Funding you earn now, next payment 08:00 UTC−0.0226%/8h= −24.7% APRpaid last 24h −0.039%
Price spread now: Injective against Binance−0.047%77s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 0.047% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 77 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 -0.041% in total (about -2.2% 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 | Binance ORCLUSDT | 149.13 | 0.0259 | pay 0.0259% / 8h | 55m 54s | $24.9M | $36.5M | 20x |
| Short | Injective ORCL/USDC PERP | 149.06 | 0.0033 | get 0.0004% / 1h | 55m 54s | $20K | $9K | 12x |
Binance ORCLUSDT
Injective ORCL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$47.44
- Price spread: −0.047% → 0.000%
- −$4.69
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$62.16
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 16 min ago; Injective: no order-book sample. 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 Binance live order book, 16 min ago | 0.34 bp | 7.7 bp −$8 | 15.9 bp −$159 | 76.4 bp −$7,641 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0507% | 4h | 149.29 | +0.106% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.03 | −0.067% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.25 | +0.080% | $7.7M | $2.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.235% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.24 | +0.074% | $52K | $25K | 20x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.12 | −0.007% | $622K | $316K | 10x | as long as short |
| Injective ORCL/USDC PERPshort | +0.0033% | 1h | 149.06 | −0.047% | $20K | $9K | 12x | |
| Arcus ORCL-USD | +0.0040% | 1h | 149.14 | +0.007% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.11 | −0.013% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.00 | −0.087% | $21.6M | $6.9M | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH ORCL
Arcus ORCL-USD
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.05 | −0.054% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.15 | +0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.04 | −0.060% | $698K | $856K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.10 | −0.020% | $1.1M | $2.0M | 10x | as long as short |
| Lighter ORCL | +0.0088% | 1h | 149.17 | +0.027% | $476K | $59K | 10x | as long as short |
| Nado ORCL-PERP | +0.0100% | 1h | 148.98 | −0.100% | $88K | $22K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.29 | +0.107% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.08 | −0.034% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0111% | 8h | 149.19 | +0.040% | $240K | $274K | 20x | as long as short |
| Variational Omni ORCL | +0.0163% | 8h | 149.24 | +0.076% | $1.2M | $421K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0176% | 8h | 149.30 | +0.114% | $1K | $161K | 10x | as long as short |
| Gate ORCL_USDT | +0.0210% | 8h | 149.24 | +0.074% | $2.3M | $2.9M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0249% | 8h | 149.13 | 0.000% | $4.9M | $6.0M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.09 | −0.029% | $388K | $1.4M | 10x | as long as short |
| Binance ORCLUSDTlong | +0.0259% | 8h | 149.13 | long leg | $24.9M | $36.5M | 20x | |
| Phoenix ORCL | +0.0429% | 1h | 149.22 | +0.060% | $153K | $72K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0574% | 8h | 149.17 | +0.027% | $4.2M | $1.9M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0584% | 8h | 149.41 | +0.188% | $47K | $44K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Lighter ORCL
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT