Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.021%

Price spread now: Arcus against Bitget−0.147%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 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 0.147% cheaper against Bitget than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ORCLUSDT	149.84	0	get 0.0000% / 8h	2h 55m	$7.7M	$3.8M	20x
Short	Arcus ORCL-USD	149.62	0.0040	get 0.0005% / 1h	55m 55s	$87K	$79K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now −0.147%Rate

Funding earned: $8.46
Price spread: −0.147% → 0.000%: −$14.68
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$22.72
Costs to cover: 0.165%
Break-even: 25.8 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.34 bp	17.7 bp −$18	25.7 bp −$257	doesn't fit	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	−0.0290%	4h	149.73	−0.076%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.80	−0.029%	$94K	$16K	20x	as long as short
Bitget ORCLUSDTlong	0.0000%	8h	149.84	long leg	$7.7M	$3.8M	20x
SunX ORCL-USDT	0.0000%	8h	150.00	+0.107%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.79	−0.033%	$52K	$24K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.74	−0.067%	$475K	$51K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.73	−0.073%	$624K	$317K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.521%	$20K	$12K	12x	as long as short
Arcus ORCL-USDshort	+0.0040%	1h	149.62	−0.147%	$87K	$79K	10x
Vest ORCL-USD-PERP	+0.0046%	1h	149.73	−0.073%	—	$67K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ORCL	+0.0050%	1h	149.61	−0.153%	$21.7M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.65	−0.127%	$131K	$91K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.73	−0.073%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.57	−0.180%	$711K	$791K	10x	as long as short
QFEX ORCL-USD	+0.0058%	1h	149.68	−0.107%	$1.1M	$2.1M	10x	as long as short
Nado ORCL-PERP	+0.0074%	1h	149.61	−0.154%	$88K	$22K	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.57	−0.180%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.70	−0.093%	$190	—	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0192%	8h	149.74	−0.064%	$1K	$175K	10x	as long as short
Variational Omni ORCL	+0.0229%	8h	149.78	−0.041%	$1.3M	$363K	—	as long as short
Extended ORCL_24_5-USD	+0.0304%	1h	149.75	−0.061%	$388K	$1.6M	10x	as long as short
Binance ORCLUSDT	+0.0306%	8h	149.78	−0.040%	$25.1M	$35.6M	20x	as long as short
KuCoin ORCLUSDTM	+0.0314%	8h	149.73	−0.073%	$261K	$278K	20x	as long as short
Gate ORCL_USDT	+0.0320%	8h	149.85	+0.007%	$2.3M	$3.0M	25x	as long as short
OKX ORCL-USDT-SWAP	+0.0347%	8h	149.77	−0.047%	$5.0M	$5.9M	20x	as long as short
Phoenix ORCL	+0.0535%	1h	149.60	−0.160%	$153K	$75K	10x	as long as short
BloFin ORCL-USDT	+0.0662%	8h	149.80	−0.027%	$47K	$43K	20x	as long as short
Bybit ORCLUSDT	+0.0669%	8h	149.82	−0.013%	$4.1M	$1.8M	50x	as long as short