Funding you earn now, next payment 08:00 UTC−0.0345%/8h= −37.8% APRnext payment −$3.45 per $10,000 · paid last 24h −0.102%
Price spread now: GRVT against Bybit−0.033%50s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)+0.405%+$41 · spread now −0.033%, 7d avg +0.010%
=Together, before fees+0.202%+ Points / potential airdropGRVT: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and GRVT is 0.043% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 50 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 -0.204% in total (about -10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.45 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 | 149.42 | 0.0516 | pay 0.0516% / 8h | 6h 20m | $3.5M | $1.4M | 50x |
| Short | GRVT ORCL_USDT_Perp | 149.37 | 0.0171 | get 0.0171% / 8h | 6h 20m | $2K | $180K | 10x |
Bybit ORCLUSDT
GRVT ORCL_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$72.52
- Price spread: −0.033% → +0.010%
- −$4.3
- Slippage, 4 orders
- −$22.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$119.16
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; GRVT: live order book, 42 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, 2 min ago | 1.00 bp | 13.5 bp −$13 | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 42 min ago | 2.01 bp | 10.2 bp −$10 | 20.2 bp −$202 | doesn't fit | doesn't fit |
ORCL on 27 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 | −0.0997% | 4h | 149.37 | −0.033% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.24 | −0.120% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.147% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.45 | +0.020% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.48 | +0.040% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.41 | −0.007% | $622K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.241% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.30 | −0.080% | $87K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.35 | −0.047% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.32 | −0.067% | $131K | $90K | 10x | 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-PERP
Polymarket Perps ORCL-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.39 | −0.020% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.11 | −0.207% | $711K | $679K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.37 | −0.033% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0074% | 1h | 149.17 | −0.168% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0090% | 1h | 149.29 | −0.087% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.39 | −0.020% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.41 | −0.007% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0140% | 8h | 149.47 | +0.033% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perpshort | +0.0171% | 8h | 149.37 | −0.033% | $2K | $180K | 10x | |
| Bitget ORCLUSDT | +0.0185% | 8h | 149.50 | +0.054% | $7.7M | $4.0M | 20x | as long as short |
| Variational Omni ORCL | +0.0195% | 8h | 149.40 | −0.012% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.38 | −0.027% | $387K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0253% | 8h | 149.42 | 0.000% | $24.9M | $35.3M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0311% | 8h | 149.46 | +0.027% | $259K | $264K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0338% | 8h | 149.39 | −0.020% | $4.9M | $5.6M | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0516% | 8h | 149.42 | long leg | $3.5M | $1.4M | 50x | |
| Phoenix ORCL | +0.0535% | 1h | 149.30 | −0.080% | $153K | $75K | 10x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Bitget ORCLUSDT
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL