Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0538%/8h= +58.9% APRpaid last 24h +0.134%

Price spread now: Phoenix against HTX−0.020%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.941%+$94 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.020% cheaper against HTX than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ORCL-USDT	148.91	0	get 0.0000% / 8h	1h 29m	$52K	$22K	20x
Short	Phoenix ORCL	148.88	0.0538	get 0.0067% / 1h	29m 08s	$149K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee PhoenixbpOrdersPrice spread, now −0.020%Rate

Funding earned: $112.93
Price spread: −0.020% → 0.000%: −$2.01
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $91.91
Costs to cover: 0.190%
Break-even: 1.3 days

Slippage unknown: HTX: no order-book sample; Phoenix: live order book, 47 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 47 min ago	3.36 bp	12.1 bp −$12	26.0 bp −$260	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0105%	4h	148.91	+0.003%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.92	+0.008%	$93K	$16K	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	148.98	+0.047%	$2.2M	$3.0M	25x	as long as short
Variational Omni ORCL	0.0000%	8h	148.92	+0.004%	$1.3M	$316K	—	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.91	−0.001%	$2K	$200K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.17	+0.175%	$3K	$2.9M	10x	as long as short
HTX ORCL-USDTlong	0.0000%	8h	148.91	long leg	$52K	$22K	20x
Extended ORCL_24_5-USD	+0.0008%	1h	148.88	−0.018%	$386K	$1.4M	10x	as long as short
Binance ORCLUSDT	+0.0011%	8h	148.92	+0.008%	$24.8M	$35.6M	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.96	+0.034%	$472K	$53K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ORCL	+0.0032%	1h	148.90	−0.007%	$619K	$462K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.101%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.85	−0.040%	—	$127K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.81	−0.067%	$21.4M	$8.6M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.81	−0.067%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.91	0.000%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.69	−0.148%	$708K	$691K	10x	as long as short
QFEX ORCL-USD	+0.0056%	1h	148.81	−0.067%	$1.1M	$2.8M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.85	−0.040%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.88	−0.020%	$189	—	10x	as long as short
Nado ORCL-PERP	+0.0106%	1h	148.75	−0.105%	$92K	$18K	10x	as long as short
KuCoin ORCLUSDTM	+0.0127%	8h	148.96	+0.034%	$259K	$221K	20x	as long as short
Arcus ORCL-USD	+0.0152%	1h	148.81	−0.067%	$86K	$90K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0198%	8h	148.98	+0.047%	$4.7M	$5.7M	20x	as long as short
Bitget ORCLUSDT	+0.0293%	8h	148.97	+0.040%	$7.4M	$4.6M	20x	as long as short
Bybit ORCLUSDT	+0.0471%	8h	148.95	+0.027%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0474%	8h	148.91	0.000%	$47K	$51K	20x	as long as short
Phoenix ORCLshort	+0.0538%	1h	148.88	−0.020%	$149K	$100K	10x