Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0195%/8h= +21.3% APRpaid last 24h +0.016%

Price spread now: OKX against ApeX Omni+0.154%80s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$600.599% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.154%, 7d avg +0.025%

Together, before fees−0.313%−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.129% dearer against ApeX Omni than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.025%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour. The two prices were read 80 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 -0.072% in total (about -3.7% 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	149.17	0.0100	pay 0.0013% / 1h	18m 11s	$22K	$269K	50x
Short	OKX ORCL-USDT-SWAP	149.40	0.0295	get 0.0295% / 8h	18m 11s	$4.8M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.154%Rate

Funding earned: $40.89
Price spread: +0.154% → +0.025%: $12.93
Slippage, 4 orders: −$39.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$6.12
Costs to cover: 0.599%
Break-even: 8.0 days

Slippage from ApeX Omni: live order book, 59 min ago; OKX: live order book, 5 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, 59 min ago	9.41 bp	20.1 bp −$20	192.8 bp −$1,928	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.34 bp	6.5 bp −$6	21.5 bp −$215	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	−0.0429%	4h	149.15	−0.014%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.29	+0.078%	$93K	$16K	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	149.40	+0.154%	$2.3M	$2.9M	25x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.45	+0.188%	$2K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.21	+0.027%	$52K	$23K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.38	+0.141%	$473K	$53K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.074%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.29	+0.080%	—	$127K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.21	+0.027%	$131K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.30	+0.087%	$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	149.22	+0.034%	$709K	$697K	10x	as long as short
QFEX ORCL-USD	+0.0071%	1h	149.24	+0.047%	$1.1M	$2.9M	10x	as long as short
Variational Omni ORCL	+0.0083%	8h	149.18	+0.010%	$1.3M	$314K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0090%	8h	149.18	+0.006%	$1K	$194K	10x	as long as short
Lighter RH ORCL	+0.0096%	1h	149.33	+0.107%	$621K	$462K	10x	as long as short
ApeX Omni ORACLEUSDTlong	+0.0100%	1h	149.17	long leg	$22K	$269K	50x
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.25	+0.054%	$190	—	10x	as long as short
Extended ORCL_24_5-USD	+0.0136%	1h	149.35	+0.121%	$386K	$1.4M	10x	as long as short
tradeXYZ xyz:ORCL	+0.0136%	1h	149.23	+0.040%	$21.5M	$8.2M	10x	as long as short
Binance ORCLUSDT	+0.0137%	8h	149.41	+0.163%	$25.0M	$35.5M	20x	as long as short
Nado ORCL-PERP	+0.0147%	1h	149.15	−0.011%	$92K	$18K	10x	as long as short
KuCoin ORCLUSDTM	+0.0233%	8h	149.26	+0.060%	$258K	$242K	20x	as long as short
Arcus ORCL-USD	+0.0289%	1h	149.25	+0.054%	$86K	$81K	10x	as long as short
OKX ORCL-USDT-SWAPshort	+0.0295%	8h	149.40	+0.154%	$4.8M	$5.7M	20x
Bitget ORCLUSDT	+0.0362%	8h	149.44	+0.181%	$7.5M	$4.5M	20x	as long as short
BloFin ORCL-USDT	+0.0516%	8h	149.15	−0.013%	$47K	$51K	20x	as long as short
Bybit ORCLUSDT	+0.0521%	8h	149.35	+0.121%	$3.5M	$1.5M	50x	as long as short
Phoenix ORCL	+0.0538%	1h	149.13	−0.027%	$149K	$84K	10x	as long as short