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: QFEX against Aster−0.104%7-day average — · you buy dearer than you sell

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

Long on Aster Short on QFEX

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. QFEX is 0.104% cheaper against Aster than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 4.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ORCLUSDT	149.63	0	get 0.0000% / 8h	7h 02m	$94K	$16K	20x
Short	QFEX ORCL-USD	149.47	0.0075	get 0.0009% / 1h	2m 20s	$1.2M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $15.67
Price spread: −0.104% → 0.000%: −$10.39
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$12.71
Costs to cover: 0.180%
Break-even: 12.7 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 5 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 5 min ago	1.67 bp	6.7 bp −$7	6.7 bp −$67	12.1 bp −$1,210	doesn't fit

Aster: 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	−0.0262%	4h	149.51	−0.074%	$28K	$214K	10x	as long as short
Aster ORCLUSDTlong	0.0000%	8h	149.63	long leg	$94K	$16K	20x
SunX ORCL-USDT	0.0000%	8h	149.77	+0.097%	$2K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.58	−0.030%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.58	−0.030%	$474K	$50K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.52	−0.070%	$622K	$323K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.378%	$20K	$12K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.54	−0.057%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.43	−0.131%	$131K	$91K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.52	−0.070%	$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	149.32	−0.204%	$703K	$688K	10x	as long as short
Nado ORCL-PERP	+0.0065%	1h	149.43	−0.128%	$92K	$18K	10x	as long as short
QFEX ORCL-USDshort	+0.0075%	1h	149.47	−0.104%	$1.2M	$2.8M	10x
tradeXYZ xyz:ORCL	+0.0083%	1h	149.44	−0.124%	$21.5M	$6.8M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.43	−0.131%	$22K	$266K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.49	−0.091%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0204%	8h	149.54	−0.056%	$1.3M	$363K	—	as long as short
Extended ORCL_24_5-USD	+0.0248%	1h	149.46	−0.109%	$386K	$1.3M	10x	as long as short
Binance ORCLUSDT	+0.0252%	8h	149.52	−0.071%	$25.1M	$35.1M	20x	as long as short
Gate ORCL_USDT	+0.0253%	8h	149.57	−0.037%	$2.3M	$2.9M	25x	as long as short
KuCoin ORCLUSDTM	+0.0307%	8h	149.64	+0.010%	$261K	$261K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0320%	8h	149.54	−0.057%	$4.8M	$5.5M	20x	as long as short
GRVT ORCL_USDT_Perp	+0.0341%	8h	149.55	−0.053%	$2K	$181K	10x	as long as short
Bitget ORCLUSDT	+0.0378%	8h	149.58	−0.030%	$7.6M	$4.0M	20x	as long as short
Arcus ORCL-USD	+0.0467%	1h	149.45	−0.117%	$87K	$79K	10x	as long as short
Bybit ORCLUSDT	+0.0555%	8h	149.58	−0.030%	$3.5M	$1.4M	50x	as long as short
BloFin ORCL-USDT	+0.0587%	8h	149.52	−0.070%	$47K	$43K	20x	as long as short
Phoenix ORCL	+0.0697%	1h	149.46	−0.111%	$153K	$84K	10x	as long as short