Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.021%

Price spread now: Bitget against Arcus+0.194%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.194% dearer against Arcus than usual: you sell high and buy low (spread +0.194% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ORCL-USD	149.26	0.0040	pay 0.0005% / 1h	30m 22s	$86K	$79K	10x
Short	Bitget ORCLUSDT	149.55	0	get 0.0000% / 8h	1h 30m	$7.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Arcus. 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 ArcusbpFee BitgetbpOrdersPrice spread, now +0.194%Rate

Funding earned: −$8.46
Price spread: +0.194% → 0.000%: $19.43
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.53
Costs to cover: 0.165%
Break-even: from the start

Slippage unknown: Arcus: no order-book sample; Bitget: live order book, 3 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 Arcus no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	1.67 bp	13.7 bp −$14	29.8 bp −$298	doesn't fit	doesn't fit

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	−0.0818%	4h	149.30	+0.026%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.30	+0.026%	$98K	$20K	20x	as long as short
Bitget ORCLUSDTshort	0.0000%	8h	149.55	+0.194%	$7.7M	$3.8M	20x
SunX ORCL-USDT	0.0000%	8h	149.64	+0.255%	$2K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.36	+0.067%	$52K	$25K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.40	+0.094%	$474K	$53K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.42	+0.107%	$623K	$322K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.134%	$20K	$9K	12x	as long as short
Arcus ORCL-USDlong	+0.0040%	1h	149.26	long leg	$86K	$79K	10x
Vest ORCL-USD-PERP	+0.0046%	1h	149.45	+0.127%	—	$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	149.36	+0.067%	$21.7M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.40	+0.094%	$131K	$92K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.36	+0.067%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.19	−0.047%	$698K	$894K	10x	as long as short
Nado ORCL-PERP	+0.0058%	1h	149.29	+0.017%	$88K	$22K	10x	as long as short
QFEX ORCL-USD	+0.0065%	1h	149.47	+0.141%	$1.1M	$2.0M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.34	+0.054%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.39	+0.087%	$190	—	10x	as long as short
KuCoin ORCLUSDTM	+0.0145%	8h	149.38	+0.080%	$240K	$280K	20x	as long as short
GRVT ORCL_USDT_Perp	+0.0157%	8h	149.35	+0.058%	$1K	$162K	10x	as long as short
Variational Omni ORCL	+0.0162%	8h	149.39	+0.086%	$1.2M	$423K	—	as long as short
Gate ORCL_USDT	+0.0227%	8h	149.50	+0.161%	$2.3M	$3.0M	25x	as long as short
OKX ORCL-USDT-SWAP	+0.0247%	8h	149.50	+0.161%	$4.9M	$6.1M	20x	as long as short
Binance ORCLUSDT	+0.0254%	8h	149.51	+0.167%	$24.9M	$36.8M	20x	as long as short
Extended ORCL_24_5-USD	+0.0256%	1h	149.46	+0.133%	$391K	$1.4M	10x	as long as short
Phoenix ORCL	+0.0429%	1h	149.16	−0.067%	$152K	$75K	10x	as long as short
Bybit ORCLUSDT	+0.0577%	8h	149.44	+0.121%	$4.1M	$1.9M	50x	as long as short
BloFin ORCL-USDT	+0.0606%	8h	149.36	+0.067%	$47K	$44K	20x	as long as short