Funding you earn now, next payment 06:00 UTC+0.0590%/8h= +64.6% APRpaid last 24h +0.088%
Price spread now: Bybit against Injective+0.275%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.135%+$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bybit is 0.275% dearer against Injective than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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 0.135% in total (about 7.0% 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 | Injective ORCL/USDC PERP | 149.06 | 0.0033 | pay 0.0004% / 1h | 4m 40s | $20K | $12K | 12x |
| Short | Bybit ORCLUSDT | 149.47 | 0.0623 | get 0.0623% / 8h | 2h 04m | $4.1M | $1.9M | 50x |
Injective ORCL/USDC PERP
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $123.86
- Price spread: +0.275% → 0.000%
- $27.51
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $140.35
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 1.00 bp | 11.8 bp −$12 | 25.1 bp −$251 | doesn't fit | doesn't fit |
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 | −0.0885% | 4h | 149.45 | +0.264% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.34 | +0.187% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.50 | +0.295% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.71 | +0.436% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.55 | +0.329% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.52 | +0.309% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.42 | +0.242% | $623K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERPlong | +0.0033% | 1h | 149.06 | long leg | $20K | $12K | 12x | |
| Arcus ORCL-USD | +0.0040% | 1h | 149.36 | +0.201% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.54 | +0.322% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
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 | 149.32 | +0.174% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.40 | +0.228% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.46 | +0.268% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.26 | +0.134% | $695K | $885K | 10x | as long as short |
| Nado ORCL-PERP | +0.0058% | 1h | 149.34 | +0.190% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.41 | +0.235% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.38 | +0.215% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.46 | +0.268% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0170% | 8h | 149.50 | +0.292% | $1K | $164K | 10x | as long as short |
| Variational Omni ORCL | +0.0188% | 8h | 149.45 | +0.264% | $1.2M | $423K | — | as long as short |
| KuCoin ORCLUSDTM | +0.0222% | 8h | 149.53 | +0.315% | $240K | $284K | 20x | as long as short |
| Gate ORCL_USDT | +0.0246% | 8h | 149.49 | +0.288% | $2.3M | $3.1M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0272% | 1h | 149.38 | +0.213% | $388K | $1.6M | 10x | as long as short |
| Binance ORCLUSDT | +0.0273% | 8h | 149.42 | +0.238% | $25.0M | $35.8M | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0297% | 8h | 149.45 | +0.262% | $4.9M | $6.0M | 20x | as long as short |
| Phoenix ORCL | +0.0428% | 1h | 149.36 | +0.201% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0623% | 8h | 149.47 | +0.275% | $4.1M | $1.9M | 50x | |
| BloFin ORCL-USDT | +0.0626% | 8h | 149.49 | +0.288% | $47K | $44K | 20x | as long as short |
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
GRVT ORCL_USDT_Perp
Variational Omni ORCL
KuCoin ORCLUSDTM
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT