Funding you earn now, next payment 08:00 UTC+0.0300%/8h= +32.8% APRnext payment +$3.00 per $10,000 · paid last 24h −0.044%
Price spread now: OKX against Bitget−0.013%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now −0.013%, 7d avg −0.037%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and OKX is 0.024% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.037%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.00 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 | Bitget ORCLUSDT | 149.50 | 0 | get 0.0000% / 8h | 2h 13m | $7.7M | $3.8M | 20x |
| Short | OKX ORCL-USDT-SWAP | 149.48 | 0.0300 | get 0.0300% / 8h | 2h 13m | $4.9M | $6.0M | 20x |
Bitget ORCLUSDT
OKX ORCL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $62.9
- Price spread: −0.013% → −0.037%
- $2.38
- Slippage, 4 orders
- −$29.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $14.06
- Costs to cover
- 0.512%
- Break-even
- 5.4 days
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 4 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 Bitget live order book, 5 min ago | 1.34 bp | 16.7 bp −$17 | 25.1 bp −$251 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.34 bp | 10.7 bp −$11 | 19.9 bp −$199 | 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 | −0.0328% | 4h | 149.19 | −0.207% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.21 | −0.195% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDTlong | 0.0000% | 8h | 149.50 | long leg | $7.7M | $3.8M | 20x | |
| SunX ORCL-USDT | 0.0000% | 8h | 149.70 | +0.134% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.24 | −0.174% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.43 | −0.047% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.40 | −0.067% | $623K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.294% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.16 | −0.227% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.32 | −0.120% | — | $67K | 25x | 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-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.28 | −0.147% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.34 | −0.107% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.43 | −0.047% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.02 | −0.321% | $693K | $884K | 10x | as long as short |
| Nado ORCL-PERP | +0.0054% | 1h | 149.26 | −0.160% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.37 | −0.087% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.26 | −0.161% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.35 | −0.100% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0154% | 8h | 149.23 | −0.181% | $1K | $164K | 10x | as long as short |
| Variational Omni ORCL | +0.0181% | 8h | 149.19 | −0.207% | $1.2M | $423K | — | as long as short |
| KuCoin ORCLUSDTM | +0.0233% | 8h | 149.26 | −0.161% | $240K | $285K | 20x | as long as short |
| Gate ORCL_USDT | +0.0246% | 8h | 149.48 | −0.013% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0268% | 8h | 149.42 | −0.054% | $25.0M | $35.9M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0272% | 1h | 149.43 | −0.050% | $388K | $1.6M | 10x | as long as short |
| OKX ORCL-USDT-SWAPshort | +0.0300% | 8h | 149.48 | −0.013% | $4.9M | $6.0M | 20x | |
| Phoenix ORCL | +0.0428% | 1h | 149.11 | −0.261% | $152K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0622% | 8h | 149.52 | +0.013% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0626% | 8h | 149.48 | −0.013% | $47K | $43K | 20x | as long as short |
tradeXYZ xyz:ORCL
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
GRVT ORCL_USDT_Perp
Variational Omni ORCL
KuCoin ORCLUSDTM
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT