Funding you earn now, next payment 23:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.001%
Price spread now: Binance against Injective−0.107%107s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.107% cheaper against Injective than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ORCL/USDC PERP | 149.06 | 0.0033 | pay 0.0004% / 1h | 29m 30s | $20K | $14K | 12x |
| Short | Binance ORCLUSDT | 148.90 | 0.0011 | get 0.0011% / 8h | 1h 29m | $24.8M | $35.6M | 20x |
Injective ORCL/USDC PERP
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- −$4.69
- Price spread: −0.107% → 0.000%
- −$10.7
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$25.41
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Binance: live order book, 12 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 12 min ago | 0.34 bp | 8.1 bp −$8 | 14.5 bp −$145 | 64.0 bp −$6,400 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0105% | 4h | 148.91 | −0.098% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.92 | −0.096% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 148.94 | −0.081% | $2.2M | $3.0M | 25x | as long as short |
| Variational Omni ORCL | 0.0000% | 8h | 148.92 | −0.096% | $1.3M | $316K | — | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.91 | −0.102% | $2K | $200K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.11 | +0.034% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.91 | −0.101% | $52K | $22K | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0008% | 1h | 148.86 | −0.134% | $386K | $1.4M | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0011% | 8h | 148.90 | −0.107% | $24.8M | $35.6M | 20x | |
| Lighter ORCL | +0.0032% | 1h | 148.95 | −0.074% | $472K | $53K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Extended ORCL_24_5-USD
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 | 148.90 | −0.107% | $619K | $462K | 10x | as long as short |
| Injective ORCL/USDC PERPlong | +0.0033% | 1h | 149.06 | long leg | $20K | $14K | 12x | |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.85 | −0.141% | — | $127K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.80 | −0.174% | $21.4M | $8.6M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.81 | −0.168% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.87 | −0.127% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.69 | −0.248% | $708K | $691K | 10x | as long as short |
| QFEX ORCL-USD | +0.0056% | 1h | 148.81 | −0.168% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.85 | −0.141% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.87 | −0.127% | $189 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0106% | 1h | 148.75 | −0.206% | $92K | $18K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0127% | 8h | 148.95 | −0.074% | $259K | $219K | 20x | as long as short |
| Arcus ORCL-USD | +0.0152% | 1h | 148.81 | −0.168% | $86K | $90K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0196% | 8h | 148.93 | −0.087% | $4.7M | $5.7M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0293% | 8h | 148.95 | −0.074% | $7.4M | $4.6M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0471% | 8h | 148.91 | −0.101% | $3.5M | $1.6M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0479% | 8h | 149.00 | −0.040% | $47K | $51K | 20x | as long as short |
| Phoenix ORCL | +0.0538% | 1h | 148.88 | −0.121% | $149K | $100K | 10x | as long as short |
Lighter RH ORCL
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
KuCoin ORCLUSDTM
Arcus ORCL-USD
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
Bybit ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL