Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.017%

Price spread now: SunX against QFEX+0.134%7-day average +0.175% · you sell dearer than you buy

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now +0.134%, 7d avg +0.175%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.041% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.175%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ORCL-USD	149.48	0.0075	pay 0.0009% / 1h	46m 01s	$1.1M	$2.8M	10x
Short	SunX ORCL-USDT	149.68	0	get 0.0000% / 8h	7h 46m	$3K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$15.67
Price spread: +0.134% → +0.175%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$37.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 7 min ago; SunX: live order book, 11 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 QFEX live order book, 7 min ago	1.34 bp	7.2 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	30.07 bp	doesn't fit	doesn't fit	doesn't fit	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	−0.0694%	4h	149.52	+0.029%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.53	+0.032%	$94K	$16K	20x	as long as short
SunX ORCL-USDTshort	0.0000%	8h	149.68	+0.134%	$3K	$2.8M	10x
HTX ORCL-USDT	0.0000%	8h	149.68	+0.134%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.54	+0.040%	$474K	$50K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.45	−0.020%	$622K	$323K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.281%	$20K	$12K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.49	+0.007%	—	$127K	25x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.47	−0.007%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.39	−0.060%	$703K	$700K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ORCL-PERP	+0.0058%	1h	149.38	−0.066%	$92K	$18K	10x	as long as short
QFEX ORCL-USDlong	+0.0075%	1h	149.48	long leg	$1.1M	$2.8M	10x
Polymarket Perps ORCL-USD	+0.0089%	1h	149.42	−0.040%	$131K	$91K	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.61	+0.087%	$22K	$266K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.51	+0.020%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0151%	8h	149.51	+0.018%	$1.3M	$363K	—	as long as short
tradeXYZ xyz:ORCL	+0.0190%	1h	149.33	−0.100%	$21.5M	$7.0M	10x	as long as short
Gate ORCL_USDT	+0.0193%	8h	149.52	+0.027%	$2.3M	$2.9M	25x	as long as short
Extended ORCL_24_5-USD	+0.0200%	1h	149.48	0.000%	$386K	$1.7M	10x	as long as short
Binance ORCLUSDT	+0.0201%	8h	149.48	0.000%	$25.1M	$35.1M	20x	as long as short
GRVT ORCL_USDT_Perp	+0.0261%	8h	149.57	+0.063%	$1K	$192K	10x	as long as short
KuCoin ORCLUSDTM	+0.0295%	8h	149.59	+0.074%	$260K	$252K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0323%	8h	149.46	−0.013%	$4.8M	$5.5M	20x	as long as short
Bitget ORCLUSDT	+0.0416%	8h	149.54	+0.040%	$7.6M	$4.1M	20x	as long as short
Arcus ORCL-USD	+0.0467%	1h	149.44	−0.027%	$87K	$80K	10x	as long as short
BloFin ORCL-USDT	+0.0600%	8h	149.75	+0.181%	$47K	$51K	20x	as long as short
Bybit ORCLUSDT	+0.0626%	8h	149.51	+0.020%	$3.5M	$1.4M	50x	as long as short
Phoenix ORCL	+0.0697%	1h	149.53	+0.033%	$151K	$84K	10x	as long as short