Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0302%/8h= +33.1% APRpaid last 24h +0.177%

Price spread now: Nado against edgeX−0.221%62s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.221% cheaper against edgeX than usual: you would sell low and buy high (spread −0.221% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 2.4 days of funding at the current rate (+$9 a day). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ORCLUSDC	149.25	−0.0249	get 0.0124% / 4h	6m 38s	$28K	$214K	10x
Short	Nado ORCL-PERP	148.92	0.0054	get 0.0007% / 1h	6m 38s	$88K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.221%Rate

Funding earned: $63.43
Price spread: −0.221% → 0.000%: −$22.06
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $25.36
Costs to cover: 0.160%
Break-even: 4.2 days

Slippage unknown: edgeX: live order book, 30 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 edgeX live order book, 30 min ago	6.03 bp	10.9 bp −$11	18.5 bp −$185	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 ORCLUSDClong	−0.0249%	4h	149.25	long leg	$28K	$214K	10x
Aster ORCLUSDT	0.0000%	8h	149.23	−0.012%	$98K	$20K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	149.18	−0.044%	$7.7M	$2.7M	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.34	+0.064%	$2K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.32	+0.050%	$52K	$25K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.10	−0.097%	$476K	$59K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.07	−0.117%	$622K	$320K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.124%	$20K	$9K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.08	−0.111%	$86K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.08	−0.111%	—	$67K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ORCL	+0.0050%	1h	148.95	−0.198%	$21.7M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.01	−0.157%	$130K	$81K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.09	−0.104%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.94	−0.204%	$710K	$878K	10x	as long as short
Nado ORCL-PERPshort	+0.0054%	1h	148.92	−0.221%	$88K	$22K	10x
QFEX ORCL-USD	+0.0057%	1h	149.03	−0.144%	$1.1M	$2.0M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	149.15	−0.064%	$241K	$278K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.25	+0.003%	$22K	$264K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.07	−0.117%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0174%	8h	149.22	−0.019%	$1.2M	$424K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0187%	8h	149.30	+0.035%	$1K	$155K	10x	as long as short
Gate ORCL_USDT	+0.0203%	8h	149.16	−0.057%	$2.3M	$3.0M	25x	as long as short
OKX ORCL-USDT-SWAP	+0.0216%	8h	149.11	−0.090%	$4.9M	$6.0M	20x	as long as short
Extended ORCL_24_5-USD	+0.0264%	1h	149.05	−0.128%	$390K	$2.1M	10x	as long as short
Binance ORCLUSDT	+0.0265%	8h	149.08	−0.108%	$25.1M	$36.9M	20x	as long as short
Phoenix ORCL	+0.0483%	1h	149.16	−0.057%	$152K	$72K	10x	as long as short
BloFin ORCL-USDT	+0.0527%	8h	149.26	+0.010%	$47K	$45K	20x	as long as short
Bybit ORCLUSDT	+0.0545%	8h	149.12	−0.084%	$4.1M	$1.9M	50x	as long as short