Funding you earn now, next payment 07:00 UTC−0.0551%/8h= −60.3% APRpaid last 24h −0.099%
Price spread now: Polymarket Perps against Bybit−0.060%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 7 days−0.134%−$13 · spread now −0.060%, 7d avg −0.103%
=The price spread pays, funding is against you. Polymarket Perps is 0.043% dearer against Bybit than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.103%): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.137% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.1% 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 | 149.45 | 0.0601 | pay 0.0601% / 8h | 1h 41m | $4.1M | $1.9M | 50x |
| Short | Polymarket Perps ORCL-USD | 149.36 | 0.0050 | get 0.0006% / 1h | 41m 18s | $131K | $92K | 10x |
Bybit ORCLUSDT
Polymarket Perps ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$115.71
- Price spread: −0.060% → −0.103%
- $4.26
- Slippage, 4 orders
- −$19.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$150.19
- Costs to cover
- 0.387%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Polymarket Perps: live order book, just now.
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 | 1.00 bp | 12.6 bp −$13 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, just now | 2.01 bp | 8.6 bp −$9 | 9.2 bp −$92 | 17.0 bp −$1,704 | 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 | −0.0291% | 4h | 149.41 | −0.025% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.31 | −0.091% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.50 | +0.033% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.63 | +0.120% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.57 | +0.080% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.52 | +0.047% | $475K | $51K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.261% | $20K | $9K | 12x | as long as short |
| Lighter RH ORCL | +0.0040% | 1h | 149.43 | −0.013% | $623K | $322K | 10x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.35 | −0.067% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.45 | 0.000% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Lighter RH ORCL
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USDshort | +0.0050% | 1h | 149.36 | −0.060% | $131K | $92K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.39 | −0.040% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.27 | −0.120% | $699K | $894K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.40 | −0.033% | $1.1M | $2.0M | 10x | as long as short |
| Nado ORCL-PERP | +0.0070% | 1h | 149.35 | −0.065% | $88K | $22K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0070% | 1h | 149.27 | −0.120% | $21.6M | $6.9M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.27 | −0.120% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.36 | −0.060% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0170% | 8h | 149.37 | −0.054% | $240K | $281K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0172% | 8h | 149.42 | −0.020% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0184% | 8h | 149.40 | −0.031% | $1.2M | $423K | — | as long as short |
| Gate ORCL_USDT | +0.0243% | 8h | 149.48 | +0.020% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.37 | −0.051% | $388K | $1.6M | 10x | as long as short |
| Binance ORCLUSDT | +0.0267% | 8h | 149.41 | −0.028% | $24.9M | $36.8M | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0267% | 8h | 149.39 | −0.040% | $4.9M | $6.0M | 20x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.37 | −0.054% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0580% | 8h | 149.40 | −0.033% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0601% | 8h | 149.45 | long leg | $4.1M | $1.9M | 50x |
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
KuCoin ORCLUSDTM
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT