Funding you earn now, next payment 00:00 UTC+0.0464%/8h= +50.8% APRnext payment +$4.64 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against Gate0.000%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$620.620% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 7 days−0.002%$0 · spread now 0.000%, 7d avg −0.024%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Bybit is 0.024% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.111%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.64 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 | Gate ORCL_USDT | 148.84 | 0 | get 0.0000% / 8h | 2h 30m | $2.2M | $3.1M | 25x |
| Short | Bybit ORCLUSDT | 148.84 | 0.0464 | get 0.0464% / 8h | 2h 30m | $3.5M | $1.6M | 50x |
Gate ORCL_USDT
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $97.48
- Price spread: 0.000% → −0.024%
- $2.43
- Slippage, 4 orders
- −$35.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $37.94
- Costs to cover
- 0.620%
- Break-even
- 4.3 days
Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 1 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 Gate live order book, 2 min ago | 4.03 bp | 20.7 bp −$21 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.34 bp | 12.3 bp −$12 | 20.0 bp −$200 | 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 | −0.0654% | 4h | 148.76 | −0.054% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.80 | −0.027% | $93K | $16K | 20x | as long as short |
| Extended ORCL_24_5-USD | 0.0000% | 1h | 148.78 | −0.038% | $385K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | 0.0000% | 8h | 148.80 | −0.027% | $24.8M | $35.8M | 20x | as long as short |
| Gate ORCL_USDTlong | 0.0000% | 8h | 148.84 | long leg | $2.2M | $3.1M | 25x | |
| Variational Omni ORCL | 0.0000% | 8h | 148.71 | −0.087% | $1.3M | $221K | — | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.73 | −0.072% | $1K | $206K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.02 | +0.121% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.80 | −0.027% | $52K | $22K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.88 | +0.027% | $471K | $53K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ORCL | +0.0032% | 1h | 148.85 | +0.007% | $622K | $465K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.148% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.79 | −0.034% | — | $127K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.71 | −0.087% | $21.5M | $8.6M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.70 | −0.094% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.79 | −0.034% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.61 | −0.155% | $737K | $610K | 10x | as long as short |
| QFEX ORCL-USD | +0.0053% | 1h | 148.81 | −0.020% | $1.1M | $2.8M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.83 | −0.007% | $258K | $195K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.78 | −0.040% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.76 | −0.054% | $189 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0124% | 1h | 148.70 | −0.097% | $92K | $18K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0200% | 8h | 148.87 | +0.020% | $4.7M | $5.7M | 20x | as long as short |
| Arcus ORCL-USD | +0.0251% | 1h | 148.73 | −0.074% | $78K | $80K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0317% | 8h | 148.75 | −0.060% | $7.4M | $4.7M | 20x | as long as short |
| Phoenix ORCL | +0.0431% | 1h | 148.70 | −0.094% | $149K | $100K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0450% | 8h | 148.88 | +0.027% | $47K | $50K | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0464% | 8h | 148.84 | 0.000% | $3.5M | $1.6M | 50x |
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
OKX ORCL-USDT-SWAP
Arcus ORCL-USD
Bitget ORCLUSDT
Phoenix ORCL
BloFin ORCL-USDT