Funding you earn now, next payment 05:00 UTC−0.0305%/8h= −33.4% APRpaid last 24h −0.028%
Price spread now: tradeXYZ against KuCoin−0.160%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1901.903% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.160%, 7d avg −0.113%
=Together, before fees−0.111%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and tradeXYZ is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% 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 | KuCoin ORCLUSDTM | 149.55 | 0.0355 | pay 0.0355% / 8h | 3h 38m | $262K | $278K | 20x |
| Short | tradeXYZ xyz:ORCL | 149.31 | 0.0050 | get 0.0006% / 1h | 38m 27s | $21.6M | $6.8M | 10x |
KuCoin ORCLUSDTM
tradeXYZ xyz:ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$64.05
- Price spread: −0.160% → −0.113%
- −$4.71
- Slippage, 4 orders
- −$160.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$259.1
- Costs to cover
- 1.903%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 33 min ago; tradeXYZ: live order book, 11 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, 33 min ago | 7.00 bp | 77.0 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.67 bp | 11.6 bp −$12 | 15.3 bp −$153 | 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 | −0.0948% | 4h | 149.56 | +0.004% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.35 | −0.136% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.53 | −0.013% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.68 | +0.087% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.82 | +0.181% | $52K | $24K | 20x | as long as short |
| Nado ORCL-PERP | +0.0025% | 1h | 149.35 | −0.133% | $91K | $20K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.49 | −0.040% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.47 | −0.053% | $623K | $315K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.328% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.43 | −0.080% | $87K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.47 | −0.053% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCLshort | +0.0050% | 1h | 149.31 | −0.160% | $21.6M | $6.8M | 10x | |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.38 | −0.114% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.43 | −0.080% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.55 | 0.000% | $703K | $724K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.38 | −0.114% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.57 | +0.013% | $22K | $262K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.43 | −0.080% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0210% | 8h | 149.53 | −0.011% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0242% | 8h | 149.52 | −0.017% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0292% | 8h | 149.50 | −0.033% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0317% | 8h | 149.43 | −0.083% | $25.1M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0320% | 1h | 149.39 | −0.108% | $388K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTMlong | +0.0355% | 8h | 149.55 | long leg | $262K | $278K | 20x | |
| OKX ORCL-USDT-SWAP | +0.0384% | 8h | 149.49 | −0.040% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.57 | +0.013% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0709% | 8h | 149.49 | −0.040% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0721% | 8h | 149.61 | +0.040% | $47K | $43K | 20x | as long as short |
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
OKX ORCL-USDT-SWAP
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT