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

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0589%/8h= +64.5% APRnext payment +$5.89 per $10,000 · paid last 24h +0.034%
Price spread now: BloFin against Bitget−0.161%7-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+0.114%+$11 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 0.161% cheaper against Bitget than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 22 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.114% in total) that is about 9.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.89 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
LongBitget ORCLUSDT149.160get 0.0000% / 8h7h 17m$7.7M$2.6M20x
ShortBloFin ORCL-USDT148.920.0589get 0.0589% / 8h7h 17m$48K$45K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$123.65
Price spread: −0.161% → 0.000%
−$16.09
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$83.56
Costs to cover
0.240%
Break-even
2.3 days
Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago1.34 bp14.1 bp −$1420.7 bp −$207doesn'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−0.0899%4h148.91−0.170%$28K$215K10xas long as short
Aster ORCLUSDT0.0000%8h148.93−0.155%$97K$20K20xas long as short
Bitget ORCLUSDTlong0.0000%8h149.16long leg$7.7M$2.6M20x
GRVT ORCL_USDT_Perp0.0000%8h148.90−0.174%$1K$148K10xas long as short
SunX ORCL-USDT0.0000%8h149.17+0.007%$2K$2.6M10xas long as short
HTX ORCL-USDT0.0000%8h149.06−0.067%$52K$25K20xas long as short
Lighter ORCL+0.0032%1h149.10−0.040%$476K$59K10xas long as short
Lighter RH ORCL+0.0032%1h149.03−0.087%$604K$317K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−0.067%$20K$9K12xas long as short
Arcus ORCL-USD+0.0040%1h148.94−0.147%$86K$79K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest ORCL-USD-PERP+0.0046%1h148.96−0.134%$55K25xas long as short
Polymarket Perps ORCL-USD+0.0050%1h148.89−0.181%$130K$70K10xas long as short
SoDEX ORCL-USD+0.0050%1h149.00−0.107%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h148.76−0.268%$711K$840K10xas long as short
QFEX ORCL-USD+0.0065%1h149.04−0.080%$1.1M$1.9M10xas long as short
Nado ORCL-PERP+0.0066%1h148.84−0.213%$88K$22K10xas long as short
KuCoin ORCLUSDTM+0.0100%8h148.88−0.188%$241K$332K20xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h148.82−0.228%$22K$263K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.02−0.094%$19010xas long as short
tradeXYZ xyz:ORCL+0.0103%1h148.89−0.181%$21.8M$6.8M10xas long as short
Variational Omni ORCL+0.0112%8h148.82−0.226%$1.2M$428Kas long as short
OKX ORCL-USDT-SWAP+0.0197%8h148.99−0.114%$5.0M$5.9M20xas long as short
Extended ORCL_24_5-USD+0.0200%1h148.99−0.112%$386K$2.1M10xas long as short
Binance ORCLUSDT+0.0201%8h149.03−0.087%$25.1M$36.1M20xas long as short
Gate ORCL_USDT+0.0355%8h149.13−0.020%$2.3M$2.9M25xas long as short
Phoenix ORCL+0.0537%1h148.81−0.235%$152K$73K10xas long as short
Bybit ORCLUSDT+0.0563%8h149.06−0.067%$4.1M$1.8M50xas long as short
BloFin ORCL-USDTshort+0.0589%8h148.92−0.161%$48K$45K20x