Funding you earn now, next payment 08:00 UTC+0.0237%/8h= +25.9% APRnext payment +$2.37 per $10,000 · paid last 24h −0.029%
Price spread now: OKX against Gate+0.020%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$570.569% of the position
Funding, last 7 days−0.147%−$15 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.020%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.052% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.147%, 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 -0.147% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.37 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 | 149.40 | 0.0094 | pay 0.0094% / 8h | 6h 03m | $2.3M | $2.9M | 25x |
| Short | OKX ORCL-USDT-SWAP | 149.43 | 0.0331 | get 0.0331% / 8h | 6h 03m | $4.9M | $5.6M | 20x |
Gate ORCL_USDT
OKX ORCL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $49.72
- Price spread: +0.020% → −0.032%
- $5.16
- Slippage, 4 orders
- −$31.86
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1.98
- Costs to cover
- 0.569%
- Break-even
- 7.3 days
Slippage from Gate: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago | 4.69 bp | 16.5 bp −$16 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.34 bp | 10.1 bp −$10 | 20.1 bp −$201 | 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 | −0.0123% | 4h | 149.28 | −0.077% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.27 | −0.085% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.61 | +0.141% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.42 | +0.013% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.43 | +0.020% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.36 | −0.027% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.228% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.21 | −0.127% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.35 | −0.033% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.29 | −0.074% | $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 | 149.36 | −0.027% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.12 | −0.187% | $697K | $716K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.32 | −0.054% | $1.1M | $2.7M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0069% | 1h | 149.26 | −0.094% | $21.5M | $6.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0073% | 1h | 149.24 | −0.104% | $92K | $18K | 10x | as long as short |
| Gate ORCL_USDTlong | +0.0094% | 8h | 149.40 | long leg | $2.3M | $2.9M | 25x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.32 | −0.054% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.33 | −0.047% | $190 | — | 10x | as long as short |
| Bitget ORCLUSDT | +0.0131% | 8h | 149.48 | +0.054% | $7.7M | $4.0M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0167% | 8h | 149.17 | −0.155% | $2K | $180K | 10x | as long as short |
| Variational Omni ORCL | +0.0186% | 8h | 149.32 | −0.054% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0246% | 8h | 149.39 | −0.005% | $24.9M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.37 | −0.020% | $387K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0318% | 8h | 149.47 | +0.047% | $261K | $266K | 20x | as long as short |
| OKX ORCL-USDT-SWAPshort | +0.0331% | 8h | 149.43 | +0.020% | $4.9M | $5.6M | 20x | |
| Bybit ORCLUSDT | +0.0514% | 8h | 149.44 | +0.027% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.21 | −0.127% | $153K | $75K | 10x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
tradeXYZ xyz:ORCL
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Bitget ORCLUSDT
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
Bybit ORCLUSDT
Phoenix ORCL