K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0159% | 8h | 149.39 | +0.014% | $1K | $162K | 10x | as long as short |
| Variational Omni ORCL | +0.0161% | 8h | 149.32 | −0.034% | $1.2M | $423K | — | as long as short |
| Gate ORCL_USDT | +0.0220% | 8h | 149.43 | +0.041% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0242% | 8h | 149.36 | −0.006% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDTlong | +0.0254% | 8h | 149.37 | long leg | $24.9M | $36.9M | 20x | |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.33 | −0.027% | $391K | $1.4M | 10x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.43 | +0.041% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0557% | 8h | 149.38 | +0.007% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0571% | 8h | 149.40 | +0.020% | $4.1M | $1.9M | 50x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT