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

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0164%/8h= +17.9% APRpaid last 24h +0.030%
Price spread now: KuCoin against QFEX+0.080%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2922.919% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.100%+$10 on $10k
Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.080%, 7d avg +0.029%
Together, before fees+0.030%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.051% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX ORCL-USD149.470.0058pay 0.0007% / 1h5m 27s$1.1M$2.1M10x
ShortKuCoin ORCLUSDTM149.590.0222get 0.0222% / 8h2h 05m$240K$284K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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
$34.41
Price spread: +0.080% → +0.029%
$5.11
Slippage, 4 orders
−$269.92
Fee QFEX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$252.41
Costs to cover
2.919%
Break-even
58.4 days
Slippage from QFEX: live order book, 2 min ago; KuCoin: live order book, 51 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 QFEX live order book, 2 min ago11.04 bp31.9 bp −$3233.2 bp −$332doesn't fitdoesn't fit
Sell KuCoin live order book, 51 min ago10.67 bp76.8 bp −$77doesn'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−0.0885%4h149.45−0.011%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.39−0.053%$98K$20K20xas long as short
Bitget ORCLUSDT0.0000%8h149.56+0.060%$7.7M$3.7M20xas long as short
SunX ORCL-USDT0.0000%8h149.69+0.147%$3K$2.7M10xas long as short
HTX ORCL-USDT0.0000%8h149.55+0.054%$52K$25K20xas long as short
Lighter ORCL+0.0032%1h149.56+0.060%$474K$51K10xas long as short
Lighter RH ORCL+0.0032%1h149.470.000%$623K$323K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−0.274%$20K$12K12xas long as short
Arcus ORCL-USD+0.0040%1h149.37−0.067%$87K$79K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.54+0.047%$67K25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:ORCL+0.0050%1h149.36−0.074%$21.6M$6.9M10xas long as short
Polymarket Perps ORCL-USD+0.0050%1h149.40−0.047%$131K$92K10xas long as short
SoDEX ORCL-USD+0.0050%1h149.48+0.007%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h149.26−0.140%$695K$885K10xas long as short
QFEX ORCL-USDlong+0.0058%1h149.47long leg$1.1M$2.1M10x
Nado ORCL-PERP+0.0058%1h149.40−0.045%$88K$22K10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.38−0.060%$22K$263K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.470.000%$19010xas long as short
GRVT ORCL_USDT_Perp+0.0170%8h149.50+0.017%$1K$164K10xas long as short
Variational Omni ORCL+0.0188%8h149.45−0.011%$1.2M$423Kas long as short
KuCoin ORCLUSDTMshort+0.0222%8h149.59+0.080%$240K$284K20x
Gate ORCL_USDT+0.0247%8h149.54+0.047%$2.3M$3.1M25xas long as short
Extended ORCL_24_5-USD+0.0272%1h149.44−0.019%$388K$1.6M10xas long as short
Binance ORCLUSDT+0.0275%8h149.49+0.012%$25.0M$35.9M20xas long as short
OKX ORCL-USDT-SWAP+0.0299%8h149.50+0.020%$4.9M$6.0M20xas long as short
Phoenix ORCL+0.0428%1h149.36−0.074%$153K$75K10xas long as short
Bybit ORCLUSDT+0.0625%8h149.56+0.060%$4.1M$1.9M50xas long as short
BloFin ORCL-USDT+0.0631%8h149.56+0.060%$47K$44K20xas long as short