Funding you earn now, next payment 00:00 UTC−0.0436%/8h= −47.8% APRnext payment −$4.36 per $10,000 · paid last 24h −0.038%
Price spread now: Binance against Bybit−0.013%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 2 days (all we have)−0.025%−$2 · spread now −0.013%, 7d avg −0.024%
=The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.36 per $10,000. 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 | Bybit ORCLUSDT | 149.10 | 0.0516 | pay 0.0516% / 8h | 41m 52s | $3.5M | $1.6M | 50x |
| Short | Binance ORCLUSDT | 149.08 | 0.0079 | get 0.0079% / 8h | 41m 52s | $24.9M | $35.6M | 20x |
Bybit ORCLUSDT
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$91.63
- Price spread: −0.013% → −0.024%
- $1.03
- Slippage, 4 orders
- −$17.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$129.52
- Costs to cover
- 0.389%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 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 Bybit live order book, 6 min ago | 1.01 bp | 12.3 bp −$12 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.67 bp | 7.7 bp −$8 | 15.9 bp −$159 | 76.5 bp −$7,653 | 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 | −0.0607% | 4h | 149.07 | −0.021% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.07 | −0.022% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 149.12 | +0.013% | $2.3M | $2.9M | 25x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.29 | +0.127% | $2K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.07 | −0.020% | $52K | $22K | 20x | as long as short |
| Variational Omni ORCL | +0.0014% | 8h | 149.03 | −0.046% | $1.3M | $314K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0028% | 8h | 149.04 | −0.041% | $2K | $196K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.09 | −0.007% | $472K | $53K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.027% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.98 | −0.080% | — | $127K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
SunX ORCL-USDT
HTX ORCL-USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.97 | −0.087% | $131K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.05 | −0.034% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.76 | −0.228% | $708K | $692K | 10x | as long as short |
| QFEX ORCL-USD | +0.0071% | 1h | 149.03 | −0.047% | $1.1M | $2.9M | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0079% | 8h | 149.08 | −0.013% | $24.9M | $35.6M | 20x | |
| Extended ORCL_24_5-USD | +0.0080% | 1h | 149.04 | −0.038% | $386K | $1.4M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.96 | −0.094% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.05 | −0.034% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0173% | 1h | 148.94 | −0.107% | $21.4M | $8.5M | 10x | as long as short |
| Nado ORCL-PERP | +0.0179% | 1h | 148.86 | −0.163% | $92K | $18K | 10x | as long as short |
| Lighter RH ORCL | +0.0184% | 1h | 149.06 | −0.027% | $620K | $462K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0192% | 8h | 149.13 | +0.020% | $259K | $236K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0267% | 8h | 149.09 | −0.007% | $4.7M | $5.7M | 20x | as long as short |
| Arcus ORCL-USD | +0.0289% | 1h | 148.96 | −0.094% | $86K | $90K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0341% | 8h | 149.09 | −0.007% | $7.4M | $4.7M | 20x | as long as short |
| BloFin ORCL-USDT | +0.0485% | 8h | 149.10 | 0.000% | $47K | $51K | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0516% | 8h | 149.10 | long leg | $3.5M | $1.6M | 50x | |
| Phoenix ORCL | +0.0538% | 1h | 148.97 | −0.087% | $149K | $84K | 10x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Extended ORCL_24_5-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
Nado ORCL-PERP
Lighter RH ORCL
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Arcus ORCL-USD
Bitget ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL