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

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.032%
Price spread now: KuCoin against Polymarket Perps+0.121%49s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1511.509% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.114%+$11 on $10k
Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.121%, 7d avg +0.067%
Together, before fees+0.048%+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.054% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.067%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ORCL-USD149.290.0209pay 0.0026% / 1h51m 34s$131K$98K10x
ShortKuCoin ORCLUSDTM149.470.0282get 0.0282% / 8h7h 51m$260K$250K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket 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

Funding earned
$15.34
Price spread: +0.121% → +0.067%
$5.35
Slippage, 4 orders
−$130.9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$130.2
Costs to cover
1.509%
Break-even
66.4 days
Slippage from Polymarket Perps: live order book, 20 min ago; KuCoin: live order book, 69 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 20 min ago2.35 bp7.7 bp −$88.2 bp −$82doesn't fitdoesn't fit
Sell KuCoin live order book, 69 min ago6.04 bp68.3 bp −$68doesn't fitdoesn't fitdoesn't fit

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−0.0886%4h149.38+0.059%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.41+0.078%$94K$16K20xas long as short
SunX ORCL-USDT0.0000%8h149.64+0.234%$3K$2.8M10xas long as short
HTX ORCL-USDT0.0000%8h149.46+0.114%$52K$22K20xas long as short
Lighter ORCL+0.0032%1h149.45+0.107%$473K$50K10xas long as short
Lighter RH ORCL+0.0032%1h149.36+0.047%$621K$323K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−0.154%$20K$12K12xas long as short
Nado ORCL-PERP+0.0039%1h149.22−0.049%$92K$18K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.36+0.047%$127K25xas long as short
SoDEX ORCL-USD+0.0050%1h149.36+0.047%$30K$3K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ORCL-USD.P+0.0050%1h149.24−0.033%$702K$704K10xas long as short
QFEX ORCL-USD+0.0075%1h149.30+0.007%$1.1M$2.9M10xas long as short
Gate ORCL_USDT+0.0081%8h149.38+0.060%$2.3M$2.9M25xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.35+0.040%$22K$266K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.35+0.040%$19010xas long as short
Variational Omni ORCL+0.0136%8h149.42+0.087%$1.3M$363Kas long as short
GRVT ORCL_USDT_Perp+0.0190%8h149.36+0.048%$1K$192K10xas long as short
Extended ORCL_24_5-USD+0.0192%1h149.32+0.019%$386K$1.5M10xas long as short
Binance ORCLUSDT+0.0194%8h149.32+0.020%$25.1M$35.1M20xas long as short
Polymarket Perps ORCL-USDlong+0.0209%1h149.29long leg$131K$98K10x
KuCoin ORCLUSDTMshort+0.0282%8h149.47+0.121%$260K$250K20x
tradeXYZ xyz:ORCL+0.0296%1h149.20−0.060%$21.5M$7.0M10xas long as short
OKX ORCL-USDT-SWAP+0.0315%8h149.42+0.087%$4.8M$5.5M20xas long as short
Bitget ORCLUSDT+0.0399%8h149.39+0.067%$7.6M$4.1M20xas long as short
Arcus ORCL-USD+0.0467%1h149.25−0.027%$86K$80K10xas long as short
Bybit ORCLUSDT+0.0657%8h149.39+0.067%$3.5M$1.5M50xas long as short
Phoenix ORCL+0.0697%1h149.31+0.013%$150K$84K10xas long as short
BloFin ORCL-USDT+0.0729%8h149.38+0.060%$47K$51K20xas long as short