Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0817%/8h= +89.5% APRpaid last 24h +0.168%

Price spread now: Orderly against edgeX−0.070%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.070% cheaper against edgeX than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ORCLUSDC	149.36	−0.0717	get 0.0359% / 4h	2h 47m	$28K	$214K	10x
Short	Orderly PERP_ORCL_USDC_mythos	149.26	0.0100	get 0.0100% / 8h	6h 47m	$190	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against edgeX. 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 edgeXbpFee OrderlybpOrdersPrice spread, now −0.070%Rate

Funding earned: $171.59
Price spread: −0.070% → 0.000%: −$6.99
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $149.6
Costs to cover: 0.150%
Break-even: 0.9 days

Slippage unknown: edgeX: live order book, 19 min ago; Orderly: 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 edgeX live order book, 19 min ago	5.69 bp	10.7 bp −$11	18.0 bp −$180	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 ORCLUSDClong	−0.0717%	4h	149.36	long leg	$28K	$214K	10x
Aster ORCLUSDT	0.0000%	8h	149.39	+0.015%	$94K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.53	+0.111%	$2K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.55	+0.124%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.34	−0.016%	$473K	$50K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.27	−0.063%	$621K	$317K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.204%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.30	−0.043%	$87K	$80K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.29	−0.050%	—	$67K	25x	as long as short
Nado ORCL-PERP	+0.0047%	1h	149.19	−0.114%	$92K	$18K	10x	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	149.21	−0.103%	$131K	$91K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.30	−0.043%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.29	−0.050%	$708K	$673K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0053%	1h	149.19	−0.117%	$21.5M	$6.7M	10x	as long as short
QFEX ORCL-USD	+0.0057%	1h	149.21	−0.103%	$1.1M	$2.8M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.35	−0.010%	$22K	$266K	50x	as long as short
Orderly PERP_ORCL_USDC_mythosshort	+0.0100%	8h	149.26	−0.070%	$190	—	10x
Variational Omni ORCL	+0.0203%	8h	149.45	+0.055%	$1.3M	$363K	—	as long as short
Gate ORCL_USDT	+0.0211%	8h	149.36	−0.003%	$2.3M	$2.9M	25x	as long as short
GRVT ORCL_USDT_Perp	+0.0225%	8h	149.38	+0.010%	$2K	$181K	10x	as long as short
Binance ORCLUSDT	+0.0247%	8h	149.24	−0.082%	$25.0M	$35.2M	20x	as long as short
Extended ORCL_24_5-USD	+0.0248%	1h	149.18	−0.125%	$387K	$1.3M	10x	as long as short
KuCoin ORCLUSDTM	+0.0298%	8h	149.40	+0.024%	$260K	$260K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0316%	8h	149.32	−0.030%	$4.8M	$5.6M	20x	as long as short
Bitget ORCLUSDT	+0.0322%	8h	149.38	+0.010%	$7.6M	$4.0M	20x	as long as short
BloFin ORCL-USDT	+0.0523%	8h	149.45	+0.057%	$47K	$43K	20x	as long as short
Bybit ORCLUSDT	+0.0528%	8h	149.32	−0.030%	$3.5M	$1.4M	50x	as long as short
Phoenix ORCL	+0.0535%	1h	149.40	+0.024%	$153K	$75K	10x	as long as short