Funding you earn now, next payment 02:00 UTC+0.0216%/8h= +23.6% APRpaid last 24h −0.027%
Price spread now: Binance against Arcus+0.040%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.040% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus ORCL-USD | 149.28 | 0.0040 | pay 0.0005% / 1h | 17m 02s | $86K | $80K | 10x |
| Short | Binance ORCLUSDT | 149.34 | 0.0256 | get 0.0256% / 8h | 6h 17m | $24.9M | $35.3M | 20x |
Arcus ORCL-USD
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Arcus. 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
- $45.3
- Price spread: +0.040% → 0.000%
- $4.02
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $34.82
- Costs to cover
- 0.145%
- Break-even
- 1.6 days
Slippage unknown: Arcus: no order-book sample; Binance: live order book, 10 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 Arcus no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 10 min ago | 0.34 bp | 8.8 bp −$9 | 18.6 bp −$186 | 81.3 bp −$8,127 | doesn't fit |
Arcus: 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 27 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 | −0.0864% | 4h | 149.33 | +0.036% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.21 | −0.048% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.56 | +0.188% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.134% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.48 | +0.134% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.35 | +0.047% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.147% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USDlong | +0.0040% | 1h | 149.28 | long leg | $86K | $80K | 10x | |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.35 | +0.047% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.27 | −0.007% | $131K | $90K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.32 | +0.027% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.15 | −0.087% | $711K | $679K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.29 | +0.007% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0078% | 1h | 149.21 | −0.044% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0095% | 1h | 149.24 | −0.027% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.25 | −0.020% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.33 | +0.033% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0140% | 8h | 149.41 | +0.087% | $2.3M | $2.9M | 25x | as long as short |
| Bitget ORCLUSDT | +0.0176% | 8h | 149.45 | +0.114% | $7.7M | $4.0M | 20x | as long as short |
| Variational Omni ORCL | +0.0195% | 8h | 149.40 | +0.082% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0204% | 8h | 149.39 | +0.072% | $2K | $180K | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0256% | 8h | 149.34 | +0.040% | $24.9M | $35.3M | 20x | |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.30 | +0.014% | $387K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0316% | 8h | 149.46 | +0.121% | $261K | $264K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0339% | 8h | 149.39 | +0.074% | $4.9M | $5.6M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0529% | 8h | 149.44 | +0.107% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.34 | +0.040% | $153K | $75K | 10x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Bitget ORCLUSDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
Phoenix ORCL