Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.090%

Price spread now: Arcus against SunX−0.214%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Arcus is 0.214% cheaper against SunX than usual: you would sell low and buy high (spread −0.214% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 18 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ORCL-USDT	149.36	0	get 0.0000% / 8h	50m 23s	$2K	$2.7M	10x
Short	Arcus ORCL-USD	149.04	0.0040	get 0.0005% / 1h	50m 23s	$86K	$79K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.214%Rate

Funding earned: $8.46
Price spread: −0.214% → 0.000%: −$21.42
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.47
Costs to cover: 0.125%
Break-even: 28.1 days

Slippage unknown: SunX: live order book, 7 min ago; Arcus: no order-book sample. 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 SunX live order book, 7 min ago	30.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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	−0.0744%	4h	149.13	−0.152%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.03	−0.221%	$97K	$20K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	149.25	−0.074%	$7.7M	$2.8M	20x	as long as short
SunX ORCL-USDTlong	0.0000%	8h	149.36	long leg	$2K	$2.7M	10x
HTX ORCL-USDT	0.0000%	8h	149.25	−0.074%	$52K	$25K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.17	−0.127%	$476K	$59K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.13	−0.154%	$622K	$316K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.201%	$20K	$9K	12x	as long as short
Arcus ORCL-USDshort	+0.0040%	1h	149.04	−0.214%	$86K	$79K	10x
Vest ORCL-USD-PERP	+0.0046%	1h	149.09	−0.181%	—	$67K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ORCL	+0.0050%	1h	149.00	−0.241%	$21.6M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.07	−0.194%	$131K	$92K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.13	−0.154%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.90	−0.308%	$697K	$856K	10x	as long as short
QFEX ORCL-USD	+0.0057%	1h	149.10	−0.174%	$1.1M	$2.0M	10x	as long as short
Nado ORCL-PERP	+0.0094%	1h	148.98	−0.251%	$88K	$22K	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.05	−0.208%	$22K	$264K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.07	−0.194%	$190	—	10x	as long as short
KuCoin ORCLUSDTM	+0.0107%	8h	149.19	−0.114%	$240K	$274K	20x	as long as short
Variational Omni ORCL	+0.0161%	8h	149.11	−0.167%	$1.2M	$424K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0177%	8h	149.17	−0.129%	$1K	$159K	10x	as long as short
Gate ORCL_USDT	+0.0206%	8h	149.21	−0.100%	$2.3M	$3.0M	25x	as long as short
OKX ORCL-USDT-SWAP	+0.0248%	8h	149.08	−0.187%	$4.9M	$6.0M	20x	as long as short
Extended ORCL_24_5-USD	+0.0256%	1h	149.10	−0.175%	$388K	$1.6M	10x	as long as short
Binance ORCLUSDT	+0.0258%	8h	149.12	−0.161%	$24.9M	$36.5M	20x	as long as short
Phoenix ORCL	+0.0483%	1h	149.07	−0.194%	$152K	$72K	10x	as long as short
Bybit ORCLUSDT	+0.0572%	8h	149.17	−0.127%	$4.2M	$1.9M	50x	as long as short
BloFin ORCL-USDT	+0.0601%	8h	149.23	−0.087%	$47K	$44K	20x	as long as short