Funding you earn now, next payment 08:00 UTC−0.0249%/8h= −27.2% APRnext payment −$2.49 per $10,000 · paid last 24h +0.044%
Price spread now: Bitget against OKX+0.067%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 7 days−0.083%−$8 · spread now +0.067%, 7d avg +0.037%
=The price spread pays, funding is against you. Bitget is 0.030% dearer against OKX than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.037%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.49 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 | OKX ORCL-USDT-SWAP | 149.25 | 0.0249 | pay 0.0249% / 8h | 57m 39s | $4.9M | $6.0M | 20x |
| Short | Bitget ORCLUSDT | 149.35 | 0 | get 0.0000% / 8h | 57m 39s | $7.7M | $2.8M | 20x |
OKX ORCL-USDT-SWAP
Bitget ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$52.21
- Price spread: +0.067% → +0.037%
- $3.05
- Slippage, 4 orders
- −$27.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$99.04
- Costs to cover
- 0.499%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 6 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 OKX live order book, 5 min ago | 0.67 bp | 10.3 bp −$10 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 1.67 bp | 13.8 bp −$14 | 29.1 bp −$291 | 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 | −0.0507% | 4h | 149.29 | +0.025% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.12 | −0.088% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDTshort | 0.0000% | 8h | 149.35 | +0.067% | $7.7M | $2.8M | 20x | |
| SunX ORCL-USDT | 0.0000% | 8h | 149.50 | +0.168% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.34 | +0.060% | $52K | $25K | 20x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.26 | +0.007% | $622K | $316K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.127% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.17 | −0.054% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.26 | +0.007% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.15 | −0.067% | $21.6M | $6.9M | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.18 | −0.047% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.24 | −0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.04 | −0.141% | $698K | $856K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.24 | −0.007% | $1.1M | $2.0M | 10x | as long as short |
| Nado ORCL-PERP | +0.0088% | 1h | 149.19 | −0.039% | $88K | $22K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.29 | +0.027% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.20 | −0.034% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0111% | 8h | 149.32 | +0.047% | $240K | $274K | 20x | as long as short |
| Lighter ORCL | +0.0128% | 1h | 149.30 | +0.034% | $473K | $54K | 10x | as long as short |
| Variational Omni ORCL | +0.0163% | 8h | 149.24 | −0.004% | $1.2M | $421K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0176% | 8h | 149.30 | +0.034% | $1K | $161K | 10x | as long as short |
| Gate ORCL_USDT | +0.0210% | 8h | 149.31 | +0.040% | $2.3M | $2.9M | 25x | as long as short |
| OKX ORCL-USDT-SWAPlong | +0.0249% | 8h | 149.25 | long leg | $4.9M | $6.0M | 20x | |
| Binance ORCLUSDT | +0.0259% | 8h | 149.25 | 0.000% | $24.9M | $36.5M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.20 | −0.031% | $388K | $1.4M | 10x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.21 | −0.027% | $153K | $71K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0572% | 8h | 149.30 | +0.034% | $4.1M | $1.9M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0573% | 8h | 149.41 | +0.107% | $47K | $44K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
Lighter ORCL
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT