Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.062%

Price spread now: Gate against ApeX Omni+0.094%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.094%, 7d avg +0.056%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.038% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.056%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 7 days funding on this pair paid +0.106%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ORACLEUSDT	148.85	0.0100	pay 0.0013% / 1h	27m 03s	$22K	$269K	50x
Short	Gate ORCL_USDT	148.99	0	get 0.0000% / 8h	1h 27m	$2.2M	$3.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.094%Rate

Funding earned: −$21
Price spread: +0.094% → +0.056%: $3.77
Slippage, 4 orders: −$46.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.1
Costs to cover: 0.719%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 55 min ago; Gate: 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 ApeX Omni live order book, 55 min ago	8.40 bp	20.9 bp −$21	201.5 bp −$2,015	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.36 bp	14.6 bp −$15	23.3 bp −$233	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	−0.0872%	4h	148.91	+0.039%	$28K	$213K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.94	+0.061%	$93K	$16K	20x	as long as short
Gate ORCL_USDTshort	0.0000%	8h	148.99	+0.094%	$2.2M	$3.0M	25x
Variational Omni ORCL	0.0000%	8h	148.92	+0.045%	$1.3M	$316K	—	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.97	+0.080%	$1K	$200K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.16	+0.208%	$3K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.03	+0.121%	$52K	$22K	20x	as long as short
Extended ORCL_24_5-USD	+0.0016%	1h	148.91	+0.043%	$386K	$1.4M	10x	as long as short
Binance ORCLUSDT	+0.0016%	8h	148.89	+0.027%	$24.8M	$35.6M	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.98	+0.087%	$472K	$53K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ORCL	+0.0032%	1h	148.91	+0.040%	$620K	$462K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.141%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.85	0.000%	—	$127K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.80	−0.034%	$21.4M	$8.6M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.84	−0.007%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.92	+0.047%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.68	−0.114%	$708K	$691K	10x	as long as short
QFEX ORCL-USD	+0.0056%	1h	148.86	+0.007%	$1.1M	$2.8M	10x	as long as short
ApeX Omni ORACLEUSDTlong	+0.0100%	1h	148.85	long leg	$22K	$269K	50x
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.91	+0.040%	$189	—	10x	as long as short
Nado ORCL-PERP	+0.0112%	1h	148.75	−0.069%	$92K	$18K	10x	as long as short
KuCoin ORCLUSDTM	+0.0134%	8h	149.00	+0.101%	$258K	$221K	20x	as long as short
Arcus ORCL-USD	+0.0152%	1h	148.83	−0.013%	$86K	$90K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0202%	8h	148.98	+0.087%	$4.7M	$5.7M	20x	as long as short
Bitget ORCLUSDT	+0.0296%	8h	148.94	+0.060%	$7.4M	$4.6M	20x	as long as short
BloFin ORCL-USDT	+0.0458%	8h	148.95	+0.067%	$47K	$51K	20x	as long as short
Bybit ORCLUSDT	+0.0476%	8h	148.97	+0.081%	$3.5M	$1.6M	50x	as long as short
Phoenix ORCL	+0.0538%	1h	148.88	+0.020%	$149K	$100K	10x	as long as short