Funding you earn now, next payment 01:00 UTC−0.1252%/8h= −137.1% APRpaid last 24h −0.290%
Price spread now: edgeX against Phoenix−0.024%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$248as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days−2.063%−$206 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.024%, 7d avg +0.050%
=Together, before fees−2.187%+ Points / potential airdropedgeX: Active · farm board−$219 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and edgeX is 0.074% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.050%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.40 | 0.0535 | pay 0.0067% / 1h | 47m 21s | $153K | $75K | 10x |
| Short | edgeX ORCLUSDC | 149.36 | −0.0717 | pay 0.0359% / 4h | 2h 47m | $28K | $214K | 10x |
Phoenix ORCL
edgeX ORCLUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$262.94
- Price spread: −0.024% → +0.050%
- −$7.37
- Slippage, 4 orders
- −$25.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$312.2
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 14 min ago; edgeX: live order book, 20 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, 14 min ago | 2.67 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 20 min ago | 5.69 bp | 10.8 bp −$11 | 18.2 bp −$182 | 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 ORCLUSDCshort | −0.0717% | 4h | 149.36 | −0.024% | $28K | $214K | 10x | |
| Aster ORCLUSDT | 0.0000% | 8h | 149.39 | −0.009% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.53 | +0.087% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.55 | +0.100% | $52K | $22K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.34 | −0.040% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.27 | −0.087% | $621K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.228% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.30 | −0.067% | $87K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.29 | −0.074% | — | $67K | 25x | as long as short |
| Nado ORCL-PERP | +0.0047% | 1h | 149.19 | −0.138% | $92K | $18K | 10x | as long as short |
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Nado ORCL-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.21 | −0.127% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.30 | −0.067% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.29 | −0.074% | $708K | $673K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0053% | 1h | 149.19 | −0.141% | $21.5M | $6.7M | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.21 | −0.127% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.35 | −0.033% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.26 | −0.094% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0203% | 8h | 149.45 | +0.031% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0211% | 8h | 149.36 | −0.027% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0225% | 8h | 149.38 | −0.013% | $2K | $181K | 10x | as long as short |
| Binance ORCLUSDT | +0.0247% | 8h | 149.24 | −0.106% | $25.0M | $35.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.18 | −0.149% | $387K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0298% | 8h | 149.40 | 0.000% | $260K | $260K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0316% | 8h | 149.32 | −0.054% | $4.8M | $5.6M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0322% | 8h | 149.38 | −0.013% | $7.6M | $4.0M | 20x | as long as short |
| BloFin ORCL-USDT | +0.0523% | 8h | 149.45 | +0.033% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0528% | 8h | 149.32 | −0.054% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCLlong | +0.0535% | 1h | 149.40 | long leg | $153K | $75K | 10x |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
tradeXYZ xyz:ORCL
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
BloFin ORCL-USDT
Bybit ORCLUSDT