Funding you earn now, next payment 07:00 UTC+0.0204%/8h= +22.4% APRpaid last 24h +0.048%
Price spread now: Binance against Polymarket Perps+0.025%46s7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.302% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 7 days+0.177%+$18 · spread now +0.025%, 7d avg +0.097%
=Funding pays, the price is against you. Binance is 0.071% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.097%). If the spread goes back, that is −$7 on $10k: about 28 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.043% in total) that is about 12 days. The two prices were read 46 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 0.043% in total (about 2.2% 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 | Polymarket Perps ORCL-USD | 149.31 | 0.0050 | pay 0.0006% / 1h | 26m 34s | $131K | $92K | 10x |
| Short | Binance ORCLUSDT | 149.35 | 0.0254 | get 0.0254% / 8h | 1h 26m | $24.9M | $36.9M | 20x |
Polymarket Perps ORCL-USD
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Polymarket 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
- $42.87
- Price spread: +0.025% → +0.097%
- −$7.15
- Slippage, 4 orders
- −$12.22
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $5.49
- Costs to cover
- 0.302%
- Break-even
- 6.1 days
Slippage from Polymarket Perps: live order book, 15 min ago; Binance: live order book, 15 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 Polymarket Perps live order book, 15 min ago | 2.01 bp | 6.0 bp −$6 | 7.0 bp −$70 | 12.4 bp −$1,245 | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.34 bp | 7.4 bp −$7 | 15.3 bp −$153 | 77.3 bp −$7,732 | 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 | −0.0893% | 4h | 149.47 | +0.107% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.24 | −0.048% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.42 | +0.074% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.59 | +0.188% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.55 | +0.161% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.43 | +0.080% | $474K | $54K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.37 | +0.040% | $622K | $322K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.167% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.28 | −0.020% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.41 | +0.067% | — | $67K | 25x | 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
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 | 149.22 | −0.060% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USDlong | +0.0050% | 1h | 149.31 | long leg | $131K | $92K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.36 | +0.033% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.16 | −0.100% | $698K | $894K | 10x | as long as short |
| Nado ORCL-PERP | +0.0060% | 1h | 149.30 | −0.005% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.34 | +0.020% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.43 | +0.080% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.34 | +0.020% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0140% | 8h | 149.38 | +0.047% | $240K | $280K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0159% | 8h | 149.39 | +0.054% | $1K | $162K | 10x | as long as short |
| Variational Omni ORCL | +0.0162% | 8h | 149.39 | +0.053% | $1.2M | $423K | — | as long as short |
| Gate ORCL_USDT | +0.0220% | 8h | 149.42 | +0.074% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0244% | 8h | 149.36 | +0.033% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDTshort | +0.0254% | 8h | 149.35 | +0.025% | $24.9M | $36.9M | 20x | |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.32 | +0.006% | $391K | $1.4M | 10x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.43 | +0.080% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0557% | 8h | 149.38 | +0.047% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0571% | 8h | 149.38 | +0.047% | $4.1M | $1.9M | 50x | as long as short |
tradeXYZ xyz:ORCL
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT