Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.016%

Price spread now: Orderly against Injective−0.148%58s7-day average — · you buy dearer than you sell

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

Long on Injective 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—needs both histories

Funding pays, the price is against you. Orderly is 0.148% cheaper against Injective than usual: you would sell low and buy high (spread −0.148% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 7.4 days of funding at the current rate (+$2 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ORCL/USDC PERP	149.06	0.0033	pay 0.0004% / 1h	12m 12s	$20K	$14K	12x
Short	Orderly PERP_ORCL_USDC_mythos	148.84	0.0100	get 0.0100% / 8h	2h 12m	$189	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now −0.148%Rate

Funding earned: $14
Price spread: −0.148% → 0.000%: −$14.76
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.78
Costs to cover: 0.060%
Break-even: 10.4 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Injective and 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 ORCLUSDC	−0.0681%	4h	148.86	−0.134%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.91	−0.103%	$93K	$16K	20x	as long as short
Extended ORCL_24_5-USD	0.0000%	1h	148.85	−0.143%	$385K	$1.4M	10x	as long as short
Binance ORCLUSDT	0.0000%	8h	148.86	−0.134%	$24.8M	$35.9M	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	148.92	−0.094%	$2.2M	$3.1M	25x	as long as short
Variational Omni ORCL	0.0000%	8h	148.86	−0.135%	$1.3M	$221K	—	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.85	−0.138%	$2K	$204K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.07	+0.007%	$2K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.95	−0.074%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.95	−0.074%	$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	−0.101%	$623K	$465K	10x	as long as short
Injective ORCL/USDC PERPlong	+0.0033%	1h	149.06	long leg	$20K	$14K	12x
Vest ORCL-USD-PERP	+0.0046%	1h	148.83	−0.154%	—	$127K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.78	−0.188%	$21.5M	$8.6M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.78	−0.188%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.85	−0.141%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.67	−0.262%	$737K	$611K	10x	as long as short
QFEX ORCL-USD	+0.0053%	1h	148.85	−0.141%	$1.1M	$2.8M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	148.98	−0.054%	$259K	$203K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.87	−0.127%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythosshort	+0.0100%	8h	148.84	−0.148%	$189	—	10x
Nado ORCL-PERP	+0.0128%	1h	148.73	−0.220%	$92K	$18K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0207%	8h	148.87	−0.127%	$4.7M	$5.7M	20x	as long as short
Arcus ORCL-USD	+0.0251%	1h	148.82	−0.161%	$78K	$80K	10x	as long as short
Bitget ORCLUSDT	+0.0313%	8h	148.88	−0.121%	$7.4M	$4.7M	20x	as long as short
Phoenix ORCL	+0.0431%	1h	148.80	−0.174%	$149K	$100K	10x	as long as short
Bybit ORCLUSDT	+0.0476%	8h	148.91	−0.101%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0503%	8h	148.94	−0.081%	$47K	$51K	20x	as long as short