Funding you earn now, next payment 21:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.054%
Price spread now: Bitget against Phoenix+0.013%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 7 days−0.782%−$78 on $10k
+Price spread, last 3 days (all we have)−0.189%−$19 · spread now +0.013%, 7d avg +0.104%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.090% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.104%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 148.78 | 0.0431 | pay 0.0054% / 1h | 29m 14s | $149K | $100K | 10x |
| Short | Bitget ORCLUSDT | 148.80 | 0.0316 | get 0.0316% / 8h | 2h 29m | $7.4M | $4.7M | 20x |
Phoenix ORCL
Bitget ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$24.1
- Price spread: +0.013% → +0.104%
- −$9.03
- Slippage, 4 orders
- −$24.62
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$76.75
- Costs to cover
- 0.436%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 53 min ago; Bitget: live order book, 4 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, 53 min ago | 2.69 bp | 10.8 bp −$11 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.34 bp | 9.3 bp −$9 | 21.7 bp −$217 | 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 | −0.0616% | 4h | 148.80 | +0.012% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.81 | +0.017% | $93K | $16K | 20x | as long as short |
| Extended ORCL_24_5-USD | 0.0000% | 1h | 148.81 | +0.022% | $385K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | 0.0000% | 8h | 148.82 | +0.027% | $24.8M | $35.9M | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 148.85 | +0.047% | $2.2M | $3.1M | 25x | as long as short |
| Variational Omni ORCL | 0.0000% | 8h | 148.80 | +0.012% | $1.3M | $221K | — | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.78 | 0.000% | $1K | $205K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.02 | +0.161% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.90 | +0.081% | $52K | $22K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.88 | +0.067% | $471K | $53K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ORCL | +0.0032% | 1h | 148.85 | +0.047% | $622K | $465K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.188% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.81 | +0.020% | — | $127K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.71 | −0.047% | $21.5M | $8.6M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.70 | −0.054% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.80 | +0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.63 | −0.101% | $737K | $610K | 10x | as long as short |
| QFEX ORCL-USD | +0.0053% | 1h | 148.85 | +0.047% | $1.1M | $2.8M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.85 | +0.047% | $258K | $196K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.68 | −0.067% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.77 | −0.007% | $189 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0124% | 1h | 148.70 | −0.051% | $92K | $18K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0201% | 8h | 148.91 | +0.087% | $4.7M | $5.7M | 20x | as long as short |
| Arcus ORCL-USD | +0.0251% | 1h | 148.76 | −0.013% | $78K | $80K | 10x | as long as short |
| Bitget ORCLUSDTshort | +0.0316% | 8h | 148.80 | +0.013% | $7.4M | $4.7M | 20x | |
| Phoenix ORCLlong | +0.0431% | 1h | 148.78 | long leg | $149K | $100K | 10x | |
| Bybit ORCLUSDT | +0.0465% | 8h | 148.84 | +0.040% | $3.5M | $1.6M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0470% | 8h | 148.89 | +0.074% | $47K | $50K | 20x | as long as short |
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
OKX ORCL-USDT-SWAP
Arcus ORCL-USD
Bybit ORCLUSDT
BloFin ORCL-USDT