Funding you earn now, next payment 01:00 UTC+0.0521%/8h= +57.1% APRpaid last 24h +0.099%
Price spread now: Bybit against Ondo Perps+0.194%7-day average +0.115% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.194%, 7d avg +0.115%
=Together, before fees+0.117%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Bybit is 0.079% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.115%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.3% 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 | Ondo Perps ORCL-USD.P | 149.39 | 0.0050 | pay 0.0006% / 1h | 48m 00s | $702K | $705K | 10x |
| Short | Bybit ORCLUSDT | 149.68 | 0.0572 | get 0.0572% / 8h | 7h 48m | $3.5M | $1.4M | 50x |
Ondo Perps ORCL-USD.P
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $109.46
- Price spread: +0.194% → +0.115%
- $7.87
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $101.34
- Costs to cover
- 0.160%
- Break-even
- 0.5 days
Slippage unknown: Ondo Perps: no order-book sample; Bybit: 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 Bybit live order book, 4 min ago | 0.34 bp | 13.9 bp −$14 | 30.8 bp −$308 | doesn't fit | 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 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 | −0.0886% | 4h | 149.38 | −0.008% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.63 | +0.162% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.87 | +0.321% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.013% | $52K | $22K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.70 | +0.208% | $474K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.63 | +0.161% | $622K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.221% | $20K | $12K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.56 | +0.114% | — | $127K | 25x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.61 | +0.147% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.Plong | +0.0050% | 1h | 149.39 | long leg | $702K | $705K | 10x |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ORCL-PERP | +0.0051% | 1h | 149.43 | +0.028% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.56 | +0.114% | $1.1M | $2.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0099% | 1h | 149.54 | +0.100% | $131K | $93K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.22 | −0.114% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.57 | +0.120% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0143% | 8h | 149.30 | −0.059% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0166% | 8h | 149.65 | +0.174% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0190% | 8h | 149.36 | −0.019% | $1K | $192K | 10x | as long as short |
| Binance ORCLUSDT | +0.0197% | 8h | 149.64 | +0.166% | $25.1M | $35.1M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0200% | 1h | 149.61 | +0.148% | $386K | $1.6M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0212% | 1h | 149.49 | +0.067% | $21.5M | $7.0M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0289% | 8h | 149.53 | +0.094% | $260K | $251K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0322% | 8h | 149.66 | +0.181% | $4.8M | $5.5M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0405% | 8h | 149.69 | +0.201% | $7.6M | $4.1M | 20x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.35 | −0.027% | $87K | $80K | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0572% | 8h | 149.68 | +0.194% | $3.5M | $1.4M | 50x | |
| BloFin ORCL-USDT | +0.0583% | 8h | 149.35 | −0.027% | $47K | $51K | 20x | as long as short |
| Phoenix ORCL | +0.0697% | 1h | 149.31 | −0.054% | $150K | $84K | 10x | as long as short |
Nado ORCL-PERP
QFEX ORCL-USD
Polymarket Perps ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
Extended ORCL_24_5-USD
tradeXYZ xyz:ORCL
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
Arcus ORCL-USD
BloFin ORCL-USDT
Phoenix ORCL