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Funding arb · Price arb /

ORCL

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0222%/8h= −24.3% APRnext payment −$0.28 per $10,000 · paid last 24h −0.052%
Price spread now: Polymarket Perps against Extended+0.011%7-day average −0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Long on ExtendedShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.063%−$6 on $10k
Price spread, last 7 days−0.296%−$30 · spread now +0.011%, 7d avg −0.088%
Together, before fees−0.358%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.098% dearer against Extended than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.088%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.063% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ORCL_24_5-USD149.030.0272pay 0.0034% / 1h2m 09s$390K$2.1M10x
ShortPolymarket Perps ORCL-USD149.050.0050get 0.0006% / 1h2m 09s$131K$81K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$46.62
Price spread: +0.011% → −0.088%
$9.81
Slippage, 4 orders
−$16.83
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$66.64
Costs to cover
0.298%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Polymarket Perps: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 1 min ago0.67 bp7.3 bp −$764.7 bp −$647doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 35 min ago2.68 bp8.6 bp −$98.8 bp −$88doesn't fitdoesn't fit

ORCL on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0768%4h149.12+0.059%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.21+0.121%$98K$20K20xas long as short
Bitget ORCLUSDT0.0000%8h149.19+0.105%$7.7M$2.7M20xas long as short
SunX ORCL-USDT0.0000%8h149.31+0.185%$3K$2.6M10xas long as short
HTX ORCL-USDT0.0000%8h149.12+0.058%$52K$25K20xas long as short
Lighter ORCL+0.0032%1h149.12+0.058%$476K$59K10xas long as short
Lighter RH ORCL+0.0032%1h149.08+0.031%$622K$320K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06+0.017%$20K$9K12xas long as short
Arcus ORCL-USD+0.0040%1h149.02−0.010%$86K$79K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.04+0.004%—$67K25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:ORCL+0.0050%1h149.00−0.023%$21.7M$6.9M10xas long as short
Polymarket Perps ORCL-USDshort+0.0050%1h149.05+0.011%$131K$81K10x
SoDEX ORCL-USD+0.0050%1h149.09+0.037%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h148.93−0.070%$710K$873K10xas long as short
QFEX ORCL-USD+0.0057%1h149.11+0.051%$1.1M$2.0M10xas long as short
Nado ORCL-PERP+0.0059%1h148.92−0.080%$88K$22K10xas long as short
KuCoin ORCLUSDTM+0.0100%8h149.16+0.084%$241K$281K20xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.00−0.023%$22K$264K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.07+0.024%$190—10xas long as short
Variational Omni ORCL+0.0173%8h149.07+0.024%$1.2M$424K—as long as short
GRVT ORCL_USDT_Perp+0.0189%8h149.11+0.051%$1K$154K10xas long as short
Gate ORCL_USDT+0.0202%8h149.18+0.098%$2.3M$3.0M25xas long as short
OKX ORCL-USDT-SWAP+0.0221%8h149.08+0.031%$4.9M$6.0M20xas long as short
Binance ORCLUSDT+0.0270%8h149.07+0.024%$25.1M$36.7M20xas long as short
Extended ORCL_24_5-USDlong+0.0272%1h149.03long leg$390K$2.1M10x
Phoenix ORCL+0.0483%1h149.05+0.011%$152K$72K10xas long as short
BloFin ORCL-USDT+0.0545%8h149.18+0.098%$47K$45K20xas long as short
Bybit ORCLUSDT+0.0550%8h149.10+0.044%$4.1M$1.9M50xas long as short