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

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.017%
Price spread now: Ondo Perps against Gate−0.231%7-day average −0.146% · 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−0.238%−$24 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.231%, 7d avg −0.146%
Together, before fees−0.236%+ Points / potential airdropOndo Perps: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Ondo Perps is 0.085% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.146%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ORCL_USDT151.320.0208pay 0.0208% / 8h4h 09m$2.4M$2.9M25x
ShortOndo Perps ORCL-USD.P150.970.0050get 0.0006% / 1h9m 31s$698K$989K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$33.1
Price spread: −0.231% → −0.146%
−$8.54
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$61.64
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 2 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago2.31 bp15.4 bp −$1526.9 bp −$269doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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 exchanges

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−0.0336%4h151.15−0.110%$29K$215K10xas long as short
Aster ORCLUSDT0.0000%8h151.41+0.059%$107K$22K20xas long as short
SunX ORCL-USDT0.0000%8h151.40+0.053%$3K$2.3M10xas long as short
HTX ORCL-USDT0.0000%8h151.26−0.040%$52K$18K20xas long as short
Lighter ORCL+0.0032%1h151.21−0.073%$483K$60K10xas long as short
Lighter RH ORCL+0.0032%1h151.14−0.119%$624K$299K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−1.494%$20K$9K12xas long as short
Nado ORCL-PERP+0.0038%1h151.00−0.209%$89K$5K10xas long as short
tradeXYZ xyz:ORCL+0.0050%1h151.09−0.152%$22.0M$6.8M10xas long as short
Polymarket Perps ORCL-USD+0.0050%1h151.13−0.126%$73K$157K10xas long as short
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ORCL-USD+0.0050%1h151.12−0.132%$30K$3K10xas long as short
Ondo Perps ORCL-USD.Pshort+0.0050%1h150.97−0.231%$698K$989K10x
Vest ORCL-USD-PERP+0.0069%1h151.28−0.026%25xas long as short
QFEX ORCL-USD+0.0070%1h151.24−0.053%$1.1M$1.9M10xas long as short
KuCoin ORCLUSDTM+0.0100%8h151.22−0.066%$245K$549K20xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h151.08−0.159%$23K$263K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h151.13−0.126%$19210xas long as short
Gate ORCL_USDTlong+0.0208%8h151.32long leg$2.4M$2.9M25x
OKX ORCL-USDT-SWAP+0.0209%8h151.18−0.093%$5.1M$6.3M20xas long as short
Variational Omni ORCL+0.0327%8h151.16−0.107%$1.2M$363Kas long as short
Bitget ORCLUSDT+0.0384%8h151.29−0.020%$7.8M$2.6M20xas long as short
Binance ORCLUSDT+0.0431%8h151.21−0.073%$25.7M$37.0M20xas long as short
Extended ORCL_24_5-USD+0.0432%1h151.18−0.091%$393K$2.6M10xas long as short
Arcus ORCL-USD+0.0446%1h151.09−0.152%$88K$71K10xas long as short
GRVT ORCL_USDT_Perp+0.0463%8h151.19−0.087%$2K$142K10xas long as short
BloFin ORCL-USDT+0.0575%8h151.19−0.086%$2K$43K20xas long as short
Bybit ORCLUSDT+0.0594%8h151.26−0.040%$4.2M$1.8M50xas long as short
Phoenix ORCL+0.0692%1h151.12−0.132%$154K$85K10xas long as short