Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0239%/8h= +26.2% APRpaid last 24h +0.025%

Price spread now: Variational Omni against ApeX Omni+0.090%118s7-day average +0.022% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.090%, 7d avg +0.022%

Together, before fees−0.127%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Variational Omni is 0.068% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.022%. Mind the row above: over the last 4 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour. The two prices were read 118 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 4 days it paid -0.052% in total (about -5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ORACLEUSDT	150.41	0.0100	pay 0.0013% / 1h	49m 34s	$23K	$262K	50x
Short	Variational Omni ORCL	150.55	0.0339	get 0.0339% / 8h	4h 49m	$1.2M	$363K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.090%Rate

Funding earned: $50.19
Price spread: +0.090% → +0.022%: $6.76
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $46.95
Costs to cover: 0.100%
Break-even: 0.5 days

Slippage unknown: ApeX Omni: live order book, 55 min ago; Variational Omni: RFQ quote, 3 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 ApeX Omni live order book, 55 min ago	8.68 bp	19.1 bp −$19	185.0 bp −$1,850	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.75 bp	doesn't fit	16.4 bp −$164	doesn't fit	doesn't fit

ORCL on 28 exchanges

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	−0.0242%	4h	150.40	−0.010%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	150.49	+0.053%	$106K	$22K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	150.76	+0.233%	$3K	$2.3M	10x	as long as short
Nado ORCL-PERP	+0.0024%	1h	150.42	+0.007%	$89K	$5K	10x	as long as short
Lighter ORCL	+0.0032%	1h	150.36	−0.033%	$480K	$60K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	150.22	−0.126%	$620K	$298K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.898%	$20K	$9K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	150.60	+0.126%	—	—	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	150.17	−0.160%	$21.9M	$6.6M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	150.47	+0.040%	$78K	$151K	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ORCL-USD	+0.0050%	1h	150.35	−0.040%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	150.42	+0.007%	$698K	$885K	10x	as long as short
QFEX ORCL-USD	+0.0070%	1h	150.22	−0.126%	$1.1M	$1.9M	10x	as long as short
HTX ORCL-USDT	+0.0097%	8h	150.53	+0.080%	$52K	$18K	20x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	150.36	−0.033%	$243K	$501K	20x	as long as short
ApeX Omni ORACLEUSDTlong	+0.0100%	1h	150.41	long leg	$23K	$262K	50x
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	150.33	−0.053%	$191	—	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0229%	8h	150.25	−0.106%	$5.0M	$6.2M	20x	as long as short
Bitget ORCLUSDT	+0.0234%	8h	150.40	−0.007%	$7.8M	$2.4M	20x	as long as short
Gate ORCL_USDT	+0.0238%	8h	150.40	−0.007%	$2.3M	$2.8M	25x	as long as short
Variational Omni ORCLshort	+0.0339%	8h	150.55	+0.090%	$1.2M	$363K	—
Extended ORCL_24_5-USD	+0.0440%	1h	150.27	−0.093%	$390K	$2.4M	10x	as long as short
Binance ORCLUSDT	+0.0441%	8h	150.32	−0.058%	$25.5M	$35.5M	20x	as long as short
Arcus ORCL-USD	+0.0446%	1h	150.17	−0.160%	$87K	$71K	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0588%	8h	150.44	+0.020%	$2K	$138K	10x	as long as short
BloFin ORCL-USDT	+0.0642%	8h	150.67	+0.173%	$48K	$43K	20x	as long as short
Bybit ORCLUSDT	+0.0645%	8h	150.36	−0.033%	$4.2M	$1.8M	50x	as long as short
Phoenix ORCL	+0.0692%	1h	150.50	+0.060%	$154K	$85K	10x	as long as short