Funding you earn now, next payment 09:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.129%
Price spread now: Bybit against Polymarket Perps+0.141%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now +0.141%, 7d avg +0.103%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.038% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.103%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% 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 | 148.74 | 0.0050 | pay 0.0006% / 1h | 52m 20s | $130K | $80K | 10x |
| Short | Bybit ORCLUSDT | 148.95 | 0.0331 | get 0.0331% / 8h | 7h 52m | $4.1M | $1.9M | 50x |
Polymarket Perps ORCL-USD
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $59.12
- Price spread: +0.141% → +0.103%
- $3.85
- Slippage, 4 orders
- −$27.57
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $16.39
- Costs to cover
- 0.466%
- Break-even
- 5.1 days
Slippage from Polymarket Perps: live order book, 44 min ago; Bybit: live order book, 5 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, 44 min ago | 2.68 bp | 6.7 bp −$7 | 7.3 bp −$73 | 21.1 bp −$2,110 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.67 bp | 15.0 bp −$15 | 29.0 bp −$290 | 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 | −0.0271% | 4h | 149.05 | +0.212% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.11 | +0.250% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 148.98 | +0.161% | $7.7M | $2.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.14 | +0.269% | $3K | $2.6M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.10 | +0.242% | $52K | $25K | 20x | as long as short |
| Gate ORCL_USDT | +0.0001% | 8h | 149.00 | +0.175% | $2.3M | $2.8M | 25x | as long as short |
| Nado ORCL-PERP | +0.0003% | 1h | 148.76 | +0.015% | $88K | $22K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.99 | +0.168% | $476K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 148.92 | +0.121% | $622K | $294K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.215% | $20K | $9K | 12x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Gate ORCL_USDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus ORCL-USD | +0.0040% | 1h | 148.84 | +0.067% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.97 | +0.155% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.78 | +0.027% | $21.7M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USDlong | +0.0050% | 1h | 148.74 | long leg | $130K | $80K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.90 | +0.108% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.78 | +0.027% | $710K | $871K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 148.90 | +0.108% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.02 | +0.188% | $241K | $292K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.01 | +0.182% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.89 | +0.101% | $189 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0142% | 8h | 149.06 | +0.215% | $1K | $153K | 10x | as long as short |
| Variational Omni ORCL | +0.0184% | 8h | 149.14 | +0.269% | $1.2M | $424K | — | as long as short |
| OKX ORCL-USDT-SWAP | +0.0212% | 8h | 148.91 | +0.114% | $4.9M | $5.9M | 20x | as long as short |
| Binance ORCLUSDT | +0.0269% | 8h | 148.94 | +0.133% | $25.1M | $36.3M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0272% | 1h | 148.87 | +0.088% | $390K | $2.1M | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0331% | 8h | 148.95 | +0.141% | $4.1M | $1.9M | 50x | |
| BloFin ORCL-USDT | +0.0406% | 8h | 148.95 | +0.141% | $47K | $45K | 20x | as long as short |
| Phoenix ORCL | +0.0537% | 1h | 149.08 | +0.229% | $152K | $73K | 10x | as long as short |
Arcus ORCL-USD
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Extended ORCL_24_5-USD
BloFin ORCL-USDT
Phoenix ORCL