Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRnext payment +$2.20 per $10,000 · paid last 24h +0.066%
Price spread now: Bybit against KuCoin−0.047%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$268as in the Price arb table
costs, in and out, $10k−$2642.635% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.047%, 7d avg 0.000%
=Funding pays, the price is against you. Bybit is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of 0.000%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.023% in total) that is about 14 days.
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 +$2.20 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 | KuCoin ORCLUSDTM | 149.39 | 0.0302 | pay 0.0302% / 8h | 6h 40m | $259K | $261K | 20x |
| Short | Bybit ORCLUSDT | 149.32 | 0.0522 | get 0.0522% / 8h | 6h 40m | $3.5M | $1.4M | 50x |
KuCoin ORCLUSDTM
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- $46.17
- Price spread: −0.047% → 0.000%
- −$4.69
- Slippage, 4 orders
- −$240.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$222.06
- Costs to cover
- 2.635%
- Break-even
- 40.7 days
Slippage from KuCoin: live order book, 70 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 KuCoin live order book, 70 min ago | 7.69 bp | 69.7 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.34 bp | 11.1 bp −$11 | 23.2 bp −$232 | 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 | −0.0054% | 4h | 149.31 | −0.051% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.37 | −0.010% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.47 | +0.054% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.013% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.32 | −0.047% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.26 | −0.087% | $621K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.221% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.21 | −0.120% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.27 | −0.080% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.18 | −0.141% | $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 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.24 | −0.100% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.09 | −0.201% | $710K | $680K | 10x | as long as short |
| Nado ORCL-PERP | +0.0056% | 1h | 149.13 | −0.176% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.19 | −0.134% | $1.1M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0075% | 1h | 149.16 | −0.154% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.13 | −0.174% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.20 | −0.127% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0172% | 8h | 149.29 | −0.067% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0199% | 8h | 149.32 | −0.045% | $2K | $181K | 10x | as long as short |
| Variational Omni ORCL | +0.0200% | 8h | 149.22 | −0.113% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0248% | 8h | 149.22 | −0.114% | $25.0M | $35.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.18 | −0.138% | $388K | $1.3M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0287% | 8h | 149.32 | −0.047% | $7.6M | $4.0M | 20x | as long as short |
| KuCoin ORCLUSDTMlong | +0.0302% | 8h | 149.39 | long leg | $259K | $261K | 20x | |
| OKX ORCL-USDT-SWAP | +0.0322% | 8h | 149.29 | −0.067% | $4.9M | $5.6M | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0522% | 8h | 149.32 | −0.047% | $3.5M | $1.4M | 50x | |
| BloFin ORCL-USDT | +0.0523% | 8h | 149.45 | +0.040% | $47K | $43K | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.27 | −0.080% | $153K | $75K | 10x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
Bitget ORCLUSDT
OKX ORCL-USDT-SWAP
BloFin ORCL-USDT
Phoenix ORCL