Funding you earn now, next payment 08:00 UTC+0.0405%/8h= +44.4% APRnext payment +$4.05 per $10,000 · paid last 24h +0.077%
Price spread now: Bybit against Variational Omni+0.076%7-day average +0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.132%+$13 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.076%, 7d avg +0.007%
=Together, before fees+0.072%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bybit is 0.069% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.007%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.132% in total (about 13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.05 per $10,000. 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 | Variational Omni ORCL | 149.19 | 0.0167 | pay 0.0167% / 8h | 41m 25s | $1.2M | $424K | — |
| Short | Bybit ORCLUSDT | 149.30 | 0.0572 | get 0.0572% / 8h | 41m 25s | $4.2M | $1.9M | 50x |
Variational Omni ORCL
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Variational Omni. 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
- $85.13
- Price spread: +0.076% → +0.007%
- $6.92
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $81.05
- Costs to cover
- 0.110%
- Break-even
- 0.3 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 1 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 Variational Omni RFQ quote, 3 min ago | 3.76 bp | doesn't fit | 34.9 bp −$349 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.00 bp | 12.2 bp −$12 | 27.3 bp −$273 | 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 | −0.0318% | 4h | 149.26 | +0.052% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.10 | −0.057% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.37 | +0.123% | $7.7M | $2.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.50 | +0.211% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.20 | +0.009% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.27 | +0.056% | $477K | $59K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.084% | $20K | $9K | 12x | as long as short |
| Lighter RH ORCL | +0.0040% | 1h | 149.29 | +0.070% | $622K | $316K | 10x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.14 | −0.031% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.20 | +0.009% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Lighter RH ORCL
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.14 | −0.031% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.20 | +0.009% | $131K | $82K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.25 | +0.043% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.10 | −0.058% | $698K | $855K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.30 | +0.076% | $1.1M | $2.0M | 10x | as long as short |
| Nado ORCL-PERP | +0.0074% | 1h | 149.13 | −0.038% | $88K | $22K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.33 | +0.097% | $240K | $273K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.17 | −0.011% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.22 | +0.023% | $190 | — | 10x | as long as short |
| Variational Omni ORCLlong | +0.0167% | 8h | 149.19 | long leg | $1.2M | $424K | — | |
| GRVT ORCL_USDT_Perp | +0.0181% | 8h | 149.19 | +0.006% | $1K | $159K | 10x | as long as short |
| Gate ORCL_USDT | +0.0208% | 8h | 149.38 | +0.130% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0244% | 8h | 149.25 | +0.043% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDT | +0.0262% | 8h | 149.30 | +0.075% | $24.9M | $36.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.26 | +0.049% | $388K | $2.1M | 10x | as long as short |
| Phoenix ORCL | +0.0483% | 1h | 149.17 | −0.011% | $153K | $72K | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0572% | 8h | 149.30 | +0.076% | $4.2M | $1.9M | 50x | |
| BloFin ORCL-USDT | +0.0603% | 8h | 149.17 | −0.011% | $47K | $44K | 20x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Extended ORCL_24_5-USD
Phoenix ORCL
BloFin ORCL-USDT