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Funding arb · Price arb /

ORCL

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h +0.052%
Price spread now: Extended against Polymarket Perps−0.011%49s7-day average +0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.298% of the position
Long on Polymarket PerpsShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 7 days+0.296%+$30 · spread now −0.011%, 7d avg +0.088%
Together, before fees+0.358%+ Points / potential airdropExtended: Active · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.098% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.088%). If the spread goes back, that is −$10 on $10k: about 35 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.063% in total) that is about 11 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ORCL-USD149.050.0050pay 0.0006% / 1h2m 34s$131K$81K10x
ShortExtended ORCL_24_5-USD149.030.0272get 0.0034% / 1h2m 34s$390K$2.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Polymarket 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

Funding earned
$46.62
Price spread: −0.011% → +0.088%
−$9.81
Slippage, 4 orders
−$16.83
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$6.98
Costs to cover
0.298%
Break-even
6.0 days
Slippage from Polymarket Perps: live order book, 34 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 34 min ago2.68 bp6.7 bp −$77.3 bp −$7321.1 bp −$2,110doesn't fit
Sell Extended live order book, 1 min ago0.67 bp7.3 bp −$733.8 bp −$338doesn't fitdoesn't fit

ORCL on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0768%4h149.12+0.049%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.21+0.110%$98K$20K20xas long as short
Bitget ORCLUSDT0.0000%8h149.18+0.087%$7.7M$2.7M20xas long as short
SunX ORCL-USDT0.0000%8h149.33+0.188%$3K$2.6M10xas long as short
HTX ORCL-USDT0.0000%8h149.16+0.074%$52K$25K20xas long as short
Lighter ORCL+0.0032%1h149.11+0.040%$476K$59K10xas long as short
Lighter RH ORCL+0.0032%1h149.07+0.013%$622K$320K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06+0.007%$20K$9K12xas long as short
Arcus ORCL-USD+0.0040%1h149.02−0.020%$86K$79K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.050.000%—$67K25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:ORCL+0.0050%1h149.00−0.034%$21.7M$6.9M10xas long as short
Polymarket Perps ORCL-USDlong+0.0050%1h149.05long leg$131K$81K10x
SoDEX ORCL-USD+0.0050%1h149.09+0.027%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h148.93−0.081%$710K$873K10xas long as short
QFEX ORCL-USD+0.0057%1h149.11+0.040%$1.1M$2.0M10xas long as short
Nado ORCL-PERP+0.0059%1h148.92−0.090%$88K$22K10xas long as short
KuCoin ORCLUSDTM+0.0100%8h149.16+0.074%$241K$281K20xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.00−0.034%$22K$264K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.050.000%$190—10xas long as short
Variational Omni ORCL+0.0173%8h149.07+0.013%$1.2M$424K—as long as short
GRVT ORCL_USDT_Perp+0.0189%8h149.11+0.040%$1K$154K10xas long as short
Gate ORCL_USDT+0.0202%8h149.18+0.087%$2.3M$3.0M25xas long as short
OKX ORCL-USDT-SWAP+0.0221%8h149.08+0.020%$4.9M$6.0M20xas long as short
Binance ORCLUSDT+0.0270%8h149.07+0.013%$25.1M$36.7M20xas long as short
Extended ORCL_24_5-USDshort+0.0272%1h149.03−0.011%$390K$2.1M10x
Phoenix ORCL+0.0483%1h149.050.000%$152K$72K10xas long as short
BloFin ORCL-USDT+0.0545%8h149.18+0.087%$47K$45K20xas long as short
Bybit ORCLUSDT+0.0550%8h149.10+0.034%$4.1M$1.9M50xas long as short