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

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.100%
Price spread now: Ondo Perps against BloFin−0.288%695s7-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−0.156%−$16 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Ondo Perps is 0.288% cheaper against BloFin than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 695 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 -0.156% in total (about -8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ORCL-USDT149.450.0523pay 0.0523% / 8h6h 37m$47K$43K20x
ShortOndo Perps ORCL-USD.P149.020.0050get 0.0006% / 1h37m 26s$710K$679K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against BloFin. 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
−$99.19
Price spread: −0.288% → 0.000%
−$28.77
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$144.96
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Ondo Perps: 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 BloFin no order-book sample
Sell Ondo Perps no order-book sample
BloFin and Ondo Perps: 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−0.0544%4h149.18−0.182%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.29−0.104%$93K$16K20xas long as short
SunX ORCL-USDT0.0000%8h149.39−0.040%$2K$2.8M10xas long as short
HTX ORCL-USDT0.0000%8h149.35−0.067%$52K$23K20xas long as short
Lighter ORCL+0.0032%1h149.27−0.120%$473K$50K10xas long as short
Lighter RH ORCL+0.0032%1h149.19−0.174%$621K$317K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−0.261%$20K$12K12xas long as short
Arcus ORCL-USD+0.0040%1h149.14−0.207%$86K$80K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.21−0.161%$67K25xas long as short
Polymarket Perps ORCL-USD+0.0050%1h149.12−0.221%$131K$90K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ORCL-USD+0.0050%1h149.15−0.201%$30K$3K10xas long as short
Ondo Perps ORCL-USD.Pshort+0.0050%1h149.02−0.288%$710K$679K10x
QFEX ORCL-USD+0.0057%1h149.14−0.207%$1.1M$2.8M10xas long as short
Nado ORCL-PERP+0.0059%1h149.06−0.264%$92K$18K10xas long as short
tradeXYZ xyz:ORCL+0.0066%1h149.11−0.228%$21.5M$6.7M10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.04−0.274%$22K$266K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.14−0.207%$19010xas long as short
Gate ORCL_USDT+0.0151%8h149.23−0.147%$2.3M$2.9M25xas long as short
GRVT ORCL_USDT_Perp+0.0171%8h149.21−0.161%$2K$180K10xas long as short
Variational Omni ORCL+0.0200%8h149.22−0.153%$1.3M$363Kas long as short
Binance ORCLUSDT+0.0244%8h149.17−0.187%$24.9M$35.2M20xas long as short
Extended ORCL_24_5-USD+0.0248%1h149.14−0.209%$388K$1.3M10xas long as short
Bitget ORCLUSDT+0.0256%8h149.26−0.127%$7.6M$4.0M20xas long as short
KuCoin ORCLUSDTM+0.0308%8h149.32−0.087%$260K$261K20xas long as short
OKX ORCL-USDT-SWAP+0.0322%8h149.23−0.147%$4.9M$5.6M20xas long as short
Bybit ORCLUSDT+0.0496%8h149.26−0.127%$3.5M$1.4M50xas long as short
BloFin ORCL-USDTlong+0.0523%8h149.45long leg$47K$43K20x
Phoenix ORCL+0.0535%1h149.11−0.228%$152K$75K10xas long as short