Funding you earn now, next payment 03:00 UTC−0.0282%/8h= −30.8% APRpaid last 24h −0.046%
Price spread now: tradeXYZ against OKX−0.074%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.074%, 7d avg −0.105%
=Together, before fees−0.054%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.032% dearer against OKX than usual: you sell high and buy low (spread −0.074% now, against its 7-day average of −0.105%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.056% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% 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 | OKX ORCL-USDT-SWAP | 149.25 | 0.0332 | pay 0.0332% / 8h | 5h 46m | $4.9M | $5.5M | 20x |
| Short | tradeXYZ xyz:ORCL | 149.14 | 0.0050 | get 0.0006% / 1h | 46m 52s | $21.5M | $6.8M | 10x |
OKX ORCL-USDT-SWAP
tradeXYZ xyz:ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$59.13
- Price spread: −0.074% → −0.105%
- $3.15
- Slippage, 4 orders
- −$17.76
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$101.74
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; tradeXYZ: live order book, 2 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 OKX live order book, 1 min ago | 0.34 bp | 13.0 bp −$13 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 0.67 bp | 12.0 bp −$12 | 14.4 bp −$144 | 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 | −0.0593% | 4h | 149.23 | −0.012% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.13 | −0.079% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.46 | +0.141% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.35 | +0.067% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.30 | +0.034% | $473K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.23 | −0.013% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.127% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.17 | −0.054% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.27 | +0.013% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCLshort | +0.0050% | 1h | 149.14 | −0.074% | $21.5M | $6.8M | 10x |
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-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.18 | −0.047% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.23 | −0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.04 | −0.141% | $696K | $717K | 10x | as long as short |
| Gate ORCL_USDT | +0.0051% | 8h | 149.25 | 0.000% | $2.3M | $2.9M | 25x | as long as short |
| Nado ORCL-PERP | +0.0053% | 1h | 149.12 | −0.088% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.19 | −0.040% | $1.1M | $2.7M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0080% | 8h | 149.31 | +0.040% | $7.7M | $4.0M | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.12 | −0.087% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.23 | −0.013% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0156% | 8h | 149.27 | +0.014% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0185% | 8h | 149.24 | −0.006% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0247% | 8h | 149.24 | −0.009% | $24.9M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.20 | −0.033% | $389K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0322% | 8h | 149.39 | +0.094% | $260K | $267K | 20x | as long as short |
| OKX ORCL-USDT-SWAPlong | +0.0332% | 8h | 149.25 | long leg | $4.9M | $5.5M | 20x | |
| BloFin ORCL-USDT | +0.0475% | 8h | 149.29 | +0.027% | — | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0494% | 8h | 149.32 | +0.047% | $3.6M | $1.4M | 50x | as long as short |
| Phoenix ORCL | +0.0536% | 1h | 149.26 | +0.007% | $153K | $75K | 10x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Gate ORCL_USDT
Nado ORCL-PERP
QFEX ORCL-USD
Bitget ORCLUSDT
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
BloFin ORCL-USDT
Bybit ORCLUSDT
Phoenix ORCL