Funding you earn now, next payment 16:00 UTC−0.0479%/8h= −52.5% APRnext payment −$4.79 per $10,000 · paid last 24h −0.067%
Price spread now: OKX against Bybit−0.087%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$590.587% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days+0.115%+$11 · spread now −0.087%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and OKX is 0.078% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.79 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 | 149.53 | 0.0686 | pay 0.0686% / 8h | 6h 56m | $4.1M | $1.8M | 50x |
| Short | OKX ORCL-USDT-SWAP | 149.40 | 0.0207 | get 0.0207% / 8h | 6h 56m | $5.0M | $6.0M | 20x |
Bybit ORCLUSDT
OKX ORCL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$100.68
- Price spread: −0.087% → −0.009%
- −$7.81
- Slippage, 4 orders
- −$37.69
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$167.18
- Costs to cover
- 0.587%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 1.67 bp | 19.7 bp −$20 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.67 bp | 11.9 bp −$12 | 22.6 bp −$226 | doesn't fit | 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 | −0.0336% | 4h | 149.37 | −0.104% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.21 | −0.216% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.48 | −0.033% | $7.7M | $2.5M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.59 | +0.040% | $3K | $2.5M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.48 | −0.033% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.45 | −0.054% | $477K | $59K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.314% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.36 | −0.114% | — | $55K | 25x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.36 | −0.114% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.18 | −0.234% | $715K | $838K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
SoDEX ORCL-USD
Ondo Perps ORCL-USD.PShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0073% | 1h | 149.30 | −0.154% | $131K | $70K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.30 | −0.154% | $1.1M | $1.9M | 10x | as long as short |
| Lighter RH ORCL | +0.0088% | 1h | 149.38 | −0.100% | $607K | $277K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.40 | −0.087% | $242K | $356K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.22 | −0.207% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.36 | −0.114% | $190 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0141% | 1h | 149.16 | −0.250% | $88K | $22K | 10x | as long as short |
| Variational Omni ORCL | +0.0155% | 8h | 149.36 | −0.115% | $1.2M | $416K | — | as long as short |
| OKX ORCL-USDT-SWAPshort | +0.0207% | 8h | 149.40 | −0.087% | $5.0M | $6.0M | 20x | |
| Binance ORCLUSDT | +0.0261% | 8h | 149.43 | −0.067% | $25.2M | $35.8M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.41 | −0.081% | $388K | $2.1M | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0280% | 8h | 149.35 | −0.120% | $1K | $144K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0285% | 1h | 149.28 | −0.167% | $21.8M | $6.8M | 10x | as long as short |
| Gate ORCL_USDT | +0.0325% | 8h | 149.53 | 0.000% | $2.3M | $2.8M | 25x | as long as short |
| Arcus ORCL-USD | +0.0415% | 1h | 149.23 | −0.201% | $86K | $79K | 10x | as long as short |
| Phoenix ORCL | +0.0537% | 1h | 149.30 | −0.154% | $153K | $72K | 10x | as long as short |
| Bybit ORCLUSDTlong | +0.0686% | 8h | 149.53 | long leg | $4.1M | $1.8M | 50x | |
| BloFin ORCL-USDT | +0.0705% | 8h | 149.34 | −0.127% | $48K | $45K | 20x | as long as short |
Polymarket Perps ORCL-USD
QFEX ORCL-USD
Lighter RH ORCL
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
GRVT ORCL_USDT_Perp
tradeXYZ xyz:ORCL
Gate ORCL_USDT
Arcus ORCL-USD
Phoenix ORCL
BloFin ORCL-USDT