Funding you earn now, next payment 00:00 UTC−0.0500%/8h= −54.8% APRnext payment −$5.00 per $10,000 · paid last 24h −0.058%
Price spread now: Variational Omni against Bybit−0.039%7-day average −0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.094%−$9 on $10k
+Price spread, last 7 days−0.005%−$1 · spread now −0.039%, 7d avg −0.006%
=Together, before fees−0.099%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Variational Omni is 0.033% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.094% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.00 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 | 149.09 | 0.0514 | pay 0.0514% / 8h | 44m 13s | $3.5M | $1.6M | 50x |
| Short | Variational Omni ORCL | 149.03 | 0.0014 | get 0.0014% / 8h | 44m 13s | $1.3M | $314K | — |
Bybit ORCLUSDT
Variational Omni ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$105.02
- Price spread: −0.039% → −0.006%
- −$3.32
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$119.34
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 5 min ago. 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, 3 min ago | 1.01 bp | 12.3 bp −$12 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 3.72 bp | doesn't fit | 15.4 bp −$154 | 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 | −0.0282% | 4h | 149.01 | −0.053% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.04 | −0.034% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 149.10 | +0.007% | $2.3M | $2.9M | 25x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.28 | +0.127% | $2K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.07 | −0.013% | $52K | $22K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0013% | 8h | 149.02 | −0.048% | $2K | $198K | 10x | as long as short |
| Variational Omni ORCLshort | +0.0014% | 8h | 149.03 | −0.039% | $1.3M | $314K | — | |
| Lighter ORCL | +0.0032% | 1h | 149.09 | 0.000% | $472K | $53K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.020% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.94 | −0.101% | — | $127K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
SunX ORCL-USDT
HTX ORCL-USDT
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 | 148.96 | −0.087% | $131K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.07 | −0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.82 | −0.181% | $708K | $693K | 10x | as long as short |
| QFEX ORCL-USD | +0.0071% | 1h | 149.03 | −0.040% | $1.1M | $2.9M | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0072% | 1h | 149.05 | −0.029% | $386K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | +0.0073% | 8h | 149.08 | −0.008% | $24.9M | $35.6M | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.88 | −0.141% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.03 | −0.040% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0161% | 1h | 148.90 | −0.127% | $21.4M | $8.5M | 10x | as long as short |
| Lighter RH ORCL | +0.0176% | 1h | 149.04 | −0.034% | $620K | $462K | 10x | as long as short |
| Nado ORCL-PERP | +0.0177% | 1h | 148.85 | −0.160% | $92K | $18K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0186% | 8h | 149.14 | +0.034% | $259K | $235K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0261% | 8h | 149.10 | +0.007% | $4.7M | $5.7M | 20x | as long as short |
| Arcus ORCL-USD | +0.0289% | 1h | 148.96 | −0.087% | $86K | $90K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0337% | 8h | 149.09 | 0.000% | $7.4M | $4.7M | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0514% | 8h | 149.09 | long leg | $3.5M | $1.6M | 50x | |
| BloFin ORCL-USDT | +0.0530% | 8h | 149.04 | −0.034% | $2K | $51K | 20x | as long as short |
| Phoenix ORCL | +0.0538% | 1h | 148.90 | −0.127% | $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
Binance ORCLUSDT
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
Lighter RH ORCL
Nado ORCL-PERP
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Arcus ORCL-USD
Bitget ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL