Funding you earn now, next payment 07:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.048%
Price spread now: Ondo Perps against Binance−0.194%7-day average −0.108% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.194%, 7d avg −0.108%
=Together, before fees−0.172%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.086% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.108%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% 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 | Binance ORCLUSDT | 149.55 | 0.0275 | pay 0.0275% / 8h | 1h 51m | $25.0M | $36.7M | 20x |
| Short | Ondo Perps ORCL-USD.P | 149.26 | 0.0050 | get 0.0006% / 1h | 51m 01s | $699K | $894K | 10x |
Binance ORCLUSDT
Ondo Perps ORCL-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Binance. 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
- −$47.07
- Price spread: −0.194% → −0.108%
- −$8.57
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$70.64
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 6 min ago; Ondo Perps: no order-book sample. 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 Binance live order book, 6 min ago | 0.34 bp | 7.0 bp −$7 | 17.0 bp −$170 | 75.8 bp −$7,576 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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 | −0.0736% | 4h | 149.45 | −0.064% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.38 | −0.115% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.62 | +0.047% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.76 | +0.140% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.68 | +0.087% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.58 | +0.020% | $474K | $51K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.328% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.41 | −0.094% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.49 | −0.040% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.44 | −0.074% | $131K | $92K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.50 | −0.034% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.Pshort | +0.0050% | 1h | 149.26 | −0.194% | $699K | $894K | 10x | |
| QFEX ORCL-USD | +0.0065% | 1h | 149.47 | −0.054% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.47 | −0.054% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.50 | −0.034% | $190 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0116% | 1h | 149.36 | −0.127% | $88K | $22K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0130% | 1h | 149.40 | −0.100% | $21.7M | $6.9M | 10x | as long as short |
| Lighter RH ORCL | +0.0144% | 1h | 149.52 | −0.020% | $623K | $322K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0174% | 8h | 149.59 | +0.027% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0183% | 8h | 149.45 | −0.068% | $1.2M | $423K | — | as long as short |
| KuCoin ORCLUSDTM | +0.0194% | 8h | 149.39 | −0.107% | $240K | $283K | 20x | as long as short |
| Gate ORCL_USDT | +0.0245% | 8h | 149.60 | +0.033% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0272% | 1h | 149.53 | −0.011% | $388K | $1.6M | 10x | as long as short |
| Binance ORCLUSDTlong | +0.0275% | 8h | 149.55 | long leg | $25.0M | $36.7M | 20x | |
| OKX ORCL-USDT-SWAP | +0.0284% | 8h | 149.56 | +0.007% | $4.9M | $6.0M | 20x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.33 | −0.147% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0616% | 8h | 149.60 | +0.033% | $4.1M | $1.9M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0634% | 8h | 149.62 | +0.047% | $47K | $44K | 20x | as long as short |
SoDEX ORCL-USD
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
tradeXYZ xyz:ORCL
Lighter RH ORCL
GRVT ORCL_USDT_Perp
Variational Omni ORCL
KuCoin ORCLUSDTM
Gate ORCL_USDT
Extended ORCL_24_5-USD
OKX ORCL-USDT-SWAP
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT