Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h +0.046%

Price spread now: Binance against QFEX+0.047%53s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.284% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$7 on $10k

Price spread, last 2 days (all we have)−0.025%−$3 · spread now +0.047%, 7d avg +0.010%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.037% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ORCL-USD	149.39	0.0075	pay 0.0009% / 1h	57m 44s	$1.2M	$2.8M	10x
Short	Binance ORCLUSDT	149.46	0.0251	get 0.0251% / 8h	6h 57m	$25.0M	$35.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.047%Rate

Funding earned: $37.06
Price spread: +0.047% → +0.010%: $3.72
Slippage, 4 orders: −$8.38
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $12.4
Costs to cover: 0.284%
Break-even: 4.7 days

Slippage from QFEX: live order book, 10 min ago; Binance: live order book, 14 min ago.

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 QFEX live order book, 10 min ago	1.67 bp	6.7 bp −$7	6.7 bp −$67	12.1 bp −$1,214	doesn't fit
Sell Binance live order book, 14 min ago	0.67 bp	8.0 bp −$8	16.9 bp −$169	72.4 bp −$7,244	doesn't fit

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	−0.0598%	4h	149.48	+0.062%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.56	+0.113%	$94K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.69	+0.201%	$2K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.51	+0.080%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.50	+0.074%	$473K	$50K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.44	+0.033%	$622K	$317K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.221%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.43	+0.027%	$87K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.54	+0.100%	—	$67K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	149.38	−0.007%	$21.5M	$6.8M	10x	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	149.39	0.000%	$131K	$91K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.43	+0.027%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.37	−0.013%	$703K	$688K	10x	as long as short
Nado ORCL-PERP	+0.0063%	1h	149.38	−0.008%	$92K	$18K	10x	as long as short
QFEX ORCL-USDlong	+0.0075%	1h	149.39	long leg	$1.2M	$2.8M	10x
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.40	+0.007%	$22K	$266K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.43	+0.027%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0205%	8h	149.50	+0.076%	$1.3M	$363K	—	as long as short
Gate ORCL_USDT	+0.0246%	8h	149.52	+0.087%	$2.3M	$2.9M	25x	as long as short
Extended ORCL_24_5-USD	+0.0248%	1h	149.40	+0.008%	$386K	$1.3M	10x	as long as short
Binance ORCLUSDTshort	+0.0251%	8h	149.46	+0.047%	$25.0M	$35.2M	20x
KuCoin ORCLUSDTM	+0.0307%	8h	149.59	+0.134%	$261K	$261K	20x	as long as short
GRVT ORCL_USDT_Perp	+0.0309%	8h	149.55	+0.106%	$2K	$181K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0317%	8h	149.50	+0.074%	$4.8M	$5.5M	20x	as long as short
Bitget ORCLUSDT	+0.0361%	8h	149.54	+0.100%	$7.6M	$4.0M	20x	as long as short
Bybit ORCLUSDT	+0.0531%	8h	149.52	+0.087%	$3.5M	$1.4M	50x	as long as short
BloFin ORCL-USDT	+0.0549%	8h	149.53	+0.094%	$47K	$43K	20x	as long as short
Phoenix ORCL	+0.0697%	1h	149.47	+0.054%	$153K	$72K	10x	as long as short