Funding you earn now, next payment 03:00 UTC−0.0442%/8h= −48.5% APRpaid last 24h −0.099%
Price spread now: Polymarket Perps against Bybit−0.120%47s7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as 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−$400.396% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 7 days+0.115%+$12 · spread now −0.120%, 7d avg −0.101%
=The price spread sits at its 7-day average of −0.101%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. The two prices were read 47 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 -0.137% in total (about -7.1% 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 | Bybit ORCLUSDT | 149.39 | 0.0492 | pay 0.0492% / 8h | 5h 51m | $3.6M | $1.4M | 50x |
| Short | Polymarket Perps ORCL-USD | 149.21 | 0.0050 | get 0.0006% / 1h | 51m 40s | $131K | $90K | 10x |
Bybit ORCLUSDT
Polymarket Perps ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bybit. 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
- −$92.92
- Price spread: −0.120% → −0.101%
- −$1.99
- Slippage, 4 orders
- −$20.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$134.53
- Costs to cover
- 0.396%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Polymarket Perps: live order book, 10 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 Bybit live order book, 6 min ago | 1.67 bp | 14.4 bp −$14 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 10 min ago | 2.01 bp | 6.7 bp −$7 | 7.3 bp −$73 | 15.9 bp −$1,591 | doesn't fit |
ORCL on 27 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 | −0.0737% | 4h | 149.21 | −0.119% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.19 | −0.131% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.060% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.33 | −0.040% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.32 | −0.047% | $473K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.24 | −0.100% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.221% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.19 | −0.134% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.31 | −0.054% | — | $67K | 25x | as long as short |
| Nado ORCL-PERP | +0.0049% | 1h | 149.18 | −0.142% | $92K | $18K | 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
Nado ORCL-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.18 | −0.141% | $21.5M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USDshort | +0.0050% | 1h | 149.21 | −0.120% | $131K | $90K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.28 | −0.074% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.13 | −0.174% | $696K | $717K | 10x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.25 | −0.094% | $1.1M | $2.7M | 10x | as long as short |
| Gate ORCL_USDT | +0.0065% | 8h | 149.32 | −0.047% | $2.3M | $2.9M | 25x | as long as short |
| Bitget ORCLUSDT | +0.0093% | 8h | 149.36 | −0.020% | $7.7M | $4.0M | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.23 | −0.107% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.27 | −0.080% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0179% | 8h | 149.38 | −0.008% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0191% | 8h | 149.25 | −0.097% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.22 | −0.113% | $389K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0249% | 8h | 149.30 | −0.060% | $24.9M | $35.4M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0325% | 8h | 149.39 | 0.000% | $260K | $268K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0334% | 8h | 149.38 | −0.007% | $4.9M | $5.5M | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0492% | 8h | 149.39 | long leg | $3.6M | $1.4M | 50x | |
| Phoenix ORCL | +0.0536% | 1h | 149.21 | −0.120% | $153K | $75K | 10x | as long as short |
tradeXYZ xyz:ORCL
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Gate ORCL_USDT
Bitget ORCLUSDT
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL