Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: Orderly against Ondo Perps−0.033%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Orderly is 0.033% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ORCL-USD.P	149.55	0.0050	pay 0.0006% / 1h	39m 34s	$703K	$724K	10x
Short	Orderly PERP_ORCL_USDC_mythos	149.50	0.0100	get 0.0100% / 8h	3h 39m	$190	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Ondo Perps. 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 Ondo PerpsbpFee OrderlybpOrdersPrice spread, now −0.033%Rate

Funding earned: $10.42
Price spread: −0.033% → 0.000%: −$3.34
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$3.93
Costs to cover: 0.110%
Break-even: 9.6 days

Slippage unknown: Ondo Perps: no order-book sample; Orderly: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Ondo Perps and Orderly: 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	−0.0948%	4h	149.56	+0.004%	$28K	$213K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.37	−0.118%	$94K	$16K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	149.56	+0.007%	$7.7M	$3.8M	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.72	+0.114%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.82	+0.181%	$52K	$24K	20x	as long as short
Nado ORCL-PERP	+0.0031%	1h	149.44	−0.076%	$91K	$20K	10x	as long as short
Lighter ORCL	+0.0032%	1h	149.54	−0.007%	$474K	$51K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.47	−0.053%	$623K	$315K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.328%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.48	−0.047%	$87K	$79K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ORCL-USD-PERP	+0.0046%	1h	149.57	+0.013%	—	$67K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	149.35	−0.134%	$21.6M	$6.8M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.46	−0.060%	$131K	$90K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.50	−0.033%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.Plong	+0.0050%	1h	149.55	long leg	$703K	$724K	10x
QFEX ORCL-USD	+0.0067%	1h	149.45	−0.067%	$1.1M	$2.1M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.57	+0.013%	$22K	$262K	50x	as long as short
Orderly PERP_ORCL_USDC_mythosshort	+0.0100%	8h	149.50	−0.033%	$190	—	10x
GRVT ORCL_USDT_Perp	+0.0210%	8h	149.53	−0.011%	$2K	$177K	10x	as long as short
Variational Omni ORCL	+0.0242%	8h	149.52	−0.017%	$1.3M	$363K	—	as long as short
Gate ORCL_USDT	+0.0294%	8h	149.51	−0.027%	$2.3M	$3.0M	25x	as long as short
Binance ORCLUSDT	+0.0319%	8h	149.45	−0.068%	$25.1M	$35.4M	20x	as long as short
Extended ORCL_24_5-USD	+0.0320%	1h	149.40	−0.099%	$390K	$1.3M	10x	as long as short
KuCoin ORCLUSDTM	+0.0355%	8h	149.61	+0.040%	$261K	$278K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0384%	8h	149.50	−0.033%	$5.0M	$5.8M	20x	as long as short
Phoenix ORCL	+0.0535%	1h	149.57	+0.013%	$153K	$75K	10x	as long as short
Bybit ORCLUSDT	+0.0711%	8h	149.52	−0.020%	$4.1M	$1.8M	50x	as long as short
BloFin ORCL-USDT	+0.0749%	8h	149.67	+0.080%	$47K	$43K	20x	as long as short