Funding you earn now, next payment 03:00 UTC−0.0524%/8h= −57.4% APRpaid last 24h −0.093%
Price spread now: tradeXYZ against Bybit−0.160%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days+0.105%+$10 · spread now −0.160%, 7d avg −0.113%
=Together, before fees−0.038%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and tradeXYZ is 0.048% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.5% 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 | 149.55 | 0.0574 | pay 0.0574% / 8h | 5h 23m | $3.7M | $1.5M | 50x |
| Short | tradeXYZ xyz:ORCL | 149.31 | 0.0050 | get 0.0006% / 1h | 23m 40s | $21.5M | $6.8M | 10x |
Bybit ORCLUSDT
tradeXYZ xyz:ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$110.08
- Price spread: −0.160% → −0.113%
- −$4.78
- Slippage, 4 orders
- −$17.25
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$161.12
- Costs to cover
- 0.463%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; tradeXYZ: live order book, 4 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, 4 min ago | 1.67 bp | 11.4 bp −$11 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.34 bp | 12.4 bp −$12 | 16.1 bp −$161 | 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 | −0.0327% | 4h | 149.36 | −0.126% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.25 | −0.201% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.65 | +0.067% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.53 | −0.013% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.47 | −0.053% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.44 | −0.074% | $622K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.328% | $20K | $12K | 12x | as long as short |
| Bitget ORCLUSDT | +0.0038% | 8h | 149.53 | −0.013% | $7.7M | $4.0M | 20x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.32 | −0.154% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.40 | −0.100% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Bitget ORCLUSDT
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:ORCLshort | +0.0050% | 1h | 149.31 | −0.160% | $21.5M | $6.8M | 10x | |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.34 | −0.140% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.40 | −0.100% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.12 | −0.288% | $698K | $723K | 10x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.40 | −0.100% | $1.1M | $2.6M | 10x | as long as short |
| Gate ORCL_USDT | +0.0064% | 8h | 149.50 | −0.033% | $2.3M | $2.9M | 25x | as long as short |
| Nado ORCL-PERP | +0.0074% | 1h | 149.25 | −0.202% | $92K | $18K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.41 | −0.094% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.41 | −0.094% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0164% | 8h | 149.39 | −0.107% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0184% | 8h | 149.41 | −0.091% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.43 | −0.083% | $389K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0260% | 8h | 149.46 | −0.061% | $24.9M | $35.4M | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0340% | 8h | 149.43 | −0.080% | $4.9M | $5.5M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0345% | 8h | 149.55 | 0.000% | $261K | $269K | 20x | as long as short |
| Phoenix ORCL | +0.0536% | 1h | 149.27 | −0.187% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDTlong | +0.0574% | 8h | 149.55 | long leg | $3.7M | $1.5M | 50x | |
| BloFin ORCL-USDT | +0.0577% | 8h | 149.48 | −0.047% | $47K | $43K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Gate ORCL_USDT
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
OKX ORCL-USDT-SWAP
KuCoin ORCLUSDTM
Phoenix ORCL
BloFin ORCL-USDT