Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.039%

Price spread now: Bitget against ApeX Omni+0.215%53s7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.650% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)−0.309%−$31 · spread now +0.215%, 7d avg +0.068%

Together, before fees−0.350%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bitget is 0.146% dearer against ApeX Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.068%. The two prices were read 53 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 -0.041% in total (about -2.2% 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	ApeX Omni ORACLEUSDT	149.16	0.0100	pay 0.0013% / 1h	56m 38s	$22K	$269K	50x
Short	Bitget ORCLUSDT	149.48	0.0392	get 0.0392% / 8h	7h 56m	$7.5M	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.215%Rate

Funding earned: $61.32
Price spread: +0.215% → +0.068%: $14.61
Slippage, 4 orders: −$42.98
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $10.95
Costs to cover: 0.650%
Break-even: 5.7 days

Slippage from ApeX Omni: live order book, 15 min ago; Bitget: live order book, 2 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 ApeX Omni live order book, 15 min ago	6.36 bp	18.7 bp −$19	186.4 bp −$1,864	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.67 bp	11.5 bp −$12	27.7 bp −$277	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	−0.0605%	4h	149.24	+0.056%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.47	+0.209%	$94K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.71	+0.369%	$2K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.45	+0.194%	$52K	$22K	20x	as long as short
Nado ORCL-PERP	+0.0004%	1h	149.31	+0.104%	$92K	$18K	10x	as long as short
Lighter ORCL	+0.0032%	1h	149.55	+0.261%	$474K	$50K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.067%	$20K	$12K	12x	as long as short
Lighter RH ORCL	+0.0040%	1h	149.44	+0.188%	$622K	$323K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.36	+0.134%	—	$127K	25x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.41	+0.168%	$30K	$3K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.27	+0.074%	$696K	$712K	10x	as long as short
QFEX ORCL-USD	+0.0075%	1h	149.38	+0.147%	$1.1M	$2.9M	10x	as long as short
Gate ORCL_USDT	+0.0090%	8h	149.45	+0.194%	$2.3M	$2.9M	25x	as long as short
ApeX Omni ORACLEUSDTlong	+0.0100%	1h	149.16	long leg	$22K	$269K	50x
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.37	+0.141%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0131%	8h	149.14	−0.013%	$1.3M	$363K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0131%	8h	149.29	+0.087%	$1K	$193K	10x	as long as short
Binance ORCLUSDT	+0.0190%	8h	149.44	+0.190%	$25.1M	$35.2M	20x	as long as short
Extended ORCL_24_5-USD	+0.0192%	1h	149.40	+0.162%	$386K	$1.4M	10x	as long as short
KuCoin ORCLUSDTM	+0.0278%	8h	149.59	+0.288%	$260K	$250K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0316%	8h	149.48	+0.215%	$4.8M	$5.5M	20x	as long as short
Polymarket Perps ORCL-USD	+0.0372%	1h	149.26	+0.067%	$131K	$109K	10x	as long as short
Bitget ORCLUSDTshort	+0.0392%	8h	149.48	+0.215%	$7.5M	$4.1M	20x
Arcus ORCL-USD	+0.0467%	1h	149.27	+0.074%	$86K	$79K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0485%	1h	149.25	+0.060%	$21.5M	$8.0M	10x	as long as short
Phoenix ORCL	+0.0538%	1h	149.21	+0.034%	$150K	$83K	10x	as long as short
BloFin ORCL-USDT	+0.0695%	8h	149.43	+0.181%	$47K	$51K	20x	as long as short
Bybit ORCLUSDT	+0.0756%	8h	149.48	+0.215%	$3.5M	$1.5M	50x	as long as short