Funding you earn now, next payment 04:00 UTC+0.0501%/8h= +54.9% APRnext payment +$0.63 per $10,000 · paid last 24h +0.125%
Price spread now: Phoenix against Injective+0.409%112s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.808%+$81 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Phoenix is 0.409% dearer against Injective than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 112 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 | Injective ORCL/USDC PERP | 149.06 | 0.0033 | pay 0.0004% / 1h | 49m 22s | $20K | $12K | 12x |
| Short | Phoenix ORCL | 149.67 | 0.0535 | get 0.0067% / 1h | 49m 22s | $153K | $75K | 10x |
Injective ORCL/USDC PERP
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $105.25
- Price spread: +0.409% → 0.000%
- $40.92
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $139.16
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 62 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 62 min ago | 2.67 bp | 10.8 bp −$11 | 22.8 bp −$228 | doesn't fit | doesn't fit |
Injective: 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 | −0.0646% | 4h | 149.73 | +0.451% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.46 | +0.266% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.91 | +0.570% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.65 | +0.396% | $52K | $24K | 20x | as long as short |
| Bitget ORCLUSDT | +0.0003% | 8h | 149.66 | +0.403% | $7.7M | $3.8M | 20x | as long as short |
| Nado ORCL-PERP | +0.0019% | 1h | 149.45 | +0.262% | $91K | $20K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.58 | +0.349% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.57 | +0.342% | $624K | $315K | 10x | as long as short |
| Injective ORCL/USDC PERPlong | +0.0033% | 1h | 149.06 | long leg | $20K | $12K | 12x | |
| Arcus ORCL-USD | +0.0040% | 1h | 149.57 | +0.342% | $87K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Bitget ORCLUSDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Arcus ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.60 | +0.362% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.44 | +0.255% | $21.6M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.49 | +0.288% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.57 | +0.342% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.48 | +0.282% | $703K | $723K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.55 | +0.329% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.78 | +0.483% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.49 | +0.288% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0225% | 8h | 149.79 | +0.490% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0247% | 8h | 149.67 | +0.408% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0303% | 8h | 149.59 | +0.356% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0320% | 1h | 149.51 | +0.301% | $390K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0321% | 8h | 149.51 | +0.302% | $25.2M | $35.3M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0353% | 8h | 149.66 | +0.403% | $262K | $279K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0387% | 8h | 149.60 | +0.362% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCLshort | +0.0535% | 1h | 149.67 | +0.409% | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0725% | 8h | 149.61 | +0.369% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0726% | 8h | 149.85 | +0.530% | $47K | $43K | 20x | as long as short |
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
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT