Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.016%

Price spread now: QFEX against Aster−0.083%7-day average — · you buy dearer than you sell

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

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. QFEX is 0.083% cheaper against Aster than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ORCLUSDT	149.47	0	get 0.0000% / 8h	7h 56m	$94K	$16K	20x
Short	QFEX ORCL-USD	149.35	0.0075	get 0.0009% / 1h	56m 54s	$1.1M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $15.67
Price spread: −0.083% → 0.000%: −$8.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$10.59
Costs to cover: 0.180%
Break-even: 11.7 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 6 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	1.34 bp	6.3 bp −$6	7.2 bp −$72	doesn't fit	doesn't fit

Aster: 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	−0.0605%	4h	149.24	−0.154%	$28K	$215K	10x	as long as short
Aster ORCLUSDTlong	0.0000%	8h	149.47	long leg	$94K	$16K	20x
SunX ORCL-USDT	0.0000%	8h	149.71	+0.158%	$2K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.45	−0.016%	$52K	$22K	20x	as long as short
Nado ORCL-PERP	+0.0004%	1h	149.31	−0.106%	$92K	$18K	10x	as long as short
Lighter ORCL	+0.0032%	1h	149.50	+0.018%	$473K	$50K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.277%	$20K	$12K	12x	as long as short
Lighter RH ORCL	+0.0040%	1h	149.41	−0.042%	$621K	$323K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.36	−0.076%	—	$127K	25x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.41	−0.042%	$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	−0.136%	$705K	$713K	10x	as long as short
QFEX ORCL-USDshort	+0.0075%	1h	149.35	−0.083%	$1.1M	$2.9M	10x
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.16	−0.210%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.37	−0.069%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0131%	8h	149.14	−0.223%	$1.3M	$363K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0131%	8h	149.29	−0.123%	$1K	$193K	10x	as long as short
Binance ORCLUSDT	+0.0190%	8h	149.43	−0.030%	$25.1M	$35.2M	20x	as long as short
Extended ORCL_24_5-USD	+0.0192%	1h	149.40	−0.050%	$386K	$1.4M	10x	as long as short
Gate ORCL_USDT	+0.0212%	8h	149.47	−0.002%	$2.3M	$2.9M	25x	as long as short
KuCoin ORCLUSDTM	+0.0276%	8h	149.58	+0.071%	$260K	$250K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0314%	8h	149.48	+0.004%	$4.8M	$5.5M	20x	as long as short
Polymarket Perps ORCL-USD	+0.0372%	1h	149.26	−0.143%	$131K	$109K	10x	as long as short
Bitget ORCLUSDT	+0.0390%	8h	149.48	+0.004%	$7.5M	$4.1M	20x	as long as short
Arcus ORCL-USD	+0.0467%	1h	149.24	−0.156%	$86K	$79K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0485%	1h	149.25	−0.150%	$21.5M	$8.0M	10x	as long as short
Phoenix ORCL	+0.0538%	1h	149.21	−0.176%	$150K	$83K	10x	as long as short
Bybit ORCLUSDT	+0.0673%	8h	149.52	+0.031%	$3.5M	$1.5M	50x	as long as short
BloFin ORCL-USDT	+0.0695%	8h	149.43	−0.029%	$47K	$51K	20x	as long as short