Funding you earn now, next payment 02:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.105%
Price spread now: Phoenix against KuCoin−0.127%78s7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as 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−$2032.030% of the position
Funding, last 7 days+0.701%+$70 on $10k
+Price spread, last 4 days (all we have)+0.432%+$43 · spread now −0.127%, 7d avg −0.065%
=Funding pays, the price is against you. Phoenix is 0.062% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of −0.065%). If the spread goes back, that is −$6 on $10k: about 24 hours of funding at the current rate (+$6 a day). The two prices were read 78 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 | KuCoin ORCLUSDTM | 149.50 | 0.0330 | pay 0.0330% / 8h | 5h 30m | $261K | $267K | 20x |
| Short | Phoenix ORCL | 149.31 | 0.0536 | get 0.0067% / 1h | 30m 11s | $153K | $75K | 10x |
KuCoin ORCLUSDTM
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $43.27
- Price spread: −0.127% → −0.065%
- −$6.25
- Slippage, 4 orders
- −$183.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$165.97
- Costs to cover
- 2.030%
- Break-even
- 33.8 days
Slippage from KuCoin: live order book, 66 min ago; Phoenix: live order book, 26 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 KuCoin live order book, 66 min ago | 8.03 bp | 111.7 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 26 min ago | 2.68 bp | 10.2 bp −$10 | 21.3 bp −$213 | 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 | −0.0764% | 4h | 149.42 | −0.052% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.32 | −0.117% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.71 | +0.140% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.56 | +0.040% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.47 | −0.020% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.46 | −0.027% | $622K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.294% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.36 | −0.094% | $87K | $79K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0044% | 8h | 149.55 | +0.033% | $7.7M | $4.0M | 20x | as long as short |
| Gate ORCL_USDT | +0.0045% | 8h | 149.54 | +0.027% | $2.3M | $2.9M | 25x | 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
Bitget ORCLUSDT
Gate ORCL_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.43 | −0.047% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.34 | −0.107% | $21.5M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.39 | −0.074% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.46 | −0.027% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.26 | −0.161% | $699K | $728K | 10x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.44 | −0.040% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0063% | 1h | 149.32 | −0.119% | $92K | $18K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.28 | −0.147% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.45 | −0.033% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0139% | 8h | 149.49 | −0.007% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0178% | 8h | 149.50 | +0.003% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0247% | 8h | 149.49 | −0.004% | $24.9M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.45 | −0.036% | $387K | $1.3M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0328% | 8h | 149.50 | 0.000% | $4.9M | $5.5M | 20x | as long as short |
| KuCoin ORCLUSDTMlong | +0.0330% | 8h | 149.50 | long leg | $261K | $267K | 20x | |
| Bybit ORCLUSDT | +0.0526% | 8h | 149.59 | +0.060% | $3.7M | $1.5M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0530% | 8h | 149.59 | +0.060% | $47K | $43K | 20x | as long as short |
| Phoenix ORCLshort | +0.0536% | 1h | 149.31 | −0.127% | $153K | $75K | 10x |
Vest ORCL-USD-PERP
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
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT