Funding you earn now, next payment 03:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.058%
Price spread now: Phoenix against Gate−0.087%77s7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs+$7as 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−$540.544% of the position
Funding, last 7 days+0.617%+$62 on $10k
+Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.087%, 7d avg −0.089%
=The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 77 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 | Gate ORCL_USDT | 149.67 | 0.0165 | pay 0.0165% / 8h | 4h 46m | $2.3M | $2.9M | 25x |
| Short | Phoenix ORCL | 149.54 | 0.0481 | get 0.0060% / 1h | 46m 12s | $153K | $75K | 10x |
Gate ORCL_USDT
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $66.43
- Price spread: −0.087% → −0.089%
- $0.22
- Slippage, 4 orders
- −$32.44
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $12.21
- Costs to cover
- 0.544%
- Break-even
- 5.7 days
Slippage from Gate: live order book, 2 min ago; Phoenix: live order book, 5 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 Gate live order book, 2 min ago | 1.34 bp | 19.3 bp −$19 | 34.5 bp −$345 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 5 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 | −0.0569% | 4h | 149.63 | −0.024% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.50 | −0.116% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.85 | +0.120% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.64 | −0.020% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.66 | −0.007% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.63 | −0.027% | $624K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.408% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.54 | −0.087% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.62 | −0.033% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.51 | −0.107% | $21.6M | $6.8M | 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
tradeXYZ xyz:ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.56 | −0.073% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.60 | −0.047% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.41 | −0.174% | $703K | $718K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0065% | 8h | 149.68 | +0.007% | $7.7M | $4.0M | 20x | as long as short |
| Nado ORCL-PERP | +0.0072% | 1h | 149.49 | −0.121% | $91K | $20K | 10x | as long as short |
| QFEX ORCL-USD | +0.0080% | 1h | 149.62 | −0.033% | $1.1M | $2.4M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.51 | −0.107% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.59 | −0.053% | $190 | — | 10x | as long as short |
| Gate ORCL_USDTlong | +0.0165% | 8h | 149.67 | long leg | $2.3M | $2.9M | 25x | |
| Variational Omni ORCL | +0.0237% | 8h | 149.61 | −0.041% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0268% | 8h | 149.65 | −0.016% | $2K | $178K | 10x | as long as short |
| Binance ORCLUSDT | +0.0311% | 8h | 149.63 | −0.024% | $25.1M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0312% | 1h | 149.59 | −0.052% | $388K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0384% | 8h | 149.72 | +0.033% | $262K | $275K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0400% | 8h | 149.65 | −0.013% | $5.0M | $5.7M | 20x | as long as short |
| Phoenix ORCLshort | +0.0481% | 1h | 149.54 | −0.087% | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0711% | 8h | 149.75 | +0.053% | $4.0M | $1.7M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0722% | 8h | 149.73 | +0.040% | $47K | $43K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Bitget ORCLUSDT
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT