Funding you earn now, next payment 02:00 UTC−0.0206%/8h= −22.6% APRpaid last 24h −0.105%
Price spread now: KuCoin against Phoenix+0.127%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$2032.030% of the position
Funding, last 7 days−0.701%−$70 on $10k
+Price spread, last 4 days (all we have)−0.432%−$43 · spread now +0.127%, 7d avg +0.065%
=The price spread pays, funding is against you. KuCoin is 0.063% dearer against Phoenix than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.065%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.31 | 0.0536 | pay 0.0067% / 1h | 29m 15s | $153K | $75K | 10x |
| Short | KuCoin ORCLUSDTM | 149.50 | 0.0330 | get 0.0330% / 8h | 5h 29m | $261K | $267K | 20x |
Phoenix ORCL
KuCoin ORCLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$43.27
- Price spread: +0.127% → +0.065%
- $6.27
- Slippage, 4 orders
- −$183.99
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$239.99
- Costs to cover
- 2.030%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 27 min ago; KuCoin: live order book, 66 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, 27 min ago | 2.68 bp | 10.2 bp −$10 | 21.3 bp −$213 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 66 min ago | 8.03 bp | 70.9 bp −$71 | doesn't fit | 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 | −0.0764% | 4h | 149.42 | +0.075% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.30 | −0.010% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.69 | +0.255% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.56 | +0.167% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.43 | +0.080% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.41 | +0.067% | $622K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.167% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.36 | +0.033% | $87K | $79K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0044% | 8h | 149.54 | +0.154% | $7.7M | $4.0M | 20x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.42 | +0.074% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Bitget ORCLUSDT
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 | 149.33 | +0.013% | $21.5M | $6.8M | 10x | as long as short |
| Gate ORCL_USDT | +0.0050% | 8h | 149.53 | +0.147% | $2.3M | $2.9M | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.39 | +0.054% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.42 | +0.074% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.24 | −0.047% | $699K | $728K | 10x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.44 | +0.087% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0063% | 1h | 149.31 | +0.002% | $92K | $18K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.39 | +0.054% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.42 | +0.074% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0146% | 8h | 149.48 | +0.116% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0178% | 8h | 149.50 | +0.130% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.44 | +0.085% | $387K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0249% | 8h | 149.43 | +0.080% | $24.9M | $35.4M | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0329% | 8h | 149.50 | +0.127% | $4.9M | $5.5M | 20x | as long as short |
| KuCoin ORCLUSDTMshort | +0.0330% | 8h | 149.50 | +0.127% | $261K | $267K | 20x | |
| Bybit ORCLUSDT | +0.0532% | 8h | 149.49 | +0.121% | $3.7M | $1.5M | 50x | as long as short |
| Phoenix ORCLlong | +0.0536% | 1h | 149.31 | long leg | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0548% | 8h | 149.57 | +0.174% | $47K | $43K | 20x | as long as short |
tradeXYZ xyz:ORCL
Gate ORCL_USDT
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT