Funding arb · Price arb / RWA

ORCL

RWAAll ORCL markets →

LONGDeribit▾edgeX −0.0570%Deribit −0.0089%Phoenix −0.0061%AZverse −0.0060%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Nado +0.0027%Lighter +0.0032%Lighter RH +0.0032%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%tradeXYZ +0.0050%BingX +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%Orderly +0.0070%ApeX Omni +0.0100%BloFin +0.0120%

⇄⇅

SHORTInjective▾Injective +0.0220%BloFin +0.0120%ApeX Omni +0.0100%Orderly +0.0070%Ondo Perps +0.0050%tradeXYZ +0.0050%BingX +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Popdex +0.0048%Vest Markets +0.0046%Arcus +0.0038%Lighter +0.0032%Lighter RH +0.0032%Nado +0.0027%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%AZverse −0.0060%Phoenix −0.0061%edgeX −0.0570%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	DeribitORCL_USDC-PERPETUAL	130.16	−0.0089	get 0.0011% / 1h	9m 48s	$187K	$499K	10x	Long Deribit
SHORT	InjectiveORCL/USDC PERP	130.94	+0.0220	get 0.0028% / 1h	9m 48s	$11K	$121K	10x	Short Injective

Price gap+0.600%

Funding gap+0.0309% /8h

Both sides work: funding pays +$9 a day on $10k, and the gap is 0.540% above its 7d average: +$54 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.171% in total, about +0.0082%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.600%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

DeribitInjective

ORCL on 33 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• ✕
  Problem: Doesn’t fit the books—

  $10k a leg is deeper than Injective’s order book right now.
• i
  Note: Margin at max leverage$1,000 + $1,000

  Deribit 10x, Injective 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Deribit · 1h+$2.66

  Short Injective · 1h+$6.60

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$9.26Long Deribit: 24 payments, +$2.66; short Injective: 24 payments, +$6.60.
• ✓
  OK: Entry gap works for you+0.600% vs +0.061%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short leg is thinner$11K vs $187K OI

  Injective sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCDeribit Yes · Injective No

  ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0082%/8h × 21 periods+$17.13

Price spread+0.600% → +0.061% (7d avg)+$53.95

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Deribit bp × 2 orders−$7.00

Fee Injective bp × 2 orders−$0.02

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: Deribit: live order book, 12 min ago; Injective: live order book, 38 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGDeribit0.7716.2 bp−$1622.2 bp−$222doesn’t fitdoesn’t fit

SELL · SHORTInjective370.34doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

ORCL news

posts that mention ORCL or Oracle, from every exchangeSearch all news →

10-30 09:30	Gate	Other	🏁 Ever wondered what it takes to build a winning F1 team? We're taking Racing the Future Vol.5 straight to @redbullracing's home turf. Get ready for an exclusive look inside the Oracle Red Bull Racing F1 HQ in UK on November 9. Not just watching the race. Getting closer to what makes it happen. 🏎️ @Gate on X ↗
10-29 18:01	Vest Markets	Other	On today's session, $ORCL is down around 5%, a day after a 10.7% rally on its Investor Day. Oracle set FY30 targets of $225B+ in revenue, a 40%+ non-GAAP operating margin and $21+ in non-GAAP EPS, with free cash flow turning positive in 2H FY28. $ORCL also capped additional capital raises through FY30 at $20B, split between $10B in equity and $10B in debt, alongside a $30B+ free cash flow target for FY29. @VestExchange on X ↗
10-28 19:02	Polymarket Perps	Other	Go long or short ORCL on Polymarket Perps👇 @Poly_Perps on X ↗
10-28 19:01	Polymarket Perps	Other	BREAKING: Oracle shares surge nearly 12% as the company's Investor Day fuels excitement over its booming AI cloud business. @Poly_Perps on X ↗
10-28 06:35	tradeXYZ	Other	RELIANCE references 1 equity share of Reliance Industries Limited (NSE: RELIANCE). The oracle converts the INR share price to USD at the prevailing USD/INR FX rate. Reliance Industries operates energy, petrochemicals, retail, and digital services businesses. @tradexyz on X ↗
10-27 16:55	Kalshi	Other	JUST IN: Oracle to offer Google TPUs in its cloud for the first time @Kalshi on X ↗