Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.019%

Price spread now: Aster against Nado+0.157%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.157% dearer against Nado than usual: you sell high and buy low (spread +0.157% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ORCL-PERP	148.84	0.0016	pay 0.0002% / 1h	48m 30s	$88K	$22K	10x
Short	Aster ORCLUSDT	149.07	0	get 0.0000% / 8h	7h 48m	$97K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.157%Rate

Funding earned: −$3.39
Price spread: +0.157% → 0.000%: $15.65
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$2.73
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; Aster: 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 Nado no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Nado and Aster: 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	−0.0238%	4h	148.97	+0.089%	$28K	$214K	10x	as long as short
Aster ORCLUSDTshort	0.0000%	8h	149.07	+0.157%	$97K	$20K	20x
Bitget ORCLUSDT	0.0000%	8h	149.05	+0.141%	$7.7M	$2.7M	20x	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.95	+0.076%	$1K	$153K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.15	+0.209%	$3K	$2.6M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.07	+0.155%	$52K	$25K	20x	as long as short
Nado ORCL-PERPlong	+0.0016%	1h	148.84	long leg	$88K	$22K	10x
Lighter ORCL	+0.0032%	1h	149.03	+0.128%	$476K	$59K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	148.98	+0.094%	$622K	$296K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.148%	$20K	$9K	12x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus ORCL-USD	+0.0040%	1h	148.89	+0.034%	$86K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.93	+0.061%	—	$67K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.88	+0.027%	$21.7M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.80	−0.027%	$130K	$80K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.90	+0.041%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.70	−0.094%	$709K	$871K	10x	as long as short
QFEX ORCL-USD	+0.0065%	1h	148.89	+0.034%	$1.1M	$1.9M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	149.02	+0.121%	$241K	$298K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.81	−0.020%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.90	+0.041%	$189	—	10x	as long as short
Gate ORCL_USDT	+0.0121%	8h	149.06	+0.148%	$2.3M	$2.8M	25x	as long as short
Variational Omni ORCL	+0.0177%	8h	148.99	+0.098%	$1.2M	$428K	—	as long as short
OKX ORCL-USDT-SWAP	+0.0208%	8h	148.97	+0.088%	$4.9M	$5.9M	20x	as long as short
Extended ORCL_24_5-USD	+0.0264%	1h	148.96	+0.083%	$390K	$2.1M	10x	as long as short
Binance ORCLUSDT	+0.0265%	8h	149.00	+0.108%	$25.1M	$36.3M	20x	as long as short
BloFin ORCL-USDT	+0.0483%	8h	149.10	+0.175%	$48K	$44K	20x	as long as short
Phoenix ORCL	+0.0537%	1h	148.85	+0.007%	$152K	$73K	10x	as long as short
Bybit ORCLUSDT	+0.0568%	8h	149.06	+0.148%	$4.1M	$1.9M	50x	as long as short