Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0093%/8h= +10.1% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against Orderly−0.080%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.080% cheaper against Orderly than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ORCL_USDC_mythos	149.12	0.0100	pay 0.0100% / 8h	35m 50s	$190	—	10x
Short	tradeXYZ xyz:ORCL	149.00	0.0193	get 0.0024% / 1h	35m 50s	$21.4M	$8.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.080%Rate

Funding earned: $19.44
Price spread: −0.080% → 0.000%: −$8.05
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$12.6
Costs to cover: 0.240%
Break-even: 11.5 days

Slippage unknown: Orderly: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 3 min ago	0.34 bp	10.5 bp −$11	14.0 bp −$140	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 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	−0.0051%	4h	149.10	−0.014%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.17	+0.037%	$93K	$16K	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	149.14	+0.013%	$2.3M	$2.9M	25x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.36	+0.161%	$3K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.12	0.000%	$52K	$23K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.12	0.000%	$472K	$53K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.040%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.05	−0.047%	—	$127K	25x	as long as short
GRVT ORCL_USDT_Perp	+0.0046%	8h	149.09	−0.020%	$2K	$196K	10x	as long as short
Variational Omni ORCL	+0.0050%	8h	149.12	−0.001%	$1.3M	$314K	—	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	149.11	−0.007%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.87	−0.168%	$708K	$693K	10x	as long as short
Polymarket Perps ORCL-USD	+0.0056%	1h	149.00	−0.080%	$131K	$122K	10x	as long as short
QFEX ORCL-USD	+0.0071%	1h	149.10	−0.013%	$1.1M	$2.9M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.13	+0.007%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythoslong	+0.0100%	8h	149.12	long leg	$190	—	10x
Binance ORCLUSDT	+0.0103%	8h	149.14	+0.013%	$24.9M	$35.6M	20x	as long as short
Extended ORCL_24_5-USD	+0.0104%	1h	149.11	−0.004%	$386K	$1.4M	10x	as long as short
Nado ORCL-PERP	+0.0183%	1h	148.88	−0.164%	$92K	$18K	10x	as long as short
Lighter RH ORCL	+0.0192%	1h	149.10	−0.013%	$620K	$462K	10x	as long as short
tradeXYZ xyz:ORCLshort	+0.0193%	1h	149.00	−0.080%	$21.4M	$8.5M	10x
KuCoin ORCLUSDTM	+0.0211%	8h	149.16	+0.027%	$259K	$236K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0284%	8h	149.10	−0.013%	$4.7M	$5.7M	20x	as long as short
Arcus ORCL-USD	+0.0289%	1h	148.99	−0.087%	$86K	$84K	10x	as long as short
Bitget ORCLUSDT	+0.0354%	8h	149.16	+0.027%	$7.4M	$4.7M	20x	as long as short
Bybit ORCLUSDT	+0.0527%	8h	149.11	−0.007%	$3.5M	$1.6M	50x	as long as short
Phoenix ORCL	+0.0538%	1h	149.00	−0.080%	$149K	$84K	10x	as long as short
BloFin ORCL-USDT	+0.0543%	8h	149.17	+0.034%	$47K	$51K	20x	as long as short