Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.039%

Price spread now: Extended against Orderly−0.041%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Extended

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 airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.041% cheaper against Orderly than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 23 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ORCL_USDC_mythos	148.77	0.0100	pay 0.0100% / 8h	7h 36m	$189	—	10x
Short	Extended ORCL_24_5-USD	148.71	0.0240	get 0.0030% / 1h	36m 11s	$390K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now −0.041%Rate

Funding earned: $29.4
Price spread: −0.041% → 0.000%: −$4.07
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $14.33
Costs to cover: 0.110%
Break-even: 3.6 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 2 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 2 min ago	1.01 bp	7.6 bp −$8	49.9 bp −$499	doesn't fit	doesn't fit

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	−0.0151%	4h	148.85	+0.052%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.86	+0.060%	$97K	$20K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	148.79	+0.013%	$7.7M	$2.6M	20x	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.80	+0.019%	$1K	$149K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	148.97	+0.134%	$2K	$2.6M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.92	+0.101%	$52K	$25K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.79	+0.013%	$475K	$59K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	148.75	−0.013%	$603K	$315K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.195%	$20K	$9K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	148.67	−0.067%	$86K	$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	148.76	−0.007%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.61	−0.108%	$130K	$80K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.77	0.000%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.57	−0.134%	$708K	$854K	10x	as long as short
Nado ORCL-PERP	+0.0055%	1h	148.63	−0.091%	$88K	$22K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0056%	1h	148.65	−0.081%	$21.7M	$6.9M	10x	as long as short
QFEX ORCL-USD	+0.0065%	1h	148.77	0.000%	$1.1M	$1.9M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	148.86	+0.060%	$240K	$310K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.65	−0.081%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythoslong	+0.0100%	8h	148.77	long leg	$189	—	10x
Variational Omni ORCL	+0.0161%	8h	148.74	−0.023%	$1.2M	$428K	—	as long as short
Gate ORCL_USDT	+0.0193%	8h	148.88	+0.074%	$2.3M	$2.9M	25x	as long as short
OKX ORCL-USDT-SWAP	+0.0207%	8h	148.80	+0.020%	$4.9M	$5.9M	20x	as long as short
Extended ORCL_24_5-USDshort	+0.0240%	1h	148.71	−0.041%	$390K	$2.1M	10x
Binance ORCLUSDT	+0.0244%	8h	148.77	−0.001%	$25.1M	$36.3M	20x	as long as short
Phoenix ORCL	+0.0537%	1h	148.70	−0.047%	$152K	$73K	10x	as long as short
Bybit ORCLUSDT	+0.0570%	8h	148.80	+0.020%	$4.1M	$1.9M	50x	as long as short
BloFin ORCL-USDT	+0.0608%	8h	148.84	+0.047%	$48K	$45K	20x	as long as short