Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.066%

Price spread now: ApeX Omni against Gate−0.007%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$790.786% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.007%, 7d avg −0.057%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.050% dearer against Gate than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.057%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORCL_USDT	149.62	0.0189	pay 0.0189% / 8h	7h 47m	$2.3M	$2.9M	25x
Short	ApeX Omni ORACLEUSDT	149.61	0.0100	get 0.0013% / 1h	47m 21s	$22K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.007%Rate

Funding earned: −$18.69
Price spread: −0.007% → −0.057%: $5
Slippage, 4 orders: −$53.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$92.29
Costs to cover: 0.786%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; ApeX Omni: live order book, 25 min ago.

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 Gate live order book, 6 min ago	1.34 bp	23.5 bp −$23	164.7 bp −$1,647	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	6.36 bp	19.0 bp −$19	180.7 bp −$1,807	doesn't fit	doesn't fit

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	−0.0694%	4h	149.52	−0.065%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.61	−0.006%	$94K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.90	+0.187%	$3K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.41	−0.140%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.61	−0.007%	$474K	$50K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.53	−0.060%	$622K	$323K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.374%	$20K	$12K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.59	−0.020%	—	$127K	25x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.53	−0.060%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.39	−0.154%	$702K	$700K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ORCL-PERP	+0.0055%	1h	149.48	−0.096%	$92K	$18K	10x	as long as short
QFEX ORCL-USD	+0.0075%	1h	149.56	−0.040%	$1.1M	$2.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0093%	1h	149.52	−0.067%	$131K	$91K	10x	as long as short
ApeX Omni ORACLEUSDTshort	+0.0100%	1h	149.61	−0.007%	$22K	$266K	50x
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.55	−0.047%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0143%	8h	149.30	−0.213%	$1.3M	$363K	—	as long as short
Gate ORCL_USDTlong	+0.0189%	8h	149.62	long leg	$2.3M	$2.9M	25x
Binance ORCLUSDT	+0.0199%	8h	149.58	−0.027%	$25.1M	$35.1M	20x	as long as short
Extended ORCL_24_5-USD	+0.0200%	1h	149.57	−0.034%	$387K	$1.6M	10x	as long as short
tradeXYZ xyz:ORCL	+0.0203%	1h	149.46	−0.107%	$21.5M	$7.0M	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0261%	8h	149.57	−0.031%	$1K	$192K	10x	as long as short
KuCoin ORCLUSDTM	+0.0293%	8h	149.56	−0.040%	$261K	$252K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0323%	8h	149.69	+0.047%	$4.8M	$5.5M	20x	as long as short
Bitget ORCLUSDT	+0.0411%	8h	149.57	−0.033%	$7.6M	$4.1M	20x	as long as short
Arcus ORCL-USD	+0.0467%	1h	149.41	−0.140%	$87K	$80K	10x	as long as short
BloFin ORCL-USDT	+0.0600%	8h	149.75	+0.087%	$47K	$51K	20x	as long as short
Bybit ORCLUSDT	+0.0612%	8h	149.59	−0.020%	$3.5M	$1.4M	50x	as long as short
Phoenix ORCL	+0.0697%	1h	149.53	−0.060%	$151K	$84K	10x	as long as short