Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.066%
Price spread now: Orderly against Gate−0.020%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Orderly is 0.020% cheaper against Gate than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORCL_USDT | 148.63 | 0 | get 0.0000% / 8h | 3h 32m | $2.2M | $3.1M | 25x |
| Short | Orderly PERP_ORCL_USDC_mythos | 148.60 | 0.0100 | get 0.0100% / 8h | 3h 32m | $189 | — | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Gate. 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
- $21
- Price spread: −0.020% → 0.000%
- −$2.02
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$2.02
- Costs to cover
- 0.210%
- Break-even
- 7.7 days
Slippage unknown: Gate: live order book, 2 min ago; Orderly: 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 Gate live order book, 2 min ago | 2.69 bp | 20.6 bp −$21 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0523% | 4h | 148.63 | −0.002% | $29K | $214K | 10x | as long as short |
| Gate ORCL_USDTlong | 0.0000% | 8h | 148.63 | long leg | $2.2M | $3.1M | 25x | |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.62 | −0.007% | $2K | $202K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 148.81 | +0.121% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.63 | 0.000% | $52K | $22K | 20x | as long as short |
| Variational Omni ORCL | +0.0032% | 8h | 148.60 | −0.022% | $1.3M | $221K | — | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.68 | +0.034% | $471K | $52K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 148.61 | −0.013% | $621K | $467K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.289% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.54 | −0.061% | — | $127K | 25x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ORCLUSDT | +0.0046% | 8h | 148.76 | +0.087% | $93K | $16K | 20x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.52 | −0.074% | $21.5M | $8.7M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.51 | −0.081% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.57 | −0.040% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.39 | −0.161% | $736K | $626K | 10x | as long as short |
| QFEX ORCL-USD | +0.0061% | 1h | 148.56 | −0.047% | $1.1M | $2.7M | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0096% | 1h | 148.58 | −0.034% | $385K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | +0.0099% | 8h | 148.61 | −0.016% | $24.7M | $36.0M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.67 | +0.027% | $257K | $171K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.60 | −0.020% | $22K | $268K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythosshort | +0.0100% | 8h | 148.60 | −0.020% | $189 | — | 10x | |
| Nado ORCL-PERP | +0.0101% | 1h | 148.46 | −0.113% | $92K | $19K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0224% | 8h | 148.63 | 0.000% | $4.7M | $5.7M | 20x | as long as short |
| Arcus ORCL-USD | +0.0276% | 1h | 148.54 | −0.061% | $78K | $81K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0447% | 8h | 148.62 | −0.007% | $7.4M | $4.9M | 20x | as long as short |
| BloFin ORCL-USDT | +0.0473% | 8h | 148.73 | +0.067% | $47K | $53K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0494% | 8h | 148.68 | +0.034% | $3.5M | $1.6M | 50x | as long as short |
| Phoenix ORCL | +0.0538% | 1h | 148.60 | −0.020% | $149K | $100K | 10x | as long as short |
Gate ORCL_USDT
edgeX ORCLUSDC
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Variational Omni ORCL
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Aster ORCLUSDT
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
BloFin ORCL-USDT
Bybit ORCLUSDT
Phoenix ORCL