Funding you earn now, next payment 10:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.127%
Price spread now: tradeXYZ against BloFin−0.120%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and tradeXYZ is 0.120% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.197% in total (about -10.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORCL-USDT | 149.52 | 0.0608 | pay 0.0608% / 8h | 6h 09m | $48K | $45K | 20x |
| Short | tradeXYZ xyz:ORCL | 149.34 | 0.0150 | get 0.0019% / 1h | 9m 11s | $21.8M | $6.7M | 10x |
BloFin ORCL-USDT
tradeXYZ xyz:ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against BloFin. 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
- −$96.1
- Price spread: −0.120% → 0.000%
- −$12.04
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$138.14
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 3 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 BloFin no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 3 min ago | 0.67 bp | 13.2 bp −$13 | 18.0 bp −$180 | doesn't fit | doesn't fit |
BloFin: 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 exchanges
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 | −0.0849% | 4h | 149.43 | −0.061% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.50 | −0.013% | $105K | $22K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.56 | +0.027% | $7.7M | $2.4M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.68 | +0.107% | $3K | $2.4M | 10x | as long as short |
| HTX ORCL-USDT | +0.0030% | 8h | 149.43 | −0.060% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.48 | −0.027% | $477K | $59K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.308% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.37 | −0.100% | — | $43K | 25x | as long as short |
| Lighter RH ORCL | +0.0048% | 1h | 149.44 | −0.054% | $614K | $285K | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.39 | −0.087% | $131K | $69K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Lighter RH ORCL
Polymarket Perps ORCL-USDShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.44 | −0.054% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.18 | −0.227% | $698K | $843K | 10x | as long as short |
| Nado ORCL-PERP | +0.0060% | 1h | 149.26 | −0.177% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.40 | −0.080% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.46 | −0.040% | $242K | $410K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.37 | −0.100% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.42 | −0.067% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCLshort | +0.0150% | 1h | 149.34 | −0.120% | $21.8M | $6.7M | 10x | |
| OKX ORCL-USDT-SWAP | +0.0207% | 8h | 149.42 | −0.067% | $5.0M | $5.9M | 20x | as long as short |
| Variational Omni ORCL | +0.0215% | 8h | 149.44 | −0.056% | $1.2M | $400K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0312% | 1h | 149.41 | −0.073% | $387K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0313% | 8h | 149.48 | −0.024% | $25.2M | $35.2M | 20x | as long as short |
| Gate ORCL_USDT | +0.0370% | 8h | 149.58 | +0.040% | $2.3M | $2.9M | 25x | as long as short |
| Arcus ORCL-USD | +0.0415% | 1h | 149.35 | −0.114% | $87K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0441% | 8h | 149.43 | −0.060% | $1K | $139K | 10x | as long as short |
| Phoenix ORCL | +0.0589% | 1h | 149.32 | −0.134% | $153K | $72K | 10x | as long as short |
| BloFin ORCL-USDTlong | +0.0608% | 8h | 149.52 | long leg | $48K | $45K | 20x | |
| Bybit ORCLUSDT | +0.0609% | 8h | 149.54 | +0.013% | $4.1M | $1.8M | 50x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
OKX ORCL-USDT-SWAP
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
Phoenix ORCL
Bybit ORCLUSDT