Funding you earn now, next payment 23:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.108%
Price spread now: Phoenix against ApeX Omni−0.080%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days+0.732%+$73 on $10k
+Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.080%, 7d avg −0.034%
=Funding pays, the price is against you. Phoenix is 0.046% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.034%). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.732% in total) that is about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ORACLEUSDT | 149.42 | 0.0479 | pay 0.0060% / 1h | 54m 30s | $22K | $266K | 50x |
| Short | Phoenix ORCL | 149.30 | 0.0538 | get 0.0067% / 1h | 54m 30s | $150K | $84K | 10x |
ApeX Omni ORACLEUSDT
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.33
- Price spread: −0.080% → −0.034%
- −$4.61
- Slippage, 4 orders
- −$41.06
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$50.34
- Costs to cover
- 0.581%
- Break-even
- 35.6 days
Slippage from ApeX Omni: live order book, 18 min ago; Phoenix: live order book, 11 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 ApeX Omni live order book, 18 min ago | 6.36 bp | 18.7 bp −$19 | 186.4 bp −$1,864 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 11 min ago | 2.68 bp | 10.2 bp −$10 | 21.3 bp −$213 | 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 | −0.0373% | 4h | 149.39 | −0.020% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.34 | −0.053% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 149.36 | −0.040% | $2.3M | $2.9M | 25x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.66 | +0.161% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.45 | +0.020% | $52K | $22K | 20x | as long as short |
| Nado ORCL-PERP | +0.0027% | 1h | 149.26 | −0.108% | $92K | $18K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.42 | 0.000% | $473K | $50K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.241% | $20K | $12K | 12x | as long as short |
| Lighter RH ORCL | +0.0040% | 1h | 149.29 | −0.087% | $621K | $323K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.33 | −0.060% | — | $127K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter ORCL
Injective ORCL/USDC PERP
Lighter RH ORCL
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.31 | −0.074% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.16 | −0.174% | $696K | $713K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.24 | −0.120% | $1.1M | $2.9M | 10x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.35 | −0.047% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0136% | 8h | 149.42 | 0.000% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0192% | 8h | 149.30 | −0.078% | $25.1M | $35.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0192% | 1h | 149.28 | −0.097% | $386K | $1.4M | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0251% | 8h | 149.43 | +0.009% | $1K | $192K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0276% | 8h | 149.48 | +0.040% | $260K | $250K | 20x | as long as short |
| Polymarket Perps ORCL-USD | +0.0306% | 1h | 149.20 | −0.147% | $131K | $98K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0317% | 8h | 149.33 | −0.060% | $4.8M | $5.5M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0397% | 8h | 149.29 | −0.087% | $7.6M | $4.2M | 20x | as long as short |
| tradeXYZ xyz:ORCL | +0.0423% | 1h | 149.16 | −0.174% | $21.5M | $7.0M | 10x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.27 | −0.100% | $86K | $79K | 10x | as long as short |
| ApeX Omni ORACLEUSDTlong | +0.0479% | 1h | 149.42 | long leg | $22K | $266K | 50x | |
| Phoenix ORCLshort | +0.0538% | 1h | 149.30 | −0.080% | $150K | $84K | 10x | |
| Bybit ORCLUSDT | +0.0687% | 8h | 149.34 | −0.054% | $3.5M | $1.5M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0740% | 8h | 149.43 | +0.007% | $47K | $51K | 20x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
GRVT ORCL_USDT_Perp
KuCoin ORCLUSDTM
Polymarket Perps ORCL-USD
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
tradeXYZ xyz:ORCL
Arcus ORCL-USD
Bybit ORCLUSDT
BloFin ORCL-USDT