Funding you earn now, next payment 08:00 UTC+0.0315%/8h= +34.5% APRnext payment +$3.15 per $10,000 · paid last 24h +0.051%
Price spread now: Bybit against Binance+0.033%7-day average +0.006% · 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−$33as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days−0.040%−$4 · spread now +0.033%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.027% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.006%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.15 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 | Binance ORCLUSDT | 149.34 | 0.0261 | pay 0.0261% / 8h | 1h 14m | $24.9M | $36.9M | 20x |
| Short | Bybit ORCLUSDT | 149.39 | 0.0576 | get 0.0576% / 8h | 1h 14m | $4.1M | $1.9M | 50x |
Binance ORCLUSDT
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $66.09
- Price spread: +0.033% → +0.006%
- $2.74
- Slippage, 4 orders
- −$15.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $32.68
- Costs to cover
- 0.362%
- Break-even
- 3.5 days
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 3 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 Binance live order book, 12 min ago | 0.34 bp | 8.4 bp −$8 | 22.8 bp −$228 | 87.0 bp −$8,699 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.00 bp | 6.9 bp −$7 | 75.7 bp −$757 | 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 | −0.0651% | 4h | 149.41 | +0.044% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.19 | −0.100% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.44 | +0.067% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.55 | +0.141% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.094% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.43 | +0.060% | $474K | $54K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.35 | +0.007% | $623K | $322K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.187% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.29 | −0.033% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.33 | −0.007% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
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 | 149.22 | −0.080% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.27 | −0.047% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.31 | −0.020% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.19 | −0.100% | $699K | $894K | 10x | as long as short |
| Nado ORCL-PERP | +0.0062% | 1h | 149.22 | −0.084% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.34 | 0.000% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.44 | +0.067% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.31 | −0.020% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0129% | 8h | 149.38 | +0.027% | $240K | $278K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0168% | 8h | 149.41 | +0.045% | $1K | $162K | 10x | as long as short |
| Variational Omni ORCL | +0.0169% | 8h | 149.38 | +0.026% | $1.2M | $423K | — | as long as short |
| Gate ORCL_USDT | +0.0215% | 8h | 149.42 | +0.054% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0245% | 8h | 149.42 | +0.054% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDTlong | +0.0261% | 8h | 149.34 | long leg | $24.9M | $36.9M | 20x | |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.30 | −0.029% | $388K | $1.4M | 10x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.32 | −0.013% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0550% | 8h | 149.49 | +0.100% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0576% | 8h | 149.39 | +0.033% | $4.1M | $1.9M | 50x |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Phoenix ORCL
BloFin ORCL-USDT