Funding you earn now, next payment 08:00 UTC−0.0457%/8h= −50.1% APRnext payment −$4.57 per $10,000 · paid last 24h −0.066%
Price spread now: KuCoin against Bybit−0.027%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$329as in the Funding arb table
Net, price: spread back to 7d avg − costs−$329as in the Price arb table
costs, in and out, $10k−$3263.263% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.027%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.027% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.57 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 | 0.0581 | pay 0.0581% / 8h | 1h 10m | $4.1M | $1.9M | 50x |
| Short | KuCoin ORCLUSDTM | 149.38 | 0.0124 | get 0.0124% / 8h | 1h 10m | $240K | $277K | 20x |
Bybit ORCLUSDT
KuCoin ORCLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$96.03
- Price spread: −0.027% → 0.000%
- −$2.67
- Slippage, 4 orders
- −$303.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$424.99
- Costs to cover
- 3.263%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 32 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, 3 min ago | 1.67 bp | 11.8 bp −$12 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 32 min ago | 11.38 bp | 124.5 bp −$125 | doesn't fit | 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 | −0.0370% | 4h | 149.31 | −0.073% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.18 | −0.161% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.44 | +0.013% | $7.7M | $2.9M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.60 | +0.120% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.42 | 0.000% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.35 | −0.047% | $473K | $54K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.33 | −0.060% | $622K | $322K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.241% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.24 | −0.120% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.34 | −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:ORCL | +0.0050% | 1h | 149.20 | −0.147% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.27 | −0.100% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.31 | −0.074% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.08 | −0.228% | $698K | $893K | 10x | as long as short |
| Nado ORCL-PERP | +0.0063% | 1h | 149.18 | −0.163% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.33 | −0.060% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.19 | −0.154% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.29 | −0.087% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTMshort | +0.0124% | 8h | 149.38 | −0.027% | $240K | $277K | 20x | |
| Variational Omni ORCL | +0.0168% | 8h | 149.31 | −0.072% | $1.2M | $423K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0175% | 8h | 149.39 | −0.020% | $1K | $162K | 10x | as long as short |
| Gate ORCL_USDT | +0.0216% | 8h | 149.44 | +0.013% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0250% | 8h | 149.39 | −0.020% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDT | +0.0262% | 8h | 149.33 | −0.060% | $24.9M | $36.9M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.30 | −0.083% | $388K | $1.4M | 10x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.23 | −0.127% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0556% | 8h | 149.45 | +0.020% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0581% | 8h | 149.42 | long leg | $4.1M | $1.9M | 50x |
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
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Extended ORCL_24_5-USD
Phoenix ORCL
BloFin ORCL-USDT