Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0295%/8h= −32.3% APRpaid last 24h −0.090%

Price spread now: tradeXYZ against Bitget−0.094%7-day average −0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.094%, 7d avg −0.142%

Together, before fees−0.092%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.049% dearer against Bitget than usual: you sell high and buy low (spread −0.094% now, against its 7-day average of −0.142%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.085% in total) that is about 4.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% 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	Bitget ORCLUSDT	149.58	0.0378	pay 0.0378% / 8h	7h 02m	$7.6M	$4.0M	20x
Short	tradeXYZ xyz:ORCL	149.44	0.0083	get 0.0010% / 1h	2m 19s	$21.5M	$6.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$61.86
Price spread: −0.094% → −0.142%: $4.88
Slippage, 4 orders: −$17.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$104.72
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 7 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 Bitget live order book, 1 min ago	2.01 bp	12.6 bp −$13	21.6 bp −$216	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.00 bp	10.6 bp −$11	15.0 bp −$150	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	−0.0262%	4h	149.51	−0.044%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.63	+0.030%	$94K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.77	+0.127%	$2K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.58	0.000%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.58	0.000%	$474K	$50K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.52	−0.040%	$622K	$323K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.348%	$20K	$12K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.54	−0.027%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.43	−0.100%	$131K	$91K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.52	−0.040%	$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	149.32	−0.174%	$703K	$688K	10x	as long as short
Nado ORCL-PERP	+0.0065%	1h	149.43	−0.098%	$92K	$18K	10x	as long as short
QFEX ORCL-USD	+0.0075%	1h	149.47	−0.074%	$1.2M	$2.8M	10x	as long as short
tradeXYZ xyz:ORCLshort	+0.0083%	1h	149.44	−0.094%	$21.5M	$6.8M	10x
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.43	−0.100%	$22K	$266K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.49	−0.060%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0204%	8h	149.54	−0.025%	$1.3M	$363K	—	as long as short
Extended ORCL_24_5-USD	+0.0248%	1h	149.46	−0.078%	$386K	$1.3M	10x	as long as short
Binance ORCLUSDT	+0.0252%	8h	149.52	−0.041%	$25.1M	$35.1M	20x	as long as short
Gate ORCL_USDT	+0.0253%	8h	149.57	−0.007%	$2.3M	$2.9M	25x	as long as short
KuCoin ORCLUSDTM	+0.0307%	8h	149.64	+0.040%	$261K	$261K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0320%	8h	149.54	−0.027%	$4.8M	$5.5M	20x	as long as short
GRVT ORCL_USDT_Perp	+0.0341%	8h	149.55	−0.023%	$2K	$181K	10x	as long as short
Bitget ORCLUSDTlong	+0.0378%	8h	149.58	long leg	$7.6M	$4.0M	20x
Arcus ORCL-USD	+0.0467%	1h	149.45	−0.087%	$87K	$79K	10x	as long as short
Bybit ORCLUSDT	+0.0555%	8h	149.58	0.000%	$3.5M	$1.4M	50x	as long as short
BloFin ORCL-USDT	+0.0587%	8h	149.52	−0.040%	$47K	$43K	20x	as long as short
Phoenix ORCL	+0.0697%	1h	149.46	−0.080%	$153K	$84K	10x	as long as short