Funding you earn now, next payment 08:00 UTC−0.0273%/8h= −29.9% APRnext payment −$0.34 per $10,000 · paid last 24h −0.081%
Price spread now: Extended against Phoenix+0.108%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days−0.734%−$73 on $10k
+Price spread, last 4 days (all we have)−0.453%−$45 · spread now +0.108%, 7d avg +0.028%
=Together, before fees−1.186%+ Points / potential airdropExtended: Active · farm board−$119 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.080% dearer against Phoenix than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.028%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 148.59 | 0.0537 | pay 0.0067% / 1h | 45m 03s | $152K | $73K | 10x |
| Short | Extended ORCL_24_5-USD | 148.75 | 0.0264 | get 0.0033% / 1h | 45m 03s | $390K | $2.1M | 10x |
Phoenix ORCL
Extended ORCL_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$57.33
- Price spread: +0.108% → +0.028%
- $8.01
- Slippage, 4 orders
- −$26.83
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$88.15
- Costs to cover
- 0.388%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 46 min ago; Extended: live order book, 3 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, 46 min ago | 3.35 bp | 11.5 bp −$11 | 24.7 bp −$247 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 1.34 bp | 7.9 bp −$8 | 58.4 bp −$584 | 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 | −0.0440% | 4h | 148.91 | +0.214% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.86 | +0.182% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 148.85 | +0.175% | $7.7M | $2.7M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 149.00 | +0.273% | $1K | $152K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 148.98 | +0.262% | $3K | $2.6M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.86 | +0.182% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.80 | +0.141% | $475K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 148.73 | +0.094% | $603K | $315K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.316% | $20K | $9K | 12x | as long as short |
| Nado ORCL-PERP | +0.0037% | 1h | 148.64 | +0.036% | $88K | $22K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Nado ORCL-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus ORCL-USD | +0.0040% | 1h | 148.70 | +0.074% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.74 | +0.101% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.69 | +0.067% | $21.7M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.61 | +0.013% | $130K | $80K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.75 | +0.108% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.62 | +0.020% | $708K | $870K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 148.74 | +0.101% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.83 | +0.162% | $241K | $300K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.83 | +0.162% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.79 | +0.135% | $189 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0136% | 8h | 148.89 | +0.202% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0173% | 8h | 148.75 | +0.108% | $1.2M | $428K | — | as long as short |
| OKX ORCL-USDT-SWAP | +0.0211% | 8h | 148.86 | +0.182% | $4.9M | $5.9M | 20x | as long as short |
| Binance ORCLUSDT | +0.0263% | 8h | 148.81 | +0.146% | $25.1M | $36.4M | 20x | as long as short |
| Extended ORCL_24_5-USDshort | +0.0264% | 1h | 148.75 | +0.108% | $390K | $2.1M | 10x | |
| Phoenix ORCLlong | +0.0537% | 1h | 148.59 | long leg | $152K | $73K | 10x | |
| Bybit ORCLUSDT | +0.0660% | 8h | 148.81 | +0.148% | $4.1M | $1.9M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0677% | 8h | 148.91 | +0.215% | $47K | $45K | 20x | as long as short |
Arcus ORCL-USD
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
Gate ORCL_USDT
Variational Omni ORCL
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Bybit ORCLUSDT
BloFin ORCL-USDT