Funding arb · Price arb /

ORCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h −0.016%

Price spread now: Arcus against Gate−0.060%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Arcus

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. Arcus is 0.060% cheaper against Gate than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 32 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORCL_USDT	148.94	0	get 0.0000% / 8h	1h 47m	$2.2M	$3.0M	25x
Short	Arcus ORCL-USD	148.85	0.0152	get 0.0019% / 1h	47m 43s	$78K	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.060%Rate

Funding earned: $31.91
Price spread: −0.060% → 0.000%: −$6.04
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $6.37
Costs to cover: 0.195%
Break-even: 5.6 days

Slippage unknown: Gate: live order book, 5 min ago; Arcus: 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 Gate live order book, 5 min ago	4.03 bp	27.9 bp −$28	38.7 bp −$387	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

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	−0.0651%	4h	148.83	−0.074%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.90	−0.025%	$93K	$16K	20x	as long as short
Extended ORCL_24_5-USD	0.0000%	1h	148.88	−0.038%	$386K	$1.4M	10x	as long as short
Binance ORCLUSDT	0.0000%	8h	148.90	−0.028%	$24.8M	$35.8M	20x	as long as short
Gate ORCL_USDTlong	0.0000%	8h	148.94	long leg	$2.2M	$3.0M	25x
Variational Omni ORCL	0.0000%	8h	148.81	−0.086%	$1.3M	$221K	—	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.87	−0.049%	$1K	$203K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.07	+0.087%	$3K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.01	+0.047%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.95	+0.007%	$472K	$53K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ORCL	+0.0032%	1h	148.91	−0.020%	$623K	$456K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.081%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.87	−0.047%	—	$127K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.78	−0.107%	$21.4M	$8.5M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.76	−0.121%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.83	−0.074%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.69	−0.168%	$737K	$631K	10x	as long as short
QFEX ORCL-USD	+0.0056%	1h	148.85	−0.060%	$1.1M	$2.8M	10x	as long as short
Nado ORCL-PERP	+0.0092%	1h	148.78	−0.109%	$92K	$18K	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.85	−0.060%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.82	−0.081%	$189	—	10x	as long as short
KuCoin ORCLUSDTM	+0.0102%	8h	148.97	+0.020%	$259K	$210K	20x	as long as short
Arcus ORCL-USDshort	+0.0152%	1h	148.85	−0.060%	$78K	$78K	10x
OKX ORCL-USDT-SWAP	+0.0192%	8h	148.97	+0.020%	$4.7M	$5.7M	20x	as long as short
Bitget ORCLUSDT	+0.0296%	8h	148.96	+0.013%	$7.4M	$4.6M	20x	as long as short
Bybit ORCLUSDT	+0.0472%	8h	148.93	−0.007%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0473%	8h	148.79	−0.101%	$47K	$51K	20x	as long as short
Phoenix ORCL	+0.0538%	1h	148.79	−0.101%	$149K	$100K	10x	as long as short