Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h −0.019%

Price spread now: Nado against Variational Omni−0.085%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.085% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.2 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ORCL	148.86	0	get 0.0000% / 8h	2h 11m	$1.3M	$221K	—
Short	Nado ORCL-PERP	148.73	0.0128	get 0.0016% / 1h	11m 59s	$92K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.085%Rate

Funding earned: $26.92
Price spread: −0.085% → 0.000%: −$8.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $11.45
Costs to cover: 0.070%
Break-even: 4.0 days

Slippage unknown: Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	3.06 bp	doesn't fit	41.1 bp −$411	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	−0.0681%	4h	148.86	+0.001%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.90	+0.031%	$93K	$16K	20x	as long as short
Extended ORCL_24_5-USD	0.0000%	1h	148.85	−0.008%	$385K	$1.4M	10x	as long as short
Binance ORCLUSDT	0.0000%	8h	148.86	+0.001%	$24.8M	$35.9M	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	148.92	+0.041%	$2.2M	$3.1M	25x	as long as short
Variational Omni ORCLlong	0.0000%	8h	148.86	long leg	$1.3M	$221K	—
GRVT ORCL_USDT_Perp	0.0000%	8h	148.85	−0.003%	$2K	$204K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.07	+0.142%	$2K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.95	+0.062%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.95	+0.062%	$472K	$53K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ORCL	+0.0032%	1h	148.91	+0.035%	$623K	$465K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.135%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.83	−0.019%	—	$127K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.78	−0.053%	$21.5M	$8.6M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.78	−0.053%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.85	−0.006%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.67	−0.126%	$737K	$611K	10x	as long as short
QFEX ORCL-USD	+0.0053%	1h	148.85	−0.006%	$1.1M	$2.8M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	148.98	+0.082%	$259K	$203K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.87	+0.008%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.84	−0.012%	$189	—	10x	as long as short
Nado ORCL-PERPshort	+0.0128%	1h	148.73	−0.085%	$92K	$18K	10x
OKX ORCL-USDT-SWAP	+0.0207%	8h	148.87	+0.008%	$4.7M	$5.7M	20x	as long as short
Arcus ORCL-USD	+0.0251%	1h	148.82	−0.026%	$78K	$80K	10x	as long as short
Bitget ORCLUSDT	+0.0313%	8h	148.88	+0.015%	$7.4M	$4.7M	20x	as long as short
Phoenix ORCL	+0.0431%	1h	148.80	−0.039%	$149K	$100K	10x	as long as short
Bybit ORCLUSDT	+0.0476%	8h	148.91	+0.035%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0503%	8h	148.94	+0.055%	$47K	$51K	20x	as long as short