Funding you earn now, next payment 05:00 UTC+0.0272%/8h= +29.7% APRpaid last 24h +0.048%
Price spread now: Binance against Polymarket Perps0.000%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 7 days+0.223%+$22 · spread now 0.000%, 7d avg +0.096%
=Funding pays, the price is against you. Binance is 0.096% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.096%). If the spread goes back, that is −$10 on $10k: about 28 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.043% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.2% 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 | Polymarket Perps ORCL-USD | 149.53 | 0.0050 | pay 0.0006% / 1h | 50m 02s | $131K | $90K | 10x |
| Short | Binance ORCLUSDT | 149.53 | 0.0322 | get 0.0322% / 8h | 3h 50m | $25.2M | $35.3M | 20x |
Polymarket Perps ORCL-USD
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Polymarket 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
- $57.02
- Price spread: 0.000% → +0.096%
- −$9.65
- Slippage, 4 orders
- −$12.77
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $16.6
- Costs to cover
- 0.308%
- Break-even
- 5.0 days
Slippage from Polymarket Perps: live order book, 2 min ago; Binance: live order book, 7 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 Polymarket Perps live order book, 2 min ago | 1.67 bp | 5.7 bp −$6 | 6.0 bp −$60 | 11.9 bp −$1,188 | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.33 bp | 6.7 bp −$7 | 14.0 bp −$140 | 71.4 bp −$7,145 | 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 | −0.0646% | 4h | 149.73 | +0.135% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.49 | −0.030% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.91 | +0.254% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.65 | +0.080% | $52K | $24K | 20x | as long as short |
| Bitget ORCLUSDT | +0.0010% | 8h | 149.66 | +0.087% | $7.7M | $3.8M | 20x | as long as short |
| Nado ORCL-PERP | +0.0017% | 1h | 149.50 | −0.019% | $91K | $20K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.62 | +0.060% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.58 | +0.033% | $624K | $315K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.314% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.63 | +0.067% | $87K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Bitget ORCLUSDT
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 | 149.69 | +0.107% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.43 | −0.067% | $21.6M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USDlong | +0.0050% | 1h | 149.53 | long leg | $131K | $90K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.57 | +0.027% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.48 | −0.033% | $703K | $723K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.60 | +0.047% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.78 | +0.167% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.54 | +0.007% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0225% | 8h | 149.79 | +0.174% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0247% | 8h | 149.67 | +0.093% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0305% | 8h | 149.66 | +0.087% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0320% | 1h | 149.49 | −0.028% | $390K | $1.3M | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0322% | 8h | 149.53 | 0.000% | $25.2M | $35.3M | 20x | |
| KuCoin ORCLUSDTM | +0.0353% | 8h | 149.66 | +0.087% | $262K | $279K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0388% | 8h | 149.59 | +0.040% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.69 | +0.107% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0725% | 8h | 149.60 | +0.047% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0726% | 8h | 149.85 | +0.214% | $47K | $43K | 20x | as long as short |
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
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
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT