Funding you earn now, next payment 03:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.093%
Price spread now: Phoenix against Extended−0.095%48s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs+$40as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.367% of the position
Funding, last 7 days+0.765%+$76 on $10k
+Price spread, last 4 days (all we have)+0.317%+$32 · spread now −0.095%, 7d avg −0.025%
=Together, before fees+1.082%+ Points / potential airdropExtended: Active · farm board+$108 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.069% cheaper against Extended than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.025%). If the spread goes back, that is −$7 on $10k: about 33 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.765% in total) that is about 15 hours. The two prices were read 48 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 | Extended ORCL_24_5-USD | 149.71 | 0.0312 | pay 0.0039% / 1h | 40m 34s | $388K | $1.3M | 10x |
| Short | Phoenix ORCL | 149.57 | 0.0481 | get 0.0060% / 1h | 40m 34s | $153K | $75K | 10x |
Extended ORCL_24_5-USD
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $35.56
- Price spread: −0.095% → −0.025%
- −$6.92
- Slippage, 4 orders
- −$24.65
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$8.01
- Costs to cover
- 0.367%
- Break-even
- 8.6 days
Slippage from Extended: live order book, 3 min ago; Phoenix: live order book, 10 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 Extended live order book, 3 min ago | 1.00 bp | 7.5 bp −$8 | 64.2 bp −$642 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 10 min ago | 2.67 bp | 10.8 bp −$11 | 22.8 bp −$228 | 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 | −0.0020% | 4h | 149.72 | +0.006% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.59 | −0.080% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.93 | +0.146% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.86 | +0.099% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.70 | −0.008% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.71 | −0.001% | $624K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.435% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.60 | −0.075% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.70 | −0.008% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.63 | −0.055% | $131K | $90K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.72 | +0.006% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.43 | −0.188% | $703K | $718K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0051% | 1h | 149.61 | −0.068% | $21.6M | $6.8M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0057% | 8h | 149.82 | +0.072% | $7.7M | $3.9M | 20x | as long as short |
| Nado ORCL-PERP | +0.0060% | 1h | 149.58 | −0.090% | $91K | $20K | 10x | as long as short |
| QFEX ORCL-USD | +0.0080% | 1h | 149.71 | −0.001% | $1.1M | $2.3M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.51 | −0.135% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.70 | −0.008% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0176% | 8h | 149.79 | +0.052% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0240% | 8h | 149.72 | +0.004% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0261% | 8h | 149.65 | −0.041% | $2K | $178K | 10x | as long as short |
| Extended ORCL_24_5-USDlong | +0.0312% | 1h | 149.71 | long leg | $388K | $1.3M | 10x | |
| Binance ORCLUSDT | +0.0313% | 8h | 149.75 | +0.025% | $25.1M | $35.7M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0383% | 8h | 149.74 | +0.019% | $262K | $275K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0401% | 8h | 149.77 | +0.039% | $5.0M | $5.7M | 20x | as long as short |
| Phoenix ORCLshort | +0.0481% | 1h | 149.57 | −0.095% | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0717% | 8h | 149.86 | +0.099% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0733% | 8h | 149.87 | +0.106% | $4.0M | $1.8M | 50x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
tradeXYZ xyz:ORCL
Bitget ORCLUSDT
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
BloFin ORCL-USDT
Bybit ORCLUSDT