Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0289%/8h= +31.7% APRpaid last 24h −0.014%

Price spread now: Arcus against Gate−0.080%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Arcus

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—needs both histories

Funding pays, the price is against you. Arcus is 0.080% cheaper against Gate than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 22 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORCL_USDT	149.11	0	get 0.0000% / 8h	41m 34s	$2.3M	$2.9M	25x
Short	Arcus ORCL-USD	148.99	0.0289	get 0.0036% / 1h	41m 34s	$86K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.080%Rate

Funding earned: $60.7
Price spread: −0.080% → 0.000%: −$8.05
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $33.15
Costs to cover: 0.195%
Break-even: 3.2 days

Slippage unknown: Gate: live order book, 1 min ago; Arcus: 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 Gate live order book, 1 min ago	2.01 bp	18.6 bp −$19	28.2 bp −$282	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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	−0.0607%	4h	149.07	−0.028%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.06	−0.036%	$93K	$16K	20x	as long as short
Gate ORCL_USDTlong	0.0000%	8h	149.11	long leg	$2.3M	$2.9M	25x
SunX ORCL-USDT	0.0000%	8h	149.29	+0.121%	$2K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.07	−0.027%	$52K	$22K	20x	as long as short
Variational Omni ORCL	+0.0014%	8h	149.03	−0.053%	$1.3M	$314K	—	as long as short
Lighter ORCL	+0.0032%	1h	149.10	−0.007%	$472K	$53K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.034%	$20K	$14K	12x	as long as short
GRVT ORCL_USDT_Perp	+0.0037%	8h	149.04	−0.045%	$2K	$196K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.98	−0.087%	—	$127K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ORCL-USD	+0.0050%	1h	148.97	−0.094%	$131K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.05	−0.040%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.76	−0.235%	$708K	$692K	10x	as long as short
QFEX ORCL-USD	+0.0071%	1h	149.04	−0.047%	$1.1M	$2.9M	10x	as long as short
Extended ORCL_24_5-USD	+0.0080%	1h	149.05	−0.038%	$386K	$1.4M	10x	as long as short
Binance ORCLUSDT	+0.0083%	8h	149.09	−0.012%	$24.9M	$35.6M	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.96	−0.101%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.05	−0.040%	$190	—	10x	as long as short
tradeXYZ xyz:ORCL	+0.0174%	1h	148.95	−0.107%	$21.4M	$8.5M	10x	as long as short
Nado ORCL-PERP	+0.0179%	1h	148.88	−0.156%	$92K	$18K	10x	as long as short
Lighter RH ORCL	+0.0184%	1h	149.07	−0.027%	$620K	$462K	10x	as long as short
KuCoin ORCLUSDTM	+0.0192%	8h	149.14	+0.020%	$259K	$236K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0270%	8h	149.09	−0.013%	$4.7M	$5.7M	20x	as long as short
Arcus ORCL-USDshort	+0.0289%	1h	148.99	−0.080%	$86K	$90K	10x
Bitget ORCLUSDT	+0.0343%	8h	149.09	−0.013%	$7.4M	$4.7M	20x	as long as short
BloFin ORCL-USDT	+0.0485%	8h	149.10	−0.007%	$47K	$51K	20x	as long as short
Bybit ORCLUSDT	+0.0517%	8h	149.10	−0.007%	$3.5M	$1.6M	50x	as long as short
Phoenix ORCL	+0.0538%	1h	148.97	−0.094%	$149K	$84K	10x	as long as short