Settings8H · net · $10k
Funding arb · Price arb /

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0214%/8h= −23.5% APRnext payment $2.14 per $10,000 · paid last 24h −0.067%
Price spread now: KuCoin against BloFin−0.040%95s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 95 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 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ORCL-USDT149.570.0548pay 0.0548% / 8h5h 27m$47K$43K20x
ShortKuCoin ORCLUSDTM149.510.0334get 0.0334% / 8h5h 27m$261K$267K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
−$44.98
Price spread: −0.040% → 0.000%
−$4.01
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$72.99
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; KuCoin: live order book, 68 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell KuCoin live order book, 68 min ago8.03 bp70.9 bp −$71doesn't fitdoesn't fitdoesn't fit
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0764%4h149.42−0.099%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.20−0.248%$93K$16K20xas long as short
SunX ORCL-USDT0.0000%8h149.61+0.027%$2K$2.7M10xas long as short
HTX ORCL-USDT0.0000%8h149.32−0.167%$52K$23K20xas long as short
Lighter ORCL+0.0032%1h149.38−0.127%$474K$51K10xas long as short
Lighter RH ORCL+0.0032%1h149.33−0.160%$621K$318K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−0.341%$20K$12K12xas long as short
Arcus ORCL-USD+0.0040%1h149.32−0.167%$87K$79K10xas long as short
Bitget ORCLUSDT+0.0043%8h149.47−0.067%$7.7M$4.0M20xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.40−0.114%$67K25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:ORCL+0.0050%1h149.25−0.214%$21.5M$6.8M10xas long as short
Polymarket Perps ORCL-USD+0.0050%1h149.32−0.167%$131K$90K10xas long as short
SoDEX ORCL-USD+0.0050%1h149.35−0.147%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h149.24−0.221%$699K$728K10xas long as short
Gate ORCL_USDT+0.0054%8h149.46−0.074%$2.3M$2.9M25xas long as short
QFEX ORCL-USD+0.0059%1h149.34−0.154%$1.1M$2.7M10xas long as short
Nado ORCL-PERP+0.0065%1h149.20−0.246%$92K$18K10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.39−0.120%$22K$267K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.35−0.147%$19010xas long as short
GRVT ORCL_USDT_Perp+0.0146%8h149.48−0.058%$2K$179K10xas long as short
Variational Omni ORCL+0.0178%8h149.50−0.044%$1.3M$363Kas long as short
Extended ORCL_24_5-USD+0.0248%1h149.35−0.147%$387K$1.3M10xas long as short
Binance ORCLUSDT+0.0251%8h149.39−0.119%$24.9M$35.4M20xas long as short
OKX ORCL-USDT-SWAP+0.0332%8h149.50−0.047%$4.9M$5.5M20xas long as short
KuCoin ORCLUSDTMshort+0.0334%8h149.51−0.040%$261K$267K20x
Phoenix ORCL+0.0536%1h149.31−0.174%$153K$75K10xas long as short
Bybit ORCLUSDT+0.0547%8h149.48−0.060%$3.7M$1.5M50xas long as short
BloFin ORCL-USDTlong+0.0548%8h149.57long leg$47K$43K20x