Funding you earn now, next payment 01:00 UTC+0.0592%/8h= +64.8% APRpaid last 24h +0.075%
Price spread now: Bybit against Injective+0.342%78s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bybit is 0.342% dearer against Injective than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 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 0.133% in total (about 6.9% a year). A funding rate is set anew for every payment. 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 | Injective ORCL/USDC PERP | 149.06 | 0.0033 | pay 0.0004% / 1h | 10m 02s | $20K | $12K | 12x |
| Short | Bybit ORCLUSDT | 149.57 | 0.0625 | get 0.0625% / 8h | 7h 10m | $3.5M | $1.4M | 50x |
Injective ORCL/USDC PERP
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $124.26
- Price spread: +0.342% → 0.000%
- $34.21
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $147.45
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 1.00 bp | 11.0 bp −$11 | 21.4 bp −$214 | doesn't fit | 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 | −0.0540% | 4h | 149.60 | +0.360% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.57 | +0.342% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.77 | +0.476% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.60 | +0.362% | $52K | $22K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.57 | +0.342% | $474K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.51 | +0.302% | $622K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERPlong | +0.0033% | 1h | 149.06 | long leg | $20K | $12K | 12x | |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.55 | +0.329% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.43 | +0.248% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.50 | +0.295% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.32 | +0.174% | $703K | $697K | 10x | as long as short |
| Nado ORCL-PERP | +0.0070% | 1h | 149.40 | +0.231% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.41 | +0.235% | $1.2M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0096% | 1h | 149.41 | +0.235% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.63 | +0.382% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.50 | +0.295% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0198% | 8h | 149.49 | +0.285% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0245% | 8h | 149.52 | +0.307% | $25.1M | $35.0M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.49 | +0.286% | $386K | $1.3M | 10x | as long as short |
| Gate ORCL_USDT | +0.0280% | 8h | 149.56 | +0.335% | $2.3M | $2.9M | 25x | as long as short |
| KuCoin ORCLUSDTM | +0.0303% | 8h | 149.63 | +0.382% | $260K | $259K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0324% | 8h | 149.51 | +0.302% | $4.8M | $5.5M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0394% | 8h | 149.58 | +0.349% | $2K | $182K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0400% | 8h | 149.59 | +0.356% | $7.6M | $4.0M | 20x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.46 | +0.268% | $87K | $79K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0611% | 8h | 149.59 | +0.356% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0625% | 8h | 149.57 | +0.342% | $3.5M | $1.4M | 50x | |
| Phoenix ORCL | +0.0697% | 1h | 149.53 | +0.315% | $153K | $84K | 10x | as long as short |
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
Gate ORCL_USDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
GRVT ORCL_USDT_Perp
Bitget ORCLUSDT
Arcus ORCL-USD
BloFin ORCL-USDT
Phoenix ORCL