Funding you earn now, next payment 01:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h −0.008%
Price spread now: Injective against OKX−0.228%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.015%−$1 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 −$9 a day on $10k at the current rate, and Injective is 0.228% cheaper against OKX than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% 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 | OKX ORCL-USDT-SWAP | 149.40 | 0.0317 | pay 0.0317% / 8h | 7h 54m | $4.8M | $5.5M | 20x |
| Short | Injective ORCL/USDC PERP | 149.06 | 0.0033 | get 0.0004% / 1h | 54m 55s | $20K | $12K | 12x |
OKX ORCL-USDT-SWAP
Injective ORCL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- −$59.52
- Price spread: −0.228% → 0.000%
- −$22.76
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$92.3
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 3 min ago; Injective: no order-book sample. 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 OKX live order book, 3 min ago | 0.34 bp | 13.6 bp −$14 | 32.1 bp −$321 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.0373% | 4h | 149.39 | −0.006% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.38 | −0.015% | $94K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 149.42 | +0.013% | $2.3M | $2.9M | 25x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.66 | +0.174% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.45 | +0.033% | $52K | $22K | 20x | as long as short |
| Nado ORCL-PERP | +0.0027% | 1h | 149.29 | −0.076% | $92K | $18K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.48 | +0.054% | $473K | $50K | 10x | as long as short |
| Injective ORCL/USDC PERPshort | +0.0033% | 1h | 149.06 | −0.228% | $20K | $12K | 12x | |
| Lighter RH ORCL | +0.0040% | 1h | 149.34 | −0.040% | $621K | $323K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.35 | −0.033% | — | $127K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.31 | −0.060% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.27 | −0.087% | $696K | $712K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.38 | −0.013% | $1.1M | $2.9M | 10x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.35 | −0.033% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0136% | 8h | 149.42 | +0.013% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0191% | 8h | 149.35 | −0.033% | $25.1M | $35.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0192% | 1h | 149.32 | −0.052% | $386K | $1.4M | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0251% | 8h | 149.43 | +0.022% | $1K | $192K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0279% | 8h | 149.52 | +0.080% | $261K | $250K | 20x | as long as short |
| OKX ORCL-USDT-SWAPlong | +0.0317% | 8h | 149.40 | long leg | $4.8M | $5.5M | 20x | |
| Polymarket Perps ORCL-USD | +0.0371% | 1h | 149.28 | −0.080% | $131K | $98K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0395% | 8h | 149.33 | −0.047% | $7.6M | $4.2M | 20x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.28 | −0.080% | $86K | $79K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0471% | 1h | 149.26 | −0.094% | $21.5M | $8.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0479% | 1h | 149.42 | +0.013% | $22K | $266K | 50x | as long as short |
| Phoenix ORCL | +0.0538% | 1h | 149.30 | −0.067% | $150K | $84K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0736% | 8h | 149.43 | +0.020% | $3.5M | $1.5M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0740% | 8h | 149.43 | +0.020% | $47K | $51K | 20x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
GRVT ORCL_USDT_Perp
KuCoin ORCLUSDTM
Polymarket Perps ORCL-USD
Bitget ORCLUSDT
Arcus ORCL-USD
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT