Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.011%

Price spread now: Nado against SunX−0.309%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 Nado

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.309% cheaper against SunX than usual: you would sell low and buy high (spread −0.309% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 16 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ORCL-USDT	149.81	0	get 0.0000% / 8h	7h 32m	$3K	$2.8M	10x
Short	Nado ORCL-PERP	149.35	0.0063	get 0.0008% / 1h	32m 08s	$92K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.309%Rate

Funding earned: $13.17
Price spread: −0.309% → 0.000%: −$30.92
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$32.76
Costs to cover: 0.150%
Break-even: 24.4 days

Slippage unknown: SunX: live order book, 5 min ago; Nado: 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, 5 min ago	29.73 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	−0.0202%	4h	149.45	−0.243%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.60	−0.137%	$94K	$16K	20x	as long as short
SunX ORCL-USDTlong	0.0000%	8h	149.81	long leg	$3K	$2.8M	10x
HTX ORCL-USDT	0.0000%	8h	149.37	−0.294%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.67	−0.093%	$474K	$50K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.60	−0.140%	$622K	$323K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.501%	$20K	$12K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.53	−0.187%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.48	−0.220%	$132K	$91K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.52	−0.194%	$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	149.31	−0.334%	$702K	$698K	10x	as long as short
Nado ORCL-PERPshort	+0.0063%	1h	149.35	−0.309%	$92K	$18K	10x
QFEX ORCL-USD	+0.0075%	1h	149.52	−0.194%	$1.1M	$2.8M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.36	−0.300%	$22K	$266K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.56	−0.167%	$190	—	10x	as long as short
tradeXYZ xyz:ORCL	+0.0119%	1h	149.48	−0.220%	$21.5M	$6.9M	10x	as long as short
Gate ORCL_USDT	+0.0150%	8h	149.61	−0.134%	$2.3M	$2.9M	25x	as long as short
Variational Omni ORCL	+0.0156%	8h	149.49	−0.216%	$1.3M	$363K	—	as long as short
Binance ORCLUSDT	+0.0208%	8h	149.62	−0.127%	$25.1M	$35.1M	20x	as long as short
Extended ORCL_24_5-USD	+0.0208%	1h	149.57	−0.161%	$388K	$1.5M	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0211%	8h	149.43	−0.254%	$1K	$184K	10x	as long as short
KuCoin ORCLUSDTM	+0.0298%	8h	149.52	−0.194%	$261K	$254K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0321%	8h	149.60	−0.140%	$4.8M	$5.5M	20x	as long as short
Bitget ORCLUSDT	+0.0397%	8h	149.63	−0.120%	$7.7M	$4.1M	20x	as long as short
Arcus ORCL-USD	+0.0467%	1h	149.37	−0.294%	$87K	$80K	10x	as long as short
BloFin ORCL-USDT	+0.0507%	8h	149.53	−0.187%	$47K	$43K	20x	as long as short
Bybit ORCLUSDT	+0.0530%	8h	149.66	−0.100%	$3.5M	$1.4M	50x	as long as short
Phoenix ORCL	+0.0697%	1h	149.18	−0.421%	$151K	$84K	10x	as long as short