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

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0523%/8h= +57.2% APRnext payment +$5.23 per $10,000 · paid last 24h +0.115%
Price spread now: BloFin against SunX−0.054%55s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.248%+$25 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BloFin is 0.054% cheaper against SunX than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.248% in total) that is about 36 hours. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.248% in total (about 13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ORCL-USDT149.530get 0.0000% / 8h6h 48m$2K$2.8M10x
ShortBloFin ORCL-USDT149.450.0523get 0.0523% / 8h6h 48m$47K$43K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$109.77
Price spread: −0.054% → 0.000%
−$5.35
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$84.42
Costs to cover
0.200%
Break-even
1.6 days
Slippage unknown: SunX: live order book, 9 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago29.73 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0494%4h149.41−0.078%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.46−0.044%$94K$16K20xas long as short
SunX ORCL-USDTlong0.0000%8h149.53long leg$2K$2.8M10x
HTX ORCL-USDT0.0000%8h149.55+0.013%$52K$22K20xas long as short
Lighter ORCL+0.0032%1h149.38−0.100%$473K$50K10xas long as short
Lighter RH ORCL+0.0032%1h149.31−0.147%$621K$317K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−0.314%$20K$12K12xas long as short
Arcus ORCL-USD+0.0040%1h149.35−0.120%$87K$80K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.34−0.127%$67K25xas long as short
Polymarket Perps ORCL-USD+0.0050%1h149.24−0.194%$131K$91K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ORCL-USD+0.0050%1h149.30−0.154%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h149.29−0.161%$708K$673K10xas long as short
tradeXYZ xyz:ORCL+0.0055%1h149.20−0.221%$21.5M$6.7M10xas long as short
QFEX ORCL-USD+0.0057%1h149.29−0.161%$1.1M$2.8M10xas long as short
Nado ORCL-PERP+0.0061%1h149.26−0.183%$92K$18K10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.46−0.047%$22K$266K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.27−0.174%$19010xas long as short
Variational Omni ORCL+0.0203%8h149.45−0.056%$1.3M$363Kas long as short
Gate ORCL_USDT+0.0221%8h149.36−0.114%$2.3M$2.9M25xas long as short
GRVT ORCL_USDT_Perp+0.0230%8h149.50−0.021%$2K$181K10xas long as short
Extended ORCL_24_5-USD+0.0248%1h149.25−0.191%$387K$1.3M10xas long as short
Binance ORCLUSDT+0.0250%8h149.28−0.166%$25.0M$35.2M20xas long as short
KuCoin ORCLUSDTM+0.0299%8h149.45−0.054%$261K$259K20xas long as short
OKX ORCL-USDT-SWAP+0.0316%8h149.36−0.114%$4.8M$5.6M20xas long as short
Bitget ORCLUSDT+0.0329%8h149.37−0.107%$7.6M$4.0M20xas long as short
BloFin ORCL-USDTshort+0.0523%8h149.45−0.054%$47K$43K20x
Bybit ORCLUSDT+0.0532%8h149.40−0.087%$3.5M$1.4M50xas long as short
Phoenix ORCL+0.0535%1h149.40−0.087%$153K$75K10xas long as short