Funding you earn now, next payment 10:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.065%
Price spread now: Binance against Ondo Perps+0.201%7-day average +0.109% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.201%, 7d avg +0.109%
=Together, before fees+0.112%+ Points / potential airdropOndo Perps: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.091% dearer against Ondo Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.109%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ORCL-USD.P | 149.08 | 0.0050 | pay 0.0006% / 1h | 16m 14s | $698K | $845K | 10x |
| Short | Binance ORCLUSDT | 149.38 | 0.0305 | get 0.0305% / 8h | 6h 16m | $25.2M | $35.2M | 20x |
Ondo Perps ORCL-USD.P
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Ondo Perps. 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
- $53.37
- Price spread: +0.201% → +0.109%
- $9.11
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $47.48
- Costs to cover
- 0.150%
- Break-even
- 0.8 days
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 4 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.67 bp | 8.5 bp −$8 | 16.4 bp −$164 | 70.7 bp −$7,075 | doesn't fit |
Ondo Perps: 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 exchanges
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 | −0.0692% | 4h | 149.30 | +0.151% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.50 | +0.282% | $98K | $22K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.47 | +0.262% | $7.7M | $2.4M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.60 | +0.349% | $3K | $2.4M | 10x | as long as short |
| HTX ORCL-USDT | +0.0013% | 8h | 149.38 | +0.201% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.39 | +0.208% | $477K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.33 | +0.168% | $613K | $285K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.013% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.28 | +0.134% | — | $43K | 25x | as long as short |
| Nado ORCL-PERP | +0.0049% | 1h | 149.18 | +0.066% | $88K | $22K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Nado ORCL-PERPShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.29 | +0.141% | $131K | $69K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.33 | +0.168% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.Plong | +0.0050% | 1h | 149.08 | long leg | $698K | $845K | 10x | |
| QFEX ORCL-USD | +0.0075% | 1h | 149.34 | +0.174% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.39 | +0.208% | $243K | $401K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.38 | +0.201% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.34 | +0.174% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0130% | 1h | 149.26 | +0.121% | $21.8M | $6.7M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0201% | 8h | 149.35 | +0.181% | $5.0M | $5.9M | 20x | as long as short |
| Variational Omni ORCL | +0.0208% | 8h | 149.33 | +0.171% | $1.2M | $400K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0304% | 1h | 149.34 | +0.172% | $387K | $2.1M | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0305% | 8h | 149.38 | +0.201% | $25.2M | $35.2M | 20x | |
| Gate ORCL_USDT | +0.0345% | 8h | 149.47 | +0.262% | $2.3M | $2.8M | 25x | as long as short |
| Arcus ORCL-USD | +0.0415% | 1h | 149.25 | +0.114% | $86K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0431% | 8h | 149.35 | +0.181% | $1K | $140K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0553% | 8h | 149.47 | +0.262% | $48K | $45K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0577% | 8h | 149.46 | +0.255% | $4.1M | $1.8M | 50x | as long as short |
| Phoenix ORCL | +0.0589% | 1h | 149.27 | +0.127% | $153K | $72K | 10x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
OKX ORCL-USDT-SWAP
Variational Omni ORCL
Extended ORCL_24_5-USD
Gate ORCL_USDT
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
BloFin ORCL-USDT
Bybit ORCLUSDT
Phoenix ORCL