Funding you earn now, next payment 04:00 UTC+0.0652%/8h= +71.4% APRpaid last 24h +0.084%
Price spread now: Bybit against ApeX Omni+0.127%69s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)−0.278%−$28 · spread now +0.127%, 7d avg +0.034%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bybit is 0.093% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.034%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% 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 | ApeX Omni ORACLEUSDT | 149.72 | 0.0100 | pay 0.0013% / 1h | 36m 20s | $22K | $265K | 50x |
| Short | Bybit ORCLUSDT | 149.91 | 0.0752 | get 0.0752% / 8h | 4h 36m | $4.1M | $1.8M | 50x |
ApeX Omni ORACLEUSDT
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against ApeX 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
- $136.85
- Price spread: +0.127% → +0.034%
- $9.26
- Slippage, 4 orders
- −$37.81
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $87.3
- Costs to cover
- 0.588%
- Break-even
- 2.5 days
Slippage from ApeX Omni: live order book, 21 min ago; Bybit: live order book, 1 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 ApeX Omni live order book, 21 min ago | 8.35 bp | 20.4 bp −$20 | 211.4 bp −$2,114 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.00 bp | 11.1 bp −$11 | 23.1 bp −$231 | 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 | −0.0176% | 4h | 149.69 | −0.019% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.59 | −0.090% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.96 | +0.160% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.79 | +0.047% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.70 | −0.013% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.74 | +0.013% | $624K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.441% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.61 | −0.073% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.73 | +0.007% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.66 | −0.040% | $131K | $90K | 10x | as long as short |
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-PERP
Polymarket Perps ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.71 | −0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.52 | −0.134% | $703K | $718K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0053% | 8h | 149.83 | +0.073% | $7.7M | $3.9M | 20x | as long as short |
| Nado ORCL-PERP | +0.0059% | 1h | 149.60 | −0.083% | $91K | $20K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0062% | 1h | 149.64 | −0.053% | $21.6M | $6.8M | 10x | as long as short |
| QFEX ORCL-USD | +0.0080% | 1h | 149.72 | 0.000% | $1.1M | $2.3M | 10x | as long as short |
| ApeX Omni ORACLEUSDTlong | +0.0100% | 1h | 149.72 | long leg | $22K | $265K | 50x | |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.72 | 0.000% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0186% | 8h | 149.78 | +0.040% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0240% | 8h | 149.72 | −0.002% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0260% | 8h | 149.75 | +0.019% | $2K | $177K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0312% | 1h | 149.71 | −0.006% | $388K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0315% | 8h | 149.77 | +0.036% | $25.1M | $35.6M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0383% | 8h | 149.75 | +0.020% | $262K | $275K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0401% | 8h | 149.80 | +0.053% | $5.0M | $5.7M | 20x | as long as short |
| Phoenix ORCL | +0.0481% | 1h | 149.67 | −0.033% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0718% | 8h | 149.87 | +0.100% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0752% | 8h | 149.91 | +0.127% | $4.1M | $1.8M | 50x |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Bitget ORCLUSDT
Nado ORCL-PERP
tradeXYZ xyz:ORCL
QFEX ORCL-USD
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT