Funding you earn now, next payment 00:00 UTC−0.0218%/8h= −23.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.118%
Price spread now: ApeX Omni against Phoenix+0.074%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days−0.728%−$73 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.074%, 7d avg +0.034%
=The price spread pays, funding is against you. ApeX Omni is 0.039% dearer against Phoenix than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of +0.034%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.31 | 0.0697 | pay 0.0087% / 1h | 52m 55s | $150K | $84K | 10x |
| Short | ApeX Omni ORACLEUSDT | 149.42 | 0.0479 | get 0.0060% / 1h | 52m 55s | $22K | $266K | 50x |
Phoenix ORCL
ApeX Omni ORACLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- −$45.84
- Price spread: +0.074% → +0.034%
- $3.94
- Slippage, 4 orders
- −$41.06
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$99.95
- Costs to cover
- 0.581%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 13 min ago; ApeX Omni: live order book, 19 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 Phoenix live order book, 13 min ago | 2.68 bp | 10.2 bp −$10 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 19 min ago | 6.36 bp | 19.0 bp −$19 | 180.7 bp −$1,807 | 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 | −0.0373% | 4h | 149.39 | +0.054% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.40 | +0.059% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.221% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.46 | +0.100% | $52K | $22K | 20x | as long as short |
| Nado ORCL-PERP | +0.0026% | 1h | 149.27 | −0.028% | $92K | $18K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.50 | +0.127% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.37 | +0.040% | $621K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.167% | $20K | $12K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.36 | +0.033% | — | $127K | 25x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.38 | +0.047% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.23 | −0.054% | $696K | $727K | 10x | as long as short |
| Gate ORCL_USDT | +0.0066% | 8h | 149.45 | +0.094% | $2.3M | $2.9M | 25x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.32 | +0.007% | $1.1M | $2.9M | 10x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.38 | +0.047% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0136% | 8h | 149.42 | +0.074% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0192% | 1h | 149.33 | +0.011% | $390K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | +0.0192% | 8h | 149.36 | +0.033% | $25.1M | $35.2M | 20x | as long as short |
| Polymarket Perps ORCL-USD | +0.0250% | 1h | 149.32 | +0.007% | $131K | $98K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0251% | 8h | 149.43 | +0.082% | $1K | $192K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0279% | 8h | 149.50 | +0.127% | $260K | $250K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0315% | 8h | 149.35 | +0.027% | $4.8M | $5.5M | 20x | as long as short |
| tradeXYZ xyz:ORCL | +0.0351% | 1h | 149.23 | −0.054% | $21.5M | $7.0M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0397% | 8h | 149.43 | +0.080% | $7.6M | $4.2M | 20x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.26 | −0.033% | $86K | $80K | 10x | as long as short |
| ApeX Omni ORACLEUSDTshort | +0.0479% | 1h | 149.42 | +0.074% | $22K | $266K | 50x | |
| Phoenix ORCLlong | +0.0697% | 1h | 149.31 | long leg | $150K | $84K | 10x | |
| BloFin ORCL-USDT | +0.0729% | 8h | 149.38 | +0.047% | $47K | $51K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0731% | 8h | 149.40 | +0.060% | $3.5M | $1.5M | 50x | as long as short |
Ondo Perps ORCL-USD.P
Gate ORCL_USDT
QFEX ORCL-USD
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
Polymarket Perps ORCL-USD
GRVT ORCL_USDT_Perp
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
tradeXYZ xyz:ORCL
Bitget ORCLUSDT
Arcus ORCL-USD
BloFin ORCL-USDT
Bybit ORCLUSDT