Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0403%/8h= +44.1% APRpaid last 24h +0.129%

Price spread now: Bybit against SoDEX−0.061%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Bybit

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.061% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ORCL-USD	148.59	0.0050	pay 0.0006% / 1h	30m 44s	$30K	$3K	10x
Short	Bybit ORCLUSDT	148.50	0.0453	get 0.0453% / 8h	7h 30m	$4.1M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SoDEX. 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 SoDEXbpFee BybitbpOrdersPrice spread, now −0.061%Rate

Funding earned: $84.62
Price spread: −0.061% → 0.000%: −$6.06
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $59.56
Costs to cover: 0.190%
Break-even: 2.1 days

Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 2 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.68 bp	13.8 bp −$14	21.2 bp −$212	doesn't fit	doesn't fit

SoDEX: 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	−0.0211%	4h	148.71	+0.079%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.86	+0.182%	$97K	$20K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	148.59	0.000%	$7.7M	$2.6M	20x	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.78	+0.129%	$1K	$149K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	148.82	+0.155%	$2K	$2.6M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.87	+0.188%	$52K	$25K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.51	−0.054%	$474K	$59K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	148.46	−0.087%	$602K	$315K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.316%	$20K	$9K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	148.53	−0.040%	$86K	$79K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ORCL-USD-PERP	+0.0046%	1h	148.60	+0.007%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.46	−0.087%	$130K	$80K	10x	as long as short
SoDEX ORCL-USDlong	+0.0050%	1h	148.59	long leg	$30K	$3K	10x
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.57	−0.013%	$707K	$846K	10x	as long as short
Nado ORCL-PERP	+0.0054%	1h	148.50	−0.062%	$88K	$22K	10x	as long as short
QFEX ORCL-USD	+0.0065%	1h	148.58	−0.007%	$1.1M	$1.9M	10x	as long as short
tradeXYZ xyz:ORCL	+0.0067%	1h	148.39	−0.135%	$21.6M	$6.9M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	148.57	−0.013%	$240K	$315K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.60	+0.007%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.65	+0.040%	$189	—	10x	as long as short
Variational Omni ORCL	+0.0139%	8h	148.60	+0.007%	$1.2M	$428K	—	as long as short
OKX ORCL-USDT-SWAP	+0.0199%	8h	148.51	−0.054%	$4.9M	$5.9M	20x	as long as short
Binance ORCLUSDT	+0.0228%	8h	148.52	−0.047%	$25.0M	$36.3M	20x	as long as short
Extended ORCL_24_5-USD	+0.0232%	1h	148.49	−0.069%	$388K	$2.1M	10x	as long as short
Gate ORCL_USDT	+0.0240%	8h	148.63	+0.027%	$2.3M	$2.9M	25x	as long as short
Bybit ORCLUSDTshort	+0.0453%	8h	148.50	−0.061%	$4.1M	$1.9M	50x
BloFin ORCL-USDT	+0.0455%	8h	148.71	+0.081%	$48K	$45K	20x	as long as short
Phoenix ORCL	+0.0537%	1h	148.66	+0.047%	$152K	$73K	10x	as long as short