Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h +0.032%

Price spread now: Arcus against OKX−0.040%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Arcus

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. Arcus is 0.040% cheaper against OKX than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 21 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ORCL-USDT-SWAP	149.33	0.0317	pay 0.0317% / 8h	7h 54m	$4.8M	$5.5M	20x
Short	Arcus ORCL-USD	149.27	0.0467	get 0.0058% / 1h	54m 33s	$86K	$79K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.040%Rate

Funding earned: $31.63
Price spread: −0.040% → 0.000%: −$4.02
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $13.11
Costs to cover: 0.145%
Break-even: 4.1 days

Slippage unknown: OKX: live order book, 3 min ago; Arcus: 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 OKX live order book, 3 min ago	0.34 bp	13.6 bp −$14	32.1 bp −$321	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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	−0.0373%	4h	149.39	+0.041%	$28K	$213K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.34	+0.007%	$93K	$16K	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	149.36	+0.020%	$2.3M	$2.9M	25x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.66	+0.221%	$2K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.45	+0.080%	$52K	$22K	20x	as long as short
Nado ORCL-PERP	+0.0027%	1h	149.26	−0.048%	$92K	$18K	10x	as long as short
Lighter ORCL	+0.0032%	1h	149.42	+0.060%	$473K	$50K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.181%	$20K	$12K	12x	as long as short
Lighter RH ORCL	+0.0040%	1h	149.29	−0.027%	$621K	$323K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.33	0.000%	—	$127K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ORCL-USD	+0.0050%	1h	149.31	−0.013%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.16	−0.114%	$696K	$713K	10x	as long as short
QFEX ORCL-USD	+0.0075%	1h	149.24	−0.060%	$1.1M	$2.9M	10x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.35	+0.013%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0136%	8h	149.42	+0.060%	$1.3M	$363K	—	as long as short
Binance ORCLUSDT	+0.0192%	8h	149.30	−0.018%	$25.1M	$35.2M	20x	as long as short
Extended ORCL_24_5-USD	+0.0192%	1h	149.28	−0.036%	$386K	$1.4M	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0251%	8h	149.43	+0.069%	$1K	$192K	10x	as long as short
KuCoin ORCLUSDTM	+0.0276%	8h	149.48	+0.100%	$260K	$250K	20x	as long as short
Polymarket Perps ORCL-USD	+0.0306%	1h	149.20	−0.087%	$131K	$98K	10x	as long as short
OKX ORCL-USDT-SWAPlong	+0.0317%	8h	149.33	long leg	$4.8M	$5.5M	20x
Bitget ORCLUSDT	+0.0397%	8h	149.29	−0.027%	$7.6M	$4.2M	20x	as long as short
tradeXYZ xyz:ORCL	+0.0423%	1h	149.16	−0.114%	$21.5M	$7.0M	10x	as long as short
Arcus ORCL-USDshort	+0.0467%	1h	149.27	−0.040%	$86K	$79K	10x
ApeX Omni ORACLEUSDT	+0.0479%	1h	149.42	+0.060%	$22K	$266K	50x	as long as short
Phoenix ORCL	+0.0538%	1h	149.30	−0.020%	$150K	$84K	10x	as long as short
Bybit ORCLUSDT	+0.0687%	8h	149.34	+0.007%	$3.5M	$1.5M	50x	as long as short
BloFin ORCL-USDT	+0.0740%	8h	149.43	+0.067%	$47K	$51K	20x	as long as short