Funding you earn now, next payment 22:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.052%
Price spread now: Phoenix against Bybit0.000%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs+$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days+0.741%+$74 on $10k
+Price spread, last 3 days (all we have)+0.113%+$11 · spread now 0.000%, 7d avg −0.065%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.065% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCLUSDT | 148.88 | 0.0474 | pay 0.0474% / 8h | 1h 25m | $3.5M | $1.6M | 50x |
| Short | Phoenix ORCL | 148.88 | 0.0538 | get 0.0067% / 1h | 25m 11s | $149K | $100K | 10x |
Bybit ORCLUSDT
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bybit. 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
- $13.44
- Price spread: 0.000% → −0.065%
- $6.54
- Slippage, 4 orders
- −$32.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$30.95
- Costs to cover
- 0.509%
- Break-even
- 23.1 days
Slippage from Bybit: live order book, 2 min ago; Phoenix: live order book, 51 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 Bybit live order book, 2 min ago | 1.68 bp | 14.4 bp −$14 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 min ago | 3.36 bp | 12.1 bp −$12 | 26.0 bp −$260 | 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 | −0.0872% | 4h | 148.91 | +0.019% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.93 | +0.031% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 148.92 | +0.027% | $2.2M | $3.0M | 25x | as long as short |
| Variational Omni ORCL | 0.0000% | 8h | 148.85 | −0.023% | $1.3M | $316K | — | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.97 | +0.060% | $1K | $200K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.04 | +0.107% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.03 | +0.101% | $52K | $22K | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0016% | 1h | 148.81 | −0.049% | $386K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | +0.0019% | 8h | 148.84 | −0.025% | $24.8M | $35.7M | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.97 | +0.060% | $472K | $53K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
Lighter ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ORCL | +0.0032% | 1h | 148.88 | 0.000% | $619K | $462K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.121% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.81 | −0.047% | — | $127K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.77 | −0.074% | $21.4M | $8.6M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.77 | −0.074% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.86 | −0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.68 | −0.134% | $708K | $691K | 10x | as long as short |
| QFEX ORCL-USD | +0.0056% | 1h | 148.85 | −0.020% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.85 | −0.020% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.85 | −0.020% | $189 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0113% | 1h | 148.73 | −0.100% | $92K | $18K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0134% | 8h | 148.97 | +0.060% | $259K | $222K | 20x | as long as short |
| Arcus ORCL-USD | +0.0152% | 1h | 148.75 | −0.087% | $86K | $90K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0201% | 8h | 148.87 | −0.007% | $4.7M | $5.7M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0297% | 8h | 148.88 | 0.000% | $7.4M | $4.6M | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0474% | 8h | 148.88 | long leg | $3.5M | $1.6M | 50x | |
| BloFin ORCL-USDT | +0.0497% | 8h | 148.92 | +0.027% | $47K | $51K | 20x | as long as short |
| Phoenix ORCLshort | +0.0538% | 1h | 148.88 | 0.000% | $149K | $100K | 10x |
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
KuCoin ORCLUSDTM
Arcus ORCL-USD
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
BloFin ORCL-USDT