Funding you earn now, next payment 23:00 UTC+0.0487%/8h= +53.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.117%
Price spread now: Phoenix against Ondo Perps+0.087%48s7-day average +0.047% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.844%+$84 on $10k
+Price spread, last 3 days (all we have)+0.096%+$10 · spread now +0.087%, 7d avg +0.047%
=Together, before fees+0.940%+ Points / potential airdropOndo Perps: Active · farm board+$94 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Phoenix is 0.041% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.047%. The two prices were read 48 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 | Ondo Perps ORCL-USD.P | 148.97 | 0.0050 | pay 0.0006% / 1h | 21m 53s | $709K | $695K | 10x |
| Short | Phoenix ORCL | 149.10 | 0.0538 | get 0.0067% / 1h | 21m 53s | $149K | $84K | 10x |
Ondo Perps ORCL-USD.P
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- $102.34
- Price spread: +0.087% → +0.047%
- $4.05
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $94.39
- Costs to cover
- 0.120%
- Break-even
- 0.5 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 49 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 49 min ago | 2.69 bp | 10.2 bp −$10 | 20.8 bp −$208 | doesn't fit | doesn't fit |
Ondo Perps: 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 | −0.0499% | 4h | 149.11 | +0.092% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.30 | +0.219% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 149.22 | +0.168% | $2.3M | $2.9M | 25x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.295% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.21 | +0.161% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.26 | +0.195% | $473K | $53K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.060% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.21 | +0.161% | — | $127K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.06 | +0.060% | $131K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.18 | +0.141% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.Plong | +0.0050% | 1h | 148.97 | long leg | $709K | $695K | 10x | |
| QFEX ORCL-USD | +0.0071% | 1h | 149.13 | +0.107% | $1.1M | $2.9M | 10x | as long as short |
| Variational Omni ORCL | +0.0075% | 8h | 149.11 | +0.093% | $1.3M | $314K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0085% | 8h | 149.11 | +0.091% | $1K | $194K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.03 | +0.040% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.15 | +0.121% | $190 | — | 10x | as long as short |
| Lighter RH ORCL | +0.0120% | 1h | 149.22 | +0.168% | $621K | $462K | 10x | as long as short |
| Binance ORCLUSDT | +0.0135% | 8h | 149.20 | +0.154% | $24.9M | $35.5M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0136% | 1h | 149.17 | +0.136% | $386K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0143% | 1h | 149.12 | +0.101% | $21.5M | $8.1M | 10x | as long as short |
| Nado ORCL-PERP | +0.0158% | 1h | 149.02 | +0.034% | $92K | $18K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0228% | 8h | 149.21 | +0.161% | $259K | $240K | 20x | as long as short |
| Arcus ORCL-USD | +0.0289% | 1h | 149.07 | +0.067% | $86K | $81K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0291% | 8h | 149.21 | +0.161% | $4.8M | $5.7M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0365% | 8h | 149.20 | +0.154% | $7.4M | $4.5M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0524% | 8h | 149.21 | +0.161% | $3.5M | $1.5M | 50x | as long as short |
| Phoenix ORCLshort | +0.0538% | 1h | 149.10 | +0.087% | $149K | $84K | 10x | |
| BloFin ORCL-USDT | +0.0549% | 8h | 149.12 | +0.101% | $47K | $51K | 20x | as long as short |
QFEX ORCL-USD
Variational Omni ORCL
GRVT ORCL_USDT_Perp
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Lighter RH ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
tradeXYZ xyz:ORCL
Nado ORCL-PERP
KuCoin ORCLUSDTM
Arcus ORCL-USD
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
Bybit ORCLUSDT
BloFin ORCL-USDT