ORCL

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.109%

7d average—if it closes, per $10,000$11funding while held, a day+$2.14

Long on Orderly Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ORCL_USDC_mythos	149.04	0.0100	pay 0.0100% / 8h	6h 50m	$190	—	10x
Short	Variational Omni ORCL	149.20	0.0171	get 0.0171% / 8h	6h 50m	$1.3M	$264K	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee OrderlybpFee Variational OmnibpOrdersClose when spread is

Spread captured: $10.85
Funding while held: $2.14
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.99
Spread needed to break even: 0.060%

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, just now. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0071%
Per $10,000 a day: +$2.14
Average in range /8h: —

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 Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, just now	3.76 bp	doesn't fit	20.1 bp −$201	doesn't fit	doesn't fit

Orderly: 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 price on every exchange

against the cheapest. Click to use as the short leg.

ORCL on 27 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps ORCL-USD.P	−0.081%	+0.0050%	1h	$718K	$553K	10x	as long as short
Arcus ORCL-USD	−0.074%	+0.0070%	1h	$79K	$76K	10x	as long as short
tradeXYZ xyz:ORCL	−0.067%	+0.0050%	1h	$21.8M	$8.2M	10x	as long as short
Polymarket Perps ORCL-USD	−0.047%	+0.0050%	1h	$131K	$117K	10x	as long as short
Binance ORCLUSDT	−0.020%	+0.0279%	8h	$24.7M	$31.8M	20x	as long as short
Extended ORCL_24_5-USD	−0.004%	+0.0280%	1h	$387K	$1.4M	10x	as long as short
Orderly PERP_ORCL_USDC_mythoslong	0.000%	+0.0100%	8h	$190	—	10x
SoDEX ORCL-USD	0.000%	+0.0050%	1h	$30K	$3K	10x	as long as short
QFEX ORCL-USD	+0.013%	+0.0043%	1h	$1.1M	$2.5M	10x	as long as short
Gate ORCL_USDT	+0.013%	0.0000%	8h	$2.2M	$2.8M	25x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ORCL/USDC PERP	+0.013%	+0.0033%	1h	$20K	$84K	12x	as long as short
Lighter RH ORCL	+0.020%	+0.0032%	1h	$618K	$442K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.020%	+0.0253%	8h	$4.7M	$5.3M	20x	as long as short
KuCoin ORCLUSDTM	+0.027%	+0.0100%	8h	$258K	$103K	20x	as long as short
Bitget ORCLUSDT	+0.034%	+0.0673%	8h	$7.5M	$4.8M	20x	as long as short
Vest ORCL-USD-PERP	+0.034%	+0.0046%	1h	—	$127K	25x	as long as short
Nado ORCL-PERP	+0.038%	+0.0136%	1h	$93K	$18K	10x	as long as short
Bybit ORCLUSDT	+0.040%	+0.0444%	8h	$3.3M	$1.4M	50x	as long as short
Lighter ORCL	+0.047%	+0.0032%	1h	$473K	$7K	10x	as long as short
ApeX Omni ORACLEUSDT	+0.074%	+0.0100%	1h	$22K	$268K	50x	as long as short
Aster ORCLUSDT	+0.106%	+0.0024%	8h	$93K	$15K	20x	as long as short
Variational Omni ORCLshort	+0.109%	+0.0171%	8h	$1.3M	$264K	—
Phoenix ORCL	+0.114%	+0.0587%	1h	$150K	$101K	10x	as long as short
HTX ORCL-USDT	+0.121%	0.0000%	8h	$52K	$22K	20x	as long as short
edgeX ORCLUSDC	+0.152%	−0.0994%	4h	$29K	$213K	10x	as long as short
SunX ORCL-USDT	+0.161%	0.0000%	8h	$2K	$2.9M	10x	as long as short
BloFin ORCL-USDT	+0.228%	+0.0442%	8h	$48K	$50K	20x	as long as short