Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h −0.091%

Price spread now: Nado against Gate−0.107%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Nado is 0.107% cheaper against Gate than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORCL_USDT	148.89	0	get 0.0000% / 8h	2h 09m	$2.2M	$3.1M	25x
Short	Nado ORCL-PERP	148.73	0.0130	get 0.0016% / 1h	9m 04s	$92K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.107%Rate

Funding earned: $27.26
Price spread: −0.107% → 0.000%: −$10.7
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$5.45
Costs to cover: 0.220%
Break-even: 8.4 days

Slippage unknown: Gate: live order book, 4 min ago; Nado: 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 Gate live order book, 4 min ago	4.37 bp	29.3 bp −$29	38.0 bp −$380	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	−0.0091%	4h	148.88	−0.007%	$28K	$213K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.91	+0.013%	$93K	$16K	20x	as long as short
Extended ORCL_24_5-USD	0.0000%	1h	148.86	−0.022%	$385K	$1.4M	10x	as long as short
Binance ORCLUSDT	0.0000%	8h	148.87	−0.016%	$24.8M	$35.9M	20x	as long as short
Gate ORCL_USDTlong	0.0000%	8h	148.89	long leg	$2.2M	$3.1M	25x
Variational Omni ORCL	0.0000%	8h	148.88	−0.008%	$1.3M	$221K	—	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.87	−0.013%	$2K	$204K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.08	+0.128%	$3K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.98	+0.060%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.95	+0.040%	$472K	$53K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ORCL	+0.0032%	1h	148.91	+0.013%	$623K	$465K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.114%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.84	−0.034%	—	$127K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.77	−0.081%	$21.5M	$8.6M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.78	−0.074%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.85	−0.027%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.67	−0.148%	$737K	$611K	10x	as long as short
QFEX ORCL-USD	+0.0053%	1h	148.85	−0.027%	$1.1M	$2.8M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	148.97	+0.054%	$257K	$205K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.90	+0.007%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.86	−0.020%	$189	—	10x	as long as short
Nado ORCL-PERPshort	+0.0130%	1h	148.73	−0.107%	$92K	$18K	10x
OKX ORCL-USDT-SWAP	+0.0206%	8h	148.89	0.000%	$4.7M	$5.7M	20x	as long as short
Arcus ORCL-USD	+0.0251%	1h	148.81	−0.054%	$78K	$80K	10x	as long as short
Bitget ORCLUSDT	+0.0310%	8h	148.88	−0.007%	$7.4M	$4.7M	20x	as long as short
Phoenix ORCL	+0.0431%	1h	148.80	−0.060%	$149K	$100K	10x	as long as short
Bybit ORCLUSDT	+0.0478%	8h	148.91	+0.013%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0505%	8h	148.94	+0.034%	$47K	$51K	20x	as long as short