Funding you earn now, next payment 08:00 UTC−0.0360%/8h= −39.4% APRnext payment −$3.60 per $10,000 · paid last 24h −0.051%
Price spread now: Binance against Bybit−0.012%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 2 days (all we have)−0.020%−$2 · spread now −0.012%, 7d avg −0.024%
=The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
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 −$3.60 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 | Bybit ORCLUSDT | 149.48 | 0.0563 | pay 0.0563% / 8h | 7h 36m | $3.5M | $1.4M | 50x |
| Short | Binance ORCLUSDT | 149.46 | 0.0202 | get 0.0202% / 8h | 7h 36m | $25.1M | $35.1M | 20x |
Bybit ORCLUSDT
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$75.65
- Price spread: −0.012% → −0.024%
- $1.22
- Slippage, 4 orders
- −$21.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$116.74
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 5 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 Bybit live order book, 5 min ago | 1.34 bp | 15.0 bp −$15 | 25.2 bp −$252 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.34 bp | 7.9 bp −$8 | 13.7 bp −$137 | 77.4 bp −$7,738 | 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 | −0.0152% | 4h | 149.30 | −0.121% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.45 | −0.019% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.61 | +0.087% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.38 | −0.067% | $52K | $22K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.43 | −0.033% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.37 | −0.074% | $621K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.281% | $20K | $12K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.31 | −0.114% | — | $95K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.27 | −0.140% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.32 | −0.107% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.15 | −0.221% | $702K | $698K | 10x | as long as short |
| Nado ORCL-PERP | +0.0064% | 1h | 149.16 | −0.213% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.26 | −0.147% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.20 | −0.187% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.36 | −0.080% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0136% | 1h | 149.34 | −0.094% | $21.5M | $6.9M | 10x | as long as short |
| Variational Omni ORCL | +0.0153% | 8h | 149.36 | −0.079% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0155% | 8h | 149.43 | −0.033% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0183% | 8h | 149.31 | −0.114% | $1K | $184K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0200% | 1h | 149.42 | −0.039% | $388K | $1.8M | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0202% | 8h | 149.46 | −0.012% | $25.1M | $35.1M | 20x | |
| KuCoin ORCLUSDTM | +0.0297% | 8h | 149.47 | −0.007% | $261K | $254K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0324% | 8h | 149.46 | −0.013% | $4.8M | $5.5M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0400% | 8h | 149.47 | −0.007% | $7.6M | $4.1M | 20x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.26 | −0.147% | $86K | $80K | 10x | as long as short |
| Bybit ORCLUSDTlong | +0.0563% | 8h | 149.48 | long leg | $3.5M | $1.4M | 50x | |
| BloFin ORCL-USDT | +0.0569% | 8h | 149.44 | −0.027% | $47K | $51K | 20x | as long as short |
| Phoenix ORCL | +0.0697% | 1h | 149.18 | −0.201% | $151K | $84K | 10x | as long as short |
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
Variational Omni ORCL
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
Arcus ORCL-USD
BloFin ORCL-USDT
Phoenix ORCL