Funding you earn now, next payment 04:00 UTC−0.0482%/8h= −52.8% APRnext payment −$0.60 per $10,000 · paid last 24h −0.140%
Price spread now: Nado against Phoenix−0.071%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Nado is 0.071% 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. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.65 | 0.0535 | pay 0.0067% / 1h | 26m 32s | $153K | $75K | 10x |
| Short | Nado ORCL-PERP | 149.54 | 0.0052 | get 0.0007% / 1h | 26m 32s | $88K | $22K | 10x |
Phoenix ORCL
Nado ORCL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$101.29
- Price spread: −0.071% → 0.000%
- −$7.13
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$122.42
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 20 min ago; Nado: 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, 20 min ago | 3.34 bp | 11.4 bp −$11 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Nado no order-book sample | — | — | — | — | — |
Nado: 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 | −0.0300% | 4h | 149.73 | +0.054% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.79 | +0.095% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.71 | +0.040% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.99 | +0.227% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.83 | +0.120% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.64 | −0.007% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.63 | −0.013% | $624K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.394% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.60 | −0.033% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.74 | +0.060% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
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 | 149.58 | −0.047% | $21.7M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.57 | −0.053% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.66 | +0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.47 | −0.120% | $705K | $725K | 10x | as long as short |
| Nado ORCL-PERPshort | +0.0052% | 1h | 149.54 | −0.071% | $88K | $22K | 10x | |
| QFEX ORCL-USD | +0.0067% | 1h | 149.62 | −0.020% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.66 | +0.007% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.62 | −0.020% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0215% | 8h | 149.78 | +0.086% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0242% | 8h | 149.72 | +0.049% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0308% | 8h | 149.68 | +0.020% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0327% | 8h | 149.63 | −0.011% | $25.1M | $35.5M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0328% | 1h | 149.57 | −0.056% | $388K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0360% | 8h | 149.73 | +0.053% | $261K | $277K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0382% | 8h | 149.67 | +0.013% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCLlong | +0.0535% | 1h | 149.65 | long leg | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0712% | 8h | 149.70 | +0.033% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0746% | 8h | 149.89 | +0.160% | $47K | $43K | 20x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT