Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Aster against Ondo Perps+0.051%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.051% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ORCL-USD.P	149.26	0.0050	pay 0.0006% / 1h	32m 06s	$699K	$728K	10x
Short	Aster ORCLUSDT	149.34	0	get 0.0000% / 8h	5h 32m	$94K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$10.58
Price spread: +0.051% → 0.000%: $5.13
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.45
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Ondo Perps 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	−0.0441%	4h	149.31	+0.036%	$28K	$214K	10x	as long as short
Aster ORCLUSDTshort	0.0000%	8h	149.34	+0.051%	$94K	$16K	20x
SunX ORCL-USDT	0.0000%	8h	149.72	+0.308%	$2K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.56	+0.201%	$52K	$23K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.48	+0.147%	$474K	$51K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.47	+0.141%	$622K	$318K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.134%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.31	+0.033%	$87K	$79K	10x	as long as short
Gate ORCL_USDT	+0.0041%	8h	149.51	+0.167%	$2.3M	$2.9M	25x	as long as short
Bitget ORCLUSDT	+0.0042%	8h	149.54	+0.188%	$7.7M	$4.0M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ORCL-USD-PERP	+0.0046%	1h	149.46	+0.134%	—	$67K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	149.34	+0.054%	$21.5M	$6.8M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.39	+0.087%	$131K	$90K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.47	+0.141%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.Plong	+0.0050%	1h	149.26	long leg	$699K	$728K	10x
QFEX ORCL-USD	+0.0059%	1h	149.45	+0.127%	$1.1M	$2.7M	10x	as long as short
Nado ORCL-PERP	+0.0064%	1h	149.34	+0.052%	$92K	$18K	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.28	+0.013%	$22K	$267K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.43	+0.114%	$190	—	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0138%	8h	149.38	+0.080%	$2K	$179K	10x	as long as short
Variational Omni ORCL	+0.0177%	8h	149.31	+0.031%	$1.3M	$363K	—	as long as short
Binance ORCLUSDT	+0.0244%	8h	149.53	+0.178%	$24.9M	$35.4M	20x	as long as short
Extended ORCL_24_5-USD	+0.0248%	1h	149.45	+0.126%	$387K	$1.3M	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0326%	8h	149.51	+0.167%	$4.9M	$5.5M	20x	as long as short
KuCoin ORCLUSDTM	+0.0330%	8h	149.49	+0.154%	$261K	$267K	20x	as long as short
Bybit ORCLUSDT	+0.0514%	8h	149.59	+0.221%	$3.7M	$1.5M	50x	as long as short
Phoenix ORCL	+0.0536%	1h	149.31	+0.033%	$153K	$75K	10x	as long as short
BloFin ORCL-USDT	+0.0541%	8h	149.54	+0.188%	$47K	$43K	20x	as long as short