Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0431%/8h= +47.2% APRpaid last 24h +0.127%

Price spread now: Phoenix against Aster−0.024%75s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.946%+$95 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.024% cheaper against Aster than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$13 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ORCLUSDT	148.82	0	get 0.0000% / 8h	2h 28m	$93K	$16K	20x
Short	Phoenix ORCL	148.78	0.0431	get 0.0054% / 1h	28m 18s	$149K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. 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 AsterbpFee PhoenixbpOrdersPrice spread, now −0.024%Rate

Funding earned: $90.46
Price spread: −0.024% → 0.000%: −$2.38
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $73.08
Costs to cover: 0.150%
Break-even: 1.3 days

Slippage unknown: Aster: no order-book sample; Phoenix: live order book, 54 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 54 min ago	2.69 bp	10.8 bp −$11	22.4 bp −$224	doesn't fit	doesn't fit

Aster: 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	−0.0616%	4h	148.80	−0.012%	$28K	$215K	10x	as long as short
Aster ORCLUSDTlong	0.0000%	8h	148.82	long leg	$93K	$16K	20x
Extended ORCL_24_5-USD	0.0000%	1h	148.82	+0.003%	$385K	$1.4M	10x	as long as short
Binance ORCLUSDT	0.0000%	8h	148.84	+0.013%	$24.8M	$35.9M	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	148.84	+0.017%	$2.2M	$3.1M	25x	as long as short
Variational Omni ORCL	0.0000%	8h	148.80	−0.011%	$1.3M	$221K	—	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.78	−0.024%	$1K	$205K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.05	+0.158%	$3K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.90	+0.057%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.88	+0.043%	$471K	$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	148.85	+0.023%	$622K	$465K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.164%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.83	+0.010%	—	$127K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.73	−0.057%	$21.5M	$8.6M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.72	−0.064%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.82	+0.003%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.73	−0.057%	$737K	$611K	10x	as long as short
QFEX ORCL-USD	+0.0053%	1h	148.82	+0.003%	$1.1M	$2.8M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	148.86	+0.030%	$258K	$196K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.68	−0.091%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.79	−0.017%	$189	—	10x	as long as short
Nado ORCL-PERP	+0.0126%	1h	148.70	−0.076%	$92K	$18K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0202%	8h	148.86	+0.030%	$4.7M	$5.7M	20x	as long as short
Arcus ORCL-USD	+0.0251%	1h	148.76	−0.037%	$78K	$80K	10x	as long as short
Bitget ORCLUSDT	+0.0315%	8h	148.80	−0.010%	$7.4M	$4.7M	20x	as long as short
Phoenix ORCLshort	+0.0431%	1h	148.78	−0.024%	$149K	$100K	10x
Bybit ORCLUSDT	+0.0466%	8h	148.88	+0.043%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0470%	8h	148.89	+0.050%	$47K	$50K	20x	as long as short