Funding you earn now, next payment 16:00 UTC+0.0381%/8h= +41.7% APRnext payment +$3.81 per $10,000 · paid last 24h +0.096%
Price spread now: Bybit against KuCoin+0.135%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$278as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2862.863% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.135%, 7d avg +0.001%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bybit is 0.133% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.001%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.81 per $10,000. 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 | KuCoin ORCLUSDTM | 148.67 | 0.0100 | pay 0.0100% / 8h | 7h 20m | $241K | $329K | 20x |
| Short | Bybit ORCLUSDT | 148.87 | 0.0481 | get 0.0481% / 8h | 7h 20m | $4.1M | $1.8M | 50x |
KuCoin ORCLUSDTM
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- $79.92
- Price spread: +0.135% → +0.001%
- $13.32
- Slippage, 4 orders
- −$263.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$193.01
- Costs to cover
- 2.863%
- Break-even
- 23.9 days
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 2 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 KuCoin live order book, 2 min ago | 13.45 bp | 122.9 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.68 bp | 13.8 bp −$14 | 57.5 bp −$575 | 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 | −0.0881% | 4h | 148.55 | −0.083% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.70 | +0.022% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 148.92 | +0.168% | $7.7M | $2.6M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.57 | −0.069% | $1K | $148K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.08 | +0.276% | $2K | $2.6M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.67 | 0.000% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.85 | +0.121% | $475K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 148.81 | +0.094% | $603K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.262% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 148.73 | +0.040% | $86K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.69 | +0.013% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.70 | +0.020% | $130K | $70K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.82 | +0.101% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.69 | +0.013% | $711K | $840K | 10x | as long as short |
| Nado ORCL-PERP | +0.0059% | 1h | 148.64 | −0.023% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 148.80 | +0.087% | $1.1M | $1.9M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0092% | 1h | 148.71 | +0.027% | $21.7M | $6.8M | 10x | as long as short |
| KuCoin ORCLUSDTMlong | +0.0100% | 8h | 148.67 | long leg | $241K | $329K | 20x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.53 | −0.094% | $22K | $262K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.76 | +0.061% | $189 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0112% | 8h | 148.82 | +0.103% | $1.2M | $428K | — | as long as short |
| OKX ORCL-USDT-SWAP | +0.0190% | 8h | 148.84 | +0.114% | $4.9M | $5.9M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0192% | 1h | 148.82 | +0.104% | $386K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0195% | 8h | 148.86 | +0.126% | $25.1M | $36.2M | 20x | as long as short |
| Gate ORCL_USDT | +0.0326% | 8h | 148.95 | +0.188% | $2.3M | $2.9M | 25x | as long as short |
| BloFin ORCL-USDT | +0.0432% | 8h | 148.71 | +0.027% | $48K | $45K | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0481% | 8h | 148.87 | +0.135% | $4.1M | $1.8M | 50x | |
| Phoenix ORCL | +0.0537% | 1h | 148.35 | −0.215% | $152K | $73K | 10x | as long as short |
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
BloFin ORCL-USDT
Phoenix ORCL