Funding you earn now, next payment 23:00 UTC+0.0477%/8h= +52.2% APRpaid last 24h +0.097%
Price spread now: Phoenix against Binance−0.097%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs+$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days+0.798%+$80 on $10k
+Price spread, last 2 days (all we have)−0.007%−$1 · spread now −0.097%, 7d avg −0.079%
=The price spread sits at its 7-day average of −0.079%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCLUSDT | 149.04 | 0.0061 | pay 0.0061% / 8h | 46m 53s | $24.9M | $35.6M | 20x |
| Short | Phoenix ORCL | 148.90 | 0.0538 | get 0.0067% / 1h | 46m 53s | $149K | $84K | 10x |
Binance ORCLUSDT
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $100.09
- Price spread: −0.097% → −0.079%
- −$1.8
- Slippage, 4 orders
- −$17.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $63.45
- Costs to cover
- 0.348%
- Break-even
- 2.6 days
Slippage from Binance: live order book, 10 min ago; Phoenix: live order book, 24 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 Binance live order book, 10 min ago | 0.67 bp | 6.7 bp −$7 | 13.6 bp −$136 | 68.9 bp −$6,885 | doesn't fit |
| Sell Phoenix live order book, 24 min ago | 2.69 bp | 10.2 bp −$10 | 20.8 bp −$208 | 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 | −0.0282% | 4h | 149.01 | −0.022% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.03 | −0.012% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 149.06 | +0.011% | $2.2M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | 0.0000% | 8h | 149.02 | −0.019% | $1.3M | $316K | — | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.25 | +0.138% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.09 | +0.031% | $52K | $22K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0013% | 8h | 149.02 | −0.017% | $2K | $198K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.05 | +0.004% | $472K | $53K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.011% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.92 | −0.083% | — | $127K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
Variational Omni ORCL
SunX ORCL-USDT
HTX ORCL-USDT
GRVT ORCL_USDT_Perp
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.91 | −0.090% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.01 | −0.023% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.82 | −0.151% | $708K | $693K | 10x | as long as short |
| Binance ORCLUSDTlong | +0.0061% | 8h | 149.04 | long leg | $24.9M | $35.6M | 20x | |
| Extended ORCL_24_5-USD | +0.0064% | 1h | 149.01 | −0.020% | $386K | $1.4M | 10x | as long as short |
| QFEX ORCL-USD | +0.0071% | 1h | 148.98 | −0.043% | $1.1M | $2.9M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.94 | −0.070% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.98 | −0.043% | $190 | — | 10x | as long as short |
| Lighter RH ORCL | +0.0160% | 1h | 148.99 | −0.036% | $620K | $462K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0162% | 1h | 148.88 | −0.110% | $21.4M | $8.5M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0177% | 8h | 149.11 | +0.044% | $258K | $234K | 20x | as long as short |
| Nado ORCL-PERP | +0.0181% | 1h | 148.80 | −0.163% | $92K | $18K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0252% | 8h | 149.07 | +0.017% | $4.7M | $5.7M | 20x | as long as short |
| Arcus ORCL-USD | +0.0289% | 1h | 148.91 | −0.090% | $86K | $90K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0331% | 8h | 149.05 | +0.004% | $7.4M | $4.7M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0509% | 8h | 149.04 | −0.003% | $3.5M | $1.6M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0516% | 8h | 149.04 | −0.003% | $2K | $51K | 20x | as long as short |
| Phoenix ORCLshort | +0.0538% | 1h | 148.90 | −0.097% | $149K | $84K | 10x |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Extended ORCL_24_5-USD
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Lighter RH ORCL
tradeXYZ xyz:ORCL
KuCoin ORCLUSDTM
Nado ORCL-PERP
OKX ORCL-USDT-SWAP
Arcus ORCL-USD
Bitget ORCLUSDT
Bybit ORCLUSDT
BloFin ORCL-USDT