Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0156%/8hpaid last 24h −0.098%

Price spread now: Nado against Gate−0.120%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 Nado

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.120% cheaper against Gate than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2.5 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORCL_USDT	148.81	0	get 0.0000% / 8h	4h 49m	$2.2M	$3.0M	25x
Short	Nado ORCL-PERP	148.63	0.0156	get 0.0020% / 1h	49m 14s	$93K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.120%Rate

Funding earned: $32.86
Price spread: −0.120% → 0.000%: −$11.96
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$1.09
Costs to cover: 0.220%
Break-even: 7.2 days

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	3.02 bp	18.8 bp −$19	31.6 bp −$316	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 ORCLUSDC	−0.0115%	4h	148.84	+0.020%	$29K	$214K	10x	as long as short
Gate ORCL_USDTlong	0.0000%	8h	148.81	long leg	$2.2M	$3.0M	25x
SunX ORCL-USDT	0.0000%	8h	149.01	+0.134%	$2K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.91	+0.067%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.85	+0.027%	$472K	$51K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.168%	$20K	$45K	12x	as long as short
GRVT ORCL_USDT_Perp	+0.0038%	8h	148.82	+0.007%	$1K	$194K	10x	as long as short
Lighter RH ORCL	+0.0040%	1h	148.81	0.000%	$622K	$473K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.72	−0.060%	—	$127K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.72	−0.060%	$130K	$122K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ORCL-USD	+0.0050%	1h	148.77	−0.027%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.62	−0.128%	$736K	$632K	10x	as long as short
QFEX ORCL-USD	+0.0058%	1h	148.77	−0.027%	$1.1M	$2.6M	10x	as long as short
Variational Omni ORCL	+0.0094%	8h	148.84	+0.022%	$1.3M	$269K	—	as long as short
Aster ORCLUSDT	+0.0096%	8h	149.21	+0.272%	$93K	$16K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.82	+0.007%	$22K	$267K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.79	−0.013%	$189	—	10x	as long as short
KuCoin ORCLUSDTM	+0.0125%	8h	148.72	−0.060%	$258K	$147K	20x	as long as short
tradeXYZ xyz:ORCL	+0.0137%	1h	148.68	−0.087%	$21.7M	$8.6M	10x	as long as short
Nado ORCL-PERPshort	+0.0156%	1h	148.63	−0.120%	$93K	$18K	10x
Extended ORCL_24_5-USD	+0.0208%	1h	148.76	−0.032%	$385K	$1.4M	10x	as long as short
Binance ORCLUSDT	+0.0211%	8h	148.77	−0.025%	$24.7M	$35.0M	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0272%	8h	148.76	−0.034%	$4.7M	$5.5M	20x	as long as short
Arcus ORCL-USD	+0.0304%	1h	148.73	−0.054%	$78K	$81K	10x	as long as short
Bybit ORCLUSDT	+0.0476%	8h	148.82	+0.007%	$3.4M	$1.5M	50x	as long as short
BloFin ORCL-USDT	+0.0505%	8h	148.85	+0.027%	$2K	$52K	20x	as long as short
Phoenix ORCL	+0.0539%	1h	148.80	−0.007%	$149K	$101K	10x	as long as short
Bitget ORCLUSDT	+0.0565%	8h	148.83	+0.013%	$7.5M	$4.8M	20x	as long as short