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= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.161%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.161% dearer against SoDEX than usual: you sell high and buy low (spread +0.161% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ORCL-USD	149.42	0.0050	pay 0.0006% / 1h	38m 04s	$30K	$3K	10x
Short	SunX ORCL-USDT	149.66	0	get 0.0000% / 8h	3h 38m	$2K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.161%Rate

Funding earned: −$10.5
Price spread: +0.161% → 0.000%: $16.06
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$10.44
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 9 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 SoDEX no order-book sample	—	—	—	—	—
Sell SunX live order book, 9 min ago	30.34 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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	+0.091%	$28K	$213K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.34	−0.056%	$94K	$16K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	149.53	+0.074%	$7.7M	$3.8M	20x	as long as short
SunX ORCL-USDTshort	0.0000%	8h	149.66	+0.161%	$2K	$2.7M	10x
HTX ORCL-USDT	0.0000%	8h	149.52	+0.067%	$52K	$24K	20x	as long as short
Nado ORCL-PERP	+0.0025%	1h	149.35	−0.046%	$91K	$20K	10x	as long as short
Lighter ORCL	+0.0032%	1h	149.49	+0.047%	$474K	$51K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.42	0.000%	$623K	$315K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.241%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.43	+0.007%	$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	149.47	+0.033%	—	$67K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	149.31	−0.074%	$21.6M	$6.8M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.38	−0.027%	$131K	$90K	10x	as long as short
SoDEX ORCL-USDlong	+0.0050%	1h	149.42	long leg	$30K	$3K	10x
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.55	+0.087%	$703K	$724K	10x	as long as short
QFEX ORCL-USD	+0.0067%	1h	149.38	−0.027%	$1.1M	$2.1M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.57	+0.100%	$22K	$262K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.40	−0.013%	$190	—	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0210%	8h	149.53	+0.076%	$2K	$177K	10x	as long as short
Variational Omni ORCL	+0.0242%	8h	149.52	+0.069%	$1.3M	$363K	—	as long as short
Gate ORCL_USDT	+0.0292%	8h	149.50	+0.054%	$2.3M	$3.0M	25x	as long as short
Binance ORCLUSDT	+0.0317%	8h	149.42	−0.003%	$25.1M	$35.4M	20x	as long as short
Extended ORCL_24_5-USD	+0.0320%	1h	149.38	−0.024%	$388K	$1.3M	10x	as long as short
KuCoin ORCLUSDTM	+0.0355%	8h	149.55	+0.087%	$262K	$278K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0384%	8h	149.49	+0.047%	$5.0M	$5.8M	20x	as long as short
Phoenix ORCL	+0.0535%	1h	149.57	+0.100%	$153K	$75K	10x	as long as short
Bybit ORCLUSDT	+0.0709%	8h	149.49	+0.047%	$4.1M	$1.8M	50x	as long as short
BloFin ORCL-USDT	+0.0721%	8h	149.61	+0.127%	$47K	$43K	20x	as long as short