Funding you earn now, next payment 03:00 UTC−0.0521%/8h= −57.1% APRpaid last 24h −0.081%
Price spread now: Injective against Bybit−0.321%68s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 0.321% cheaper against Bybit than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 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 -0.135% in total (about -7.0% 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 | Bybit ORCLUSDT | 149.54 | 0.0555 | pay 0.0555% / 8h | 5h 26m | $3.7M | $1.5M | 50x |
| Short | Injective ORCL/USDC PERP | 149.06 | 0.0033 | get 0.0004% / 1h | 26m 10s | $20K | $12K | 12x |
Bybit ORCLUSDT
Injective ORCL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$109.5
- Price spread: −0.321% → 0.000%
- −$32.1
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$152.61
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Injective: 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 Bybit live order book, 1 min ago | 1.67 bp | 11.4 bp −$11 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0481% | 4h | 149.45 | −0.059% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.21 | −0.217% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.067% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.32 | −0.147% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.39 | −0.100% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.34 | −0.134% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERPshort | +0.0033% | 1h | 149.06 | −0.321% | $20K | $12K | 12x | |
| Arcus ORCL-USD | +0.0040% | 1h | 149.31 | −0.154% | $87K | $79K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0041% | 8h | 149.47 | −0.047% | $7.7M | $4.0M | 20x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.42 | −0.080% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Arcus ORCL-USD
Bitget ORCLUSDT
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 | 149.27 | −0.181% | $21.5M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.34 | −0.134% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.39 | −0.100% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.24 | −0.201% | $698K | $723K | 10x | as long as short |
| Gate ORCL_USDT | +0.0056% | 8h | 149.49 | −0.033% | $2.3M | $2.9M | 25x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.36 | −0.120% | $1.1M | $2.6M | 10x | as long as short |
| Nado ORCL-PERP | +0.0070% | 1h | 149.19 | −0.231% | $92K | $18K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.39 | −0.100% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.38 | −0.107% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0154% | 8h | 149.39 | −0.101% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0178% | 8h | 149.50 | −0.024% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0253% | 8h | 149.45 | −0.063% | $24.9M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.38 | −0.104% | $387K | $1.3M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0337% | 8h | 149.47 | −0.047% | $4.9M | $5.5M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0340% | 8h | 149.54 | 0.000% | $260K | $268K | 20x | as long as short |
| Phoenix ORCL | +0.0536% | 1h | 149.27 | −0.181% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0554% | 8h | 149.48 | −0.040% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0555% | 8h | 149.54 | long leg | $3.7M | $1.5M | 50x |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Gate ORCL_USDT
QFEX ORCL-USD
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
OKX ORCL-USDT-SWAP
KuCoin ORCLUSDTM
Phoenix ORCL
BloFin ORCL-USDT