Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h +0.012%

Price spread now: Nado against SunX−0.282%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 Nado

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.282% cheaper against SunX than usual: you would sell low and buy high (spread −0.282% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 6.1 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ORCL-USDT	149.61	0	get 0.0000% / 8h	13m 44s	$2K	$2.8M	10x
Short	Nado ORCL-PERP	149.19	0.0155	get 0.0019% / 1h	13m 44s	$92K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.282%Rate

Funding earned: $32.51
Price spread: −0.282% → 0.000%: −$28.18
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$10.67
Costs to cover: 0.150%
Break-even: 9.3 days

Slippage unknown: SunX: live order book, 4 min ago; Nado: 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, 4 min ago	29.74 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	−0.0429%	4h	149.38	−0.153%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.38	−0.151%	$94K	$16K	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	149.37	−0.160%	$2.3M	$3.0M	25x	as long as short
SunX ORCL-USDTlong	0.0000%	8h	149.61	long leg	$2K	$2.8M	10x
HTX ORCL-USDT	0.0000%	8h	149.17	−0.294%	$52K	$23K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.37	−0.160%	$473K	$53K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.368%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.30	−0.207%	—	$127K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.26	−0.234%	$131K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.33	−0.187%	$30K	$3K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.16	−0.301%	$710K	$696K	10x	as long as short
QFEX ORCL-USD	+0.0071%	1h	149.25	−0.241%	$1.1M	$2.9M	10x	as long as short
Variational Omni ORCL	+0.0093%	8h	149.38	−0.152%	$1.3M	$363K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0098%	8h	149.38	−0.154%	$1K	$194K	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.40	−0.140%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.33	−0.187%	$190	—	10x	as long as short
Lighter RH ORCL	+0.0104%	1h	149.31	−0.201%	$621K	$462K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0144%	1h	149.16	−0.301%	$21.5M	$8.2M	10x	as long as short
Extended ORCL_24_5-USD	+0.0152%	1h	149.25	−0.239%	$386K	$1.4M	10x	as long as short
Nado ORCL-PERPshort	+0.0155%	1h	149.19	−0.282%	$92K	$18K	10x
Binance ORCLUSDT	+0.0158%	8h	149.28	−0.221%	$25.0M	$35.5M	20x	as long as short
KuCoin ORCLUSDTM	+0.0244%	8h	149.38	−0.154%	$258K	$243K	20x	as long as short
Arcus ORCL-USD	+0.0289%	1h	149.21	−0.267%	$86K	$81K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0301%	8h	149.29	−0.214%	$4.8M	$5.7M	20x	as long as short
Bitget ORCLUSDT	+0.0376%	8h	149.28	−0.221%	$7.5M	$4.5M	20x	as long as short
BloFin ORCL-USDT	+0.0509%	8h	149.45	−0.107%	$47K	$51K	20x	as long as short
Bybit ORCLUSDT	+0.0523%	8h	149.33	−0.187%	$3.5M	$1.5M	50x	as long as short
Phoenix ORCL	+0.0538%	1h	149.23	−0.254%	$150K	$84K	10x	as long as short