Funding you earn now, next payment 06:00 UTC−0.0395%/8h= −43.3% APRnext payment −$0.49 per $10,000 · paid last 24h −0.128%
Price spread now: Injective against Phoenix−0.067%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.804%−$80 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Injective is 0.067% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.16 | 0.0429 | pay 0.0054% / 1h | 31m 40s | $152K | $75K | 10x |
| Short | Injective ORCL/USDC PERP | 149.06 | 0.0033 | get 0.0004% / 1h | 31m 40s | $20K | $9K | 12x |
Phoenix ORCL
Injective ORCL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$83
- Price spread: −0.067% → 0.000%
- −$6.7
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$96.73
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 4 min ago; Injective: 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, 4 min ago | 2.68 bp | 10.8 bp −$11 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0114% | 4h | 149.27 | +0.077% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.23 | +0.050% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.48 | +0.215% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.57 | +0.275% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.36 | +0.134% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.39 | +0.154% | $475K | $53K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.33 | +0.114% | $622K | $322K | 10x | as long as short |
| Injective ORCL/USDC PERPshort | +0.0033% | 1h | 149.06 | −0.067% | $20K | $9K | 12x | |
| Arcus ORCL-USD | +0.0040% | 1h | 149.23 | +0.047% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.35 | +0.127% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.22 | +0.040% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.28 | +0.080% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.33 | +0.114% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.08 | −0.054% | $698K | $893K | 10x | as long as short |
| Nado ORCL-PERP | +0.0052% | 1h | 149.21 | +0.034% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.33 | +0.114% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.28 | +0.080% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.28 | +0.080% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0146% | 8h | 149.38 | +0.147% | $240K | $280K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0165% | 8h | 149.32 | +0.109% | $1K | $162K | 10x | as long as short |
| Variational Omni ORCL | +0.0170% | 8h | 149.28 | +0.080% | $1.2M | $423K | — | as long as short |
| Gate ORCL_USDT | +0.0226% | 8h | 149.42 | +0.174% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0248% | 8h | 149.37 | +0.141% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDT | +0.0253% | 8h | 149.39 | +0.154% | $24.9M | $36.9M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.35 | +0.130% | $391K | $1.4M | 10x | as long as short |
| Phoenix ORCLlong | +0.0429% | 1h | 149.16 | long leg | $152K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0558% | 8h | 149.33 | +0.114% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0576% | 8h | 149.40 | +0.161% | $4.1M | $1.9M | 50x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Extended ORCL_24_5-USD
BloFin ORCL-USDT
Bybit ORCLUSDT