Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0537%/8h= −58.8% APRpaid last 24h −0.150%

Price spread now: HTX against Phoenix+0.027%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.915%−$91 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.027% dearer against Phoenix than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ORCL	148.70	0.0537	pay 0.0067% / 1h	40m 57s	$152K	$73K	10x
Short	HTX ORCL-USDT	148.74	0	get 0.0000% / 8h	7h 40m	$52K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee HTXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$112.77
Price spread: +0.027% → 0.000%: $2.69
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$129.08
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 50 min ago; HTX: no order-book sample. 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 Phoenix live order book, 50 min ago	3.35 bp	11.5 bp −$11	24.7 bp −$247	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	−0.0961%	4h	148.76	+0.042%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.86	+0.108%	$97K	$20K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	148.77	+0.047%	$7.7M	$2.7M	20x	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.76	+0.040%	$1K	$152K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	148.98	+0.188%	$3K	$2.6M	10x	as long as short
HTX ORCL-USDTshort	0.0000%	8h	148.74	+0.027%	$52K	$25K	20x
Lighter ORCL	+0.0032%	1h	148.76	+0.040%	$475K	$59K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	148.68	−0.013%	$602K	$315K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.242%	$20K	$9K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	148.64	−0.040%	$86K	$79K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ORCL-PERP	+0.0043%	1h	148.57	−0.091%	$88K	$22K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.68	−0.013%	—	$67K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.58	−0.081%	$21.6M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.55	−0.101%	$130K	$80K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.71	+0.007%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.55	−0.101%	$708K	$870K	10x	as long as short
QFEX ORCL-USD	+0.0065%	1h	148.76	+0.040%	$1.1M	$1.9M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	148.84	+0.094%	$240K	$304K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.83	+0.087%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.71	+0.007%	$189	—	10x	as long as short
Gate ORCL_USDT	+0.0117%	8h	148.77	+0.047%	$2.3M	$2.9M	25x	as long as short
Variational Omni ORCL	+0.0173%	8h	148.75	+0.034%	$1.2M	$428K	—	as long as short
OKX ORCL-USDT-SWAP	+0.0209%	8h	148.71	+0.007%	$4.9M	$5.9M	20x	as long as short
Extended ORCL_24_5-USD	+0.0248%	1h	148.70	−0.001%	$390K	$2.1M	10x	as long as short
Binance ORCLUSDT	+0.0251%	8h	148.74	+0.026%	$25.1M	$36.3M	20x	as long as short
Phoenix ORCLlong	+0.0537%	1h	148.70	long leg	$152K	$73K	10x
Bybit ORCLUSDT	+0.0616%	8h	148.73	+0.020%	$4.1M	$1.9M	50x	as long as short
BloFin ORCL-USDT	+0.0639%	8h	148.73	+0.020%	$47K	$45K	20x	as long as short