Funding you earn now, next payment 12:00 UTC+0.0544%/8h= +59.5% APRpaid last 24h +0.129%
Price spread now: Bybit against Ondo Perps+0.199%7-day average +0.121% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.213%+$21 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.199%, 7d avg +0.121%
=Together, before fees+0.166%+ Points / potential airdropOndo Perps: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Bybit is 0.077% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.121%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.213% in total (about 11.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ORCL-USD.P | 150.97 | 0.0050 | pay 0.0006% / 1h | 8m 26s | $698K | $989K | 10x |
| Short | Bybit ORCLUSDT | 151.27 | 0.0594 | get 0.0594% / 8h | 4h 08m | $4.2M | $1.8M | 50x |
Ondo Perps ORCL-USD.P
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. 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
- $114.17
- Price spread: +0.199% → +0.121%
- $7.73
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $105.9
- Costs to cover
- 0.160%
- Break-even
- 0.5 days
Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 1.65 bp | 15.1 bp −$15 | 21.6 bp −$216 | doesn't fit | doesn't fit |
Ondo Perps: 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 exchanges
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 | −0.0336% | 4h | 151.15 | +0.122% | $29K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 151.41 | +0.291% | $107K | $22K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 151.48 | +0.338% | $3K | $2.3M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 151.26 | +0.192% | $52K | $18K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 151.24 | +0.179% | $483K | $60K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 151.23 | +0.172% | $625K | $299K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −1.265% | $20K | $9K | 12x | as long as short |
| Nado ORCL-PERP | +0.0038% | 1h | 151.00 | +0.023% | $89K | $5K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 151.09 | +0.079% | $22.0M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 151.18 | +0.139% | $73K | $157K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Nado ORCL-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USDShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 151.18 | +0.139% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.Plong | +0.0050% | 1h | 150.97 | long leg | $698K | $989K | 10x | |
| Vest ORCL-USD-PERP | +0.0069% | 1h | 151.30 | +0.219% | — | — | 25x | as long as short |
| QFEX ORCL-USD | +0.0070% | 1h | 151.19 | +0.146% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 151.25 | +0.185% | $245K | $550K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 151.08 | +0.073% | $23K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 151.16 | +0.126% | $192 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0207% | 8h | 151.36 | +0.258% | $2.4M | $2.9M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0209% | 8h | 151.25 | +0.185% | $5.1M | $6.3M | 20x | as long as short |
| Variational Omni ORCL | +0.0327% | 8h | 151.16 | +0.125% | $1.2M | $363K | — | as long as short |
| Bitget ORCLUSDT | +0.0389% | 8h | 151.39 | +0.278% | $7.8M | $2.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0432% | 1h | 151.21 | +0.156% | $393K | $2.6M | 10x | as long as short |
| Binance ORCLUSDT | +0.0433% | 8h | 151.26 | +0.192% | $25.7M | $37.0M | 20x | as long as short |
| Arcus ORCL-USD | +0.0446% | 1h | 151.14 | +0.113% | $88K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0463% | 8h | 151.19 | +0.145% | $2K | $142K | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0594% | 8h | 151.27 | +0.199% | $4.2M | $1.8M | 50x | |
| BloFin ORCL-USDT | +0.0604% | 8h | 151.25 | +0.185% | $2K | $43K | 20x | as long as short |
| Phoenix ORCL | +0.0692% | 1h | 151.12 | +0.099% | $154K | $85K | 10x | as long as short |
SoDEX ORCL-USD
Vest ORCL-USD-PERP
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Variational Omni ORCL
Bitget ORCLUSDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
BloFin ORCL-USDT
Phoenix ORCL