Funding you earn now, next payment 07:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.024%
Price spread now: Bybit against Arcus+0.074%46s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bybit is 0.074% dearer against Arcus than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus ORCL-USD | 149.39 | 0.0040 | pay 0.0005% / 1h | 53m 45s | $87K | $79K | 10x |
| Short | Bybit ORCLUSDT | 149.50 | 0.0620 | get 0.0620% / 8h | 1h 53m | $4.1M | $1.9M | 50x |
Arcus ORCL-USD
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Arcus. 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
- $121.72
- Price spread: +0.074% → 0.000%
- $7.36
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $113.58
- Costs to cover
- 0.155%
- Break-even
- 0.5 days
Slippage unknown: Arcus: no order-book sample; Bybit: live order book, 4 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 Arcus no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 1.67 bp | 10.8 bp −$11 | 20.6 bp −$206 | doesn't fit | doesn't fit |
Arcus: 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 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 | −0.0883% | 4h | 149.52 | +0.086% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.38 | −0.004% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.54 | +0.100% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.81 | +0.281% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.65 | +0.174% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.52 | +0.087% | $474K | $51K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.221% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USDlong | +0.0040% | 1h | 149.39 | long leg | $87K | $79K | 10x | |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.44 | +0.033% | — | $67K | 25x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.43 | +0.027% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.46 | +0.047% | $699K | $895K | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0058% | 1h | 149.36 | −0.020% | $131K | $92K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.41 | +0.013% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.39 | 0.000% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.44 | +0.033% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0142% | 1h | 149.34 | −0.033% | $21.6M | $6.9M | 10x | as long as short |
| Nado ORCL-PERP | +0.0169% | 1h | 149.32 | −0.047% | $88K | $22K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0170% | 8h | 149.55 | +0.106% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0183% | 8h | 149.45 | +0.039% | $1.2M | $423K | — | as long as short |
| Lighter RH ORCL | +0.0192% | 1h | 149.46 | +0.047% | $623K | $321K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0202% | 8h | 149.38 | −0.007% | $240K | $283K | 20x | as long as short |
| Gate ORCL_USDT | +0.0244% | 8h | 149.52 | +0.087% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0272% | 1h | 149.43 | +0.027% | $388K | $1.6M | 10x | as long as short |
| Binance ORCLUSDT | +0.0274% | 8h | 149.47 | +0.054% | $24.9M | $36.7M | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0288% | 8h | 149.48 | +0.060% | $4.9M | $6.0M | 20x | as long as short |
| Phoenix ORCL | +0.0428% | 1h | 149.52 | +0.087% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0607% | 8h | 149.50 | +0.074% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0620% | 8h | 149.50 | +0.074% | $4.1M | $1.9M | 50x |
Ondo Perps ORCL-USD.P
Polymarket Perps ORCL-USD
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
Nado ORCL-PERP
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Lighter RH ORCL
KuCoin ORCLUSDTM
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT