Funding you earn now, next payment 05:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.124%
Price spread now: Phoenix against GRVT−0.087%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs+$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days+0.857%+$86 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.087%, 7d avg −0.062%
=Together, before fees+0.943%+ Points / potential airdropGRVT: Active · farm board+$94 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.025% cheaper against GRVT than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.062%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ORCL_USDT_Perp | 149.73 | 0.0186 | pay 0.0186% / 8h | 2h 52m | $1K | $175K | 10x |
| Short | Phoenix ORCL | 149.60 | 0.0428 | get 0.0053% / 1h | 52m 54s | $153K | $75K | 10x |
GRVT ORCL_USDT_Perp
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. 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
- $50.77
- Price spread: −0.087% → −0.062%
- −$2.5
- Slippage, 4 orders
- −$38.81
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$6.54
- Costs to cover
- 0.548%
- Break-even
- 7.9 days
Slippage from GRVT: live order book, 55 min ago; Phoenix: live order book, 53 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 GRVT live order book, 55 min ago | 3.34 bp | 16.3 bp −$16 | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 53 min ago | 3.34 bp | 11.5 bp −$11 | 24.3 bp −$243 | 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 | −0.0055% | 4h | 149.69 | −0.026% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.73 | 0.000% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.80 | +0.047% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.94 | +0.140% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.79 | +0.040% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.70 | −0.020% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.68 | −0.033% | $624K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.447% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.61 | −0.080% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.71 | −0.013% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.57 | −0.107% | $21.7M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.60 | −0.087% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.68 | −0.033% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.57 | −0.107% | $711K | $791K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.67 | −0.040% | $1.1M | $2.1M | 10x | as long as short |
| Nado ORCL-PERP | +0.0058% | 1h | 149.56 | −0.113% | $88K | $22K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.72 | −0.007% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.66 | −0.047% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perplong | +0.0186% | 8h | 149.73 | long leg | $1K | $175K | 10x | |
| Variational Omni ORCL | +0.0229% | 8h | 149.78 | +0.033% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0304% | 8h | 149.72 | −0.007% | $25.1M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0304% | 1h | 149.68 | −0.035% | $388K | $1.6M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0312% | 8h | 149.77 | +0.027% | $262K | $278K | 20x | as long as short |
| Gate ORCL_USDT | +0.0322% | 8h | 149.79 | +0.040% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0342% | 8h | 149.71 | −0.013% | $5.0M | $5.9M | 20x | as long as short |
| Phoenix ORCLshort | +0.0428% | 1h | 149.60 | −0.087% | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0664% | 8h | 149.75 | +0.013% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0688% | 8h | 149.74 | +0.007% | $47K | $43K | 20x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT