Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.027%

Price spread now: Extended against Orderly−0.023%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.023% cheaper against Orderly than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ORCL_USDC_mythos	149.28	0.0100	pay 0.0100% / 8h	6h 00m	$190	—	10x
Short	Extended ORCL_24_5-USD	149.25	0.0248	get 0.0031% / 1h	0m 07s	$389K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now −0.023%Rate

Funding earned: $31.08
Price spread: −0.023% → 0.000%: −$2.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $17.78
Costs to cover: 0.110%
Break-even: 3.0 days

Slippage unknown: Orderly: no order-book sample; Extended: 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 3 min ago	1.67 bp	8.2 bp −$8	50.0 bp −$500	doesn't fit	doesn't fit

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 27 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	−0.0343%	4h	149.38	+0.068%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.15	−0.088%	$93K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.51	+0.154%	$3K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.41	+0.087%	$52K	$23K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.37	+0.060%	$473K	$50K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.28	0.000%	$621K	$318K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.147%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.26	−0.013%	$86K	$80K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.30	+0.013%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.23	−0.033%	$131K	$90K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ORCL-USD	+0.0050%	1h	149.29	+0.007%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.21	−0.047%	$697K	$717K	10x	as long as short
QFEX ORCL-USD	+0.0057%	1h	149.25	−0.020%	$1.1M	$2.7M	10x	as long as short
Nado ORCL-PERP	+0.0075%	1h	149.17	−0.077%	$92K	$18K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0076%	1h	149.16	−0.080%	$21.5M	$6.7M	10x	as long as short
Gate ORCL_USDT	+0.0089%	8h	149.35	+0.047%	$2.3M	$2.9M	25x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.37	+0.060%	$22K	$267K	50x	as long as short
Orderly PERP_ORCL_USDC_mythoslong	+0.0100%	8h	149.28	long leg	$190	—	10x
Bitget ORCLUSDT	+0.0123%	8h	149.40	+0.080%	$7.7M	$4.0M	20x	as long as short
GRVT ORCL_USDT_Perp	+0.0162%	8h	149.39	+0.074%	$2K	$179K	10x	as long as short
Variational Omni ORCL	+0.0191%	8h	149.35	+0.049%	$1.3M	$363K	—	as long as short
Extended ORCL_24_5-USDshort	+0.0248%	1h	149.25	−0.023%	$389K	$1.3M	10x
Binance ORCLUSDT	+0.0251%	8h	149.28	−0.002%	$24.9M	$35.4M	20x	as long as short
KuCoin ORCLUSDTM	+0.0324%	8h	149.43	+0.100%	$260K	$267K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0335%	8h	149.30	+0.013%	$4.9M	$5.6M	20x	as long as short
Bybit ORCLUSDT	+0.0517%	8h	149.36	+0.054%	$3.5M	$1.4M	50x	as long as short
Phoenix ORCL	+0.0535%	1h	149.32	+0.027%	$153K	$75K	10x	as long as short