Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0423%/8hnext payment −$4.23 per $10,000 · paid last 24h −0.041%

Price spread now: KuCoin against Bitget+0.034%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$255as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2602.600% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.034%, 7d avg −0.042%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.075% dearer against Bitget than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.042%): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 14 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ORCLUSDT	148.56	0.0551	pay 0.0551% / 8h	4h 23m	$7.4M	$4.9M	20x
Short	KuCoin ORCLUSDTM	148.61	0.0128	get 0.0128% / 8h	4h 23m	$257K	$156K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$88.83
Price spread: +0.034% → −0.042%: $7.52
Slippage, 4 orders: −$235.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$341.27
Costs to cover: 2.600%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; KuCoin: live order book, 21 min ago.

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 Bitget live order book, 9 min ago	2.02 bp	13.9 bp −$14	25.5 bp −$255	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 min ago	6.72 bp	106.6 bp −$107	doesn't fit	doesn't fit	doesn't fit

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	−0.0764%	4h	148.56	0.000%	$29K	$213K	10x	as long as short
Gate ORCL_USDT	0.0000%	8h	148.56	0.000%	$2.2M	$3.0M	25x	as long as short
SunX ORCL-USDT	0.0000%	8h	148.83	+0.182%	$2K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.70	+0.094%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.60	+0.027%	$471K	$52K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	148.57	+0.007%	$621K	$475K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.337%	$20K	$45K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.61	+0.034%	—	$127K	25x	as long as short
GRVT ORCL_USDT_Perp	+0.0049%	8h	148.63	+0.047%	$2K	$197K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.44	−0.081%	$21.6M	$8.7M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ORCL-USD	+0.0050%	1h	148.53	−0.020%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.55	−0.007%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.51	−0.034%	$735K	$632K	10x	as long as short
QFEX ORCL-USD	+0.0058%	1h	148.64	+0.054%	$1.1M	$2.7M	10x	as long as short
Variational Omni ORCL	+0.0093%	8h	148.50	−0.041%	$1.3M	$269K	—	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.56	0.000%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.49	−0.047%	$189	—	10x	as long as short
Aster ORCLUSDT	+0.0104%	8h	148.69	+0.088%	$93K	$16K	20x	as long as short
KuCoin ORCLUSDTMshort	+0.0128%	8h	148.61	+0.034%	$257K	$156K	20x
Nado ORCL-PERP	+0.0147%	1h	148.52	−0.028%	$93K	$19K	10x	as long as short
Extended ORCL_24_5-USD	+0.0200%	1h	148.49	−0.048%	$385K	$1.4M	10x	as long as short
Binance ORCLUSDT	+0.0203%	8h	148.53	−0.021%	$24.7M	$35.5M	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0272%	8h	148.56	0.000%	$4.7M	$5.5M	20x	as long as short
Arcus ORCL-USD	+0.0304%	1h	148.45	−0.074%	$78K	$81K	10x	as long as short
Bybit ORCLUSDT	+0.0498%	8h	148.61	+0.034%	$3.4M	$1.5M	50x	as long as short
BloFin ORCL-USDT	+0.0527%	8h	148.65	+0.061%	$47K	$52K	20x	as long as short
Phoenix ORCL	+0.0539%	1h	148.50	−0.040%	$149K	$101K	10x	as long as short
Bitget ORCLUSDTlong	+0.0551%	8h	148.56	long leg	$7.4M	$4.9M	20x