Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.015%

Price spread now: QFEX against HTX−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 HTX Short on QFEX

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—needs both histories

Funding pays, the price is against you. QFEX is 0.107% cheaper against HTX 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 6.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ORCL-USDT	148.96	0	get 0.0000% / 8h	1h 19m	$52K	$22K	20x
Short	QFEX ORCL-USD	148.80	0.0056	get 0.0007% / 1h	19m 14s	$1.1M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $11.84
Price spread: −0.107% → 0.000%: −$10.74
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.9
Costs to cover: 0.220%
Break-even: 19.4 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 3 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	11.75 bp	31.4 bp −$31	33.3 bp −$333	doesn't fit	doesn't fit

HTX: 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	−0.0156%	4h	148.91	−0.036%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.89	−0.049%	$93K	$16K	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	148.86	−0.067%	$2.2M	$3.0M	25x	as long as short
Variational Omni ORCL	0.0000%	8h	148.91	−0.033%	$1.3M	$316K	—	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.88	−0.055%	$1K	$200K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.01	+0.034%	$3K	$2.9M	10x	as long as short
HTX ORCL-USDTlong	0.0000%	8h	148.96	long leg	$52K	$22K	20x
Binance ORCLUSDT	+0.0022%	8h	148.79	−0.114%	$24.8M	$35.6M	20x	as long as short
Extended ORCL_24_5-USD	+0.0024%	1h	148.76	−0.134%	$386K	$1.4M	10x	as long as short
Lighter ORCL	+0.0032%	1h	148.90	−0.040%	$471K	$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	148.80	−0.107%	$619K	$462K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.067%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.80	−0.107%	—	$127K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.67	−0.195%	$21.4M	$8.6M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.74	−0.148%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.78	−0.121%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.66	−0.201%	$708K	$691K	10x	as long as short
QFEX ORCL-USDshort	+0.0056%	1h	148.80	−0.107%	$1.1M	$2.8M	10x
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.88	−0.054%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.77	−0.128%	$189	—	10x	as long as short
Nado ORCL-PERP	+0.0121%	1h	148.66	−0.199%	$92K	$18K	10x	as long as short
KuCoin ORCLUSDTM	+0.0139%	8h	148.92	−0.027%	$258K	$224K	20x	as long as short
Arcus ORCL-USD	+0.0152%	1h	148.71	−0.168%	$86K	$90K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0206%	8h	148.81	−0.101%	$4.7M	$5.7M	20x	as long as short
Bitget ORCLUSDT	+0.0298%	8h	148.78	−0.121%	$7.4M	$4.6M	20x	as long as short
Bybit ORCLUSDT	+0.0475%	8h	148.85	−0.074%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0480%	8h	148.81	−0.101%	$47K	$51K	20x	as long as short
Phoenix ORCL	+0.0538%	1h	148.83	−0.087%	$149K	$100K	10x	as long as short