Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.037%

Price spread now: Arcus against Binance−0.076%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Arcus

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—needs both histories

Funding pays, the price is against you. Arcus is 0.076% cheaper against Binance than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 27 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ORCLUSDT	149.02	0.0061	pay 0.0061% / 8h	47m 12s	$24.9M	$35.6M	20x
Short	Arcus ORCL-USD	148.91	0.0289	get 0.0036% / 1h	47m 12s	$86K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.076%Rate

Funding earned: $47.87
Price spread: −0.076% → 0.000%: −$7.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $25.76
Costs to cover: 0.145%
Break-even: 3.2 days

Slippage unknown: Binance: live order book, 9 min ago; Arcus: no order-book sample. 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 Binance live order book, 9 min ago	0.67 bp	6.7 bp −$7	13.6 bp −$136	68.9 bp −$6,885	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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	−0.0282%	4h	149.01	−0.008%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.01	−0.007%	$93K	$16K	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	149.07	+0.031%	$2.2M	$2.9M	25x	as long as short
Variational Omni ORCL	0.0000%	8h	149.02	−0.005%	$1.3M	$316K	—	as long as short
SunX ORCL-USDT	0.0000%	8h	149.25	+0.152%	$3K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.09	+0.045%	$52K	$22K	20x	as long as short
GRVT ORCL_USDT_Perp	+0.0013%	8h	149.02	−0.003%	$2K	$198K	10x	as long as short
Lighter ORCL	+0.0032%	1h	149.05	+0.018%	$472K	$53K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.025%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.92	−0.069%	—	$127K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ORCL-USD	+0.0050%	1h	148.91	−0.076%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.01	−0.009%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.82	−0.136%	$708K	$693K	10x	as long as short
Binance ORCLUSDTlong	+0.0061%	8h	149.02	long leg	$24.9M	$35.6M	20x
Extended ORCL_24_5-USD	+0.0064%	1h	149.00	−0.014%	$386K	$1.4M	10x	as long as short
QFEX ORCL-USD	+0.0071%	1h	148.98	−0.029%	$1.1M	$2.9M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.94	−0.056%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.98	−0.029%	$190	—	10x	as long as short
Lighter RH ORCL	+0.0160%	1h	148.99	−0.022%	$620K	$462K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0162%	1h	148.86	−0.110%	$21.4M	$8.5M	10x	as long as short
KuCoin ORCLUSDTM	+0.0177%	8h	149.11	+0.058%	$258K	$233K	20x	as long as short
Nado ORCL-PERP	+0.0181%	1h	148.80	−0.149%	$92K	$18K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0252%	8h	149.04	+0.011%	$4.7M	$5.7M	20x	as long as short
Arcus ORCL-USDshort	+0.0289%	1h	148.91	−0.076%	$86K	$90K	10x
Bitget ORCLUSDT	+0.0331%	8h	149.04	+0.011%	$7.4M	$4.7M	20x	as long as short
Bybit ORCLUSDT	+0.0509%	8h	149.03	+0.004%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0516%	8h	149.04	+0.011%	$2K	$51K	20x	as long as short
Phoenix ORCL	+0.0538%	1h	148.90	−0.083%	$149K	$84K	10x	as long as short