Settings8H · net · $10k
Funding arb · Price arb /

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.011%
Price spread now: QFEX against Orderly−0.047%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.047% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ORCL_USDC_mythos148.650.0100pay 0.0100% / 8h7h 31m$18910x
ShortQFEX ORCL-USD148.580.0065get 0.0008% / 1h31m 23s$1.1M$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
−$7.36
Price spread: −0.047% → 0.000%
−$4.71
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$28.07
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell QFEX live order book, 6 min ago1.68 bp6.7 bp −$77.6 bp −$76doesn't fitdoesn'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 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0211%4h148.71+0.039%$28K$215K10xas long as short
Aster ORCLUSDT0.0000%8h148.86+0.141%$97K$20K20xas long as short
Bitget ORCLUSDT0.0000%8h148.650.000%$7.7M$2.6M20xas long as short
GRVT ORCL_USDT_Perp0.0000%8h148.78+0.089%$1K$149K10xas long as short
SunX ORCL-USDT0.0000%8h148.82+0.114%$2K$2.6M10xas long as short
HTX ORCL-USDT0.0000%8h148.87+0.148%$52K$25K20xas long as short
Lighter ORCL+0.0032%1h148.650.000%$475K$59K10xas long as short
Lighter RH ORCL+0.0032%1h148.61−0.027%$602K$315K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06+0.276%$20K$9K12xas long as short
Arcus ORCL-USD+0.0040%1h148.53−0.081%$86K$79K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest ORCL-USD-PERP+0.0046%1h148.60−0.034%$67K25xas long as short
Polymarket Perps ORCL-USD+0.0050%1h148.46−0.128%$130K$80K10xas long as short
SoDEX ORCL-USD+0.0050%1h148.59−0.040%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h148.57−0.054%$707K$846K10xas long as short
Nado ORCL-PERP+0.0054%1h148.50−0.102%$88K$22K10xas long as short
tradeXYZ xyz:ORCL+0.0063%1h148.45−0.135%$21.6M$6.9M10xas long as short
QFEX ORCL-USDshort+0.0065%1h148.58−0.047%$1.1M$1.9M10x
KuCoin ORCLUSDTM+0.0100%8h148.67+0.013%$240K$315K20xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h148.60−0.034%$22K$263K50xas long as short
Orderly PERP_ORCL_USDC_mythoslong+0.0100%8h148.65long leg$18910x
Variational Omni ORCL+0.0152%8h148.78+0.088%$1.2M$428Kas long as short
OKX ORCL-USDT-SWAP+0.0199%8h148.62−0.020%$4.9M$5.9M20xas long as short
Binance ORCLUSDT+0.0230%8h148.61−0.027%$25.1M$36.2M20xas long as short
Extended ORCL_24_5-USD+0.0232%1h148.57−0.054%$390K$2.1M10xas long as short
Gate ORCL_USDT+0.0240%8h148.73+0.054%$2.3M$2.9M25xas long as short
Bybit ORCLUSDT+0.0457%8h148.61−0.027%$4.1M$1.9M50xas long as short
BloFin ORCL-USDT+0.0468%8h148.74+0.061%$48K$45K20xas long as short
Phoenix ORCL+0.0537%1h148.66+0.007%$152K$73K10xas long as short