Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0467%/8h= +51.2% APRpaid last 24h +0.085%

Price spread now: Arcus against SunX−0.220%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 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. Arcus is 0.220% cheaper against SunX than usual: you would sell low and buy high (spread −0.220% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 38 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ORCL-USDT	149.78	0	get 0.0000% / 8h	7h 05m	$2K	$2.8M	10x
Short	Arcus ORCL-USD	149.45	0.0467	get 0.0058% / 1h	5m 49s	$87K	$79K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.220%Rate

Funding earned: $98.15
Price spread: −0.220% → 0.000%: −$22.03
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $63.62
Costs to cover: 0.125%
Break-even: 2.5 days

Slippage unknown: SunX: live order book, 2 min ago; Arcus: no order-book sample. 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 SunX live order book, 2 min ago	29.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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	−0.0982%	4h	149.51	−0.182%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.58	−0.136%	$94K	$16K	20x	as long as short
SunX ORCL-USDTlong	0.0000%	8h	149.78	long leg	$2K	$2.8M	10x
HTX ORCL-USDT	0.0000%	8h	149.62	−0.107%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.58	−0.134%	$474K	$50K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.56	−0.147%	$622K	$323K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.481%	$20K	$12K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.55	−0.154%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.45	−0.220%	$132K	$91K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.54	−0.160%	$30K	$3K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.34	−0.294%	$703K	$697K	10x	as long as short
Nado ORCL-PERP	+0.0066%	1h	149.45	−0.222%	$92K	$18K	10x	as long as short
QFEX ORCL-USD	+0.0075%	1h	149.49	−0.194%	$1.2M	$2.8M	10x	as long as short
tradeXYZ xyz:ORCL	+0.0088%	1h	149.45	−0.220%	$21.5M	$6.7M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.35	−0.287%	$22K	$266K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.51	−0.180%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0204%	8h	149.54	−0.159%	$1.3M	$363K	—	as long as short
Extended ORCL_24_5-USD	+0.0248%	1h	149.51	−0.178%	$386K	$1.3M	10x	as long as short
Binance ORCLUSDT	+0.0249%	8h	149.55	−0.154%	$25.1M	$35.2M	20x	as long as short
Gate ORCL_USDT	+0.0252%	8h	149.61	−0.113%	$2.3M	$2.9M	25x	as long as short
KuCoin ORCLUSDTM	+0.0305%	8h	149.63	−0.100%	$261K	$261K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0323%	8h	149.59	−0.127%	$4.8M	$5.5M	20x	as long as short
GRVT ORCL_USDT_Perp	+0.0350%	8h	149.51	−0.182%	$2K	$181K	10x	as long as short
Bitget ORCLUSDT	+0.0389%	8h	149.63	−0.100%	$7.7M	$4.0M	20x	as long as short
Arcus ORCL-USDshort	+0.0467%	1h	149.45	−0.220%	$87K	$79K	10x
BloFin ORCL-USDT	+0.0592%	8h	149.59	−0.127%	$47K	$43K	20x	as long as short
Bybit ORCLUSDT	+0.0605%	8h	149.60	−0.120%	$3.5M	$1.4M	50x	as long as short
Phoenix ORCL	+0.0697%	1h	149.48	−0.200%	$153K	$84K	10x	as long as short