Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.096%

Price spread now: SoDEX against Bitget−0.073%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.073% cheaper against Bitget than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.9 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	Bitget ORCLUSDT	149.80	0	get 0.0000% / 8h	3h 07m	$7.7M	$3.8M	20x
Short	SoDEX ORCL-USD	149.69	0.0050	get 0.0006% / 1h	7m 09s	$30K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $10.5
Price spread: −0.073% → 0.000%: −$7.34
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.84
Costs to cover: 0.200%
Break-even: 18.2 days

Slippage unknown: Bitget: live order book, 1 min ago; SoDEX: 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 Bitget live order book, 1 min ago	1.67 bp	15.9 bp −$16	23.2 bp −$232	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0308%	4h	149.63	−0.113%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.74	−0.037%	$94K	$16K	20x	as long as short
Bitget ORCLUSDTlong	0.0000%	8h	149.80	long leg	$7.7M	$3.8M	20x
SunX ORCL-USDT	0.0000%	8h	149.98	+0.120%	$2K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.72	−0.053%	$52K	$24K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.70	−0.067%	$474K	$51K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.70	−0.067%	$624K	$317K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.494%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.60	−0.134%	$87K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.73	−0.047%	—	$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	149.56	−0.160%	$21.6M	$6.8M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.64	−0.107%	$131K	$91K	10x	as long as short
SoDEX ORCL-USDshort	+0.0050%	1h	149.69	−0.073%	$30K	$3K	10x
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.51	−0.194%	$703K	$790K	10x	as long as short
Nado ORCL-PERP	+0.0065%	1h	149.57	−0.152%	$88K	$22K	10x	as long as short
QFEX ORCL-USD	+0.0067%	1h	149.67	−0.087%	$1.1M	$2.1M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.58	−0.147%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.65	−0.100%	$190	—	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0192%	8h	149.67	−0.087%	$1K	$175K	10x	as long as short
Variational Omni ORCL	+0.0237%	8h	149.65	−0.099%	$1.3M	$363K	—	as long as short
Binance ORCLUSDT	+0.0311%	8h	149.75	−0.033%	$25.1M	$35.6M	20x	as long as short
Extended ORCL_24_5-USD	+0.0312%	1h	149.71	−0.059%	$388K	$813K	10x	as long as short
Gate ORCL_USDT	+0.0323%	8h	149.79	−0.007%	$2.3M	$3.0M	25x	as long as short
KuCoin ORCLUSDTM	+0.0333%	8h	149.78	−0.013%	$262K	$277K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0355%	8h	149.76	−0.027%	$5.0M	$5.9M	20x	as long as short
Phoenix ORCL	+0.0535%	1h	149.60	−0.134%	$153K	$75K	10x	as long as short
BloFin ORCL-USDT	+0.0657%	8h	149.74	−0.040%	$47K	$43K	20x	as long as short
Bybit ORCLUSDT	+0.0676%	8h	149.78	−0.013%	$4.1M	$1.8M	50x	as long as short