Funding you earn now, next payment 01:00 UTC−0.0435%/8h= −47.6% APRpaid last 24h −0.123%
Price spread now: Orderly against Phoenix+0.020%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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. Orderly is 0.020% dearer against Phoenix than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$13 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 | 149.32 | 0.0535 | pay 0.0067% / 1h | 1m 17s | $153K | $75K | 10x |
| Short | Orderly PERP_ORCL_USDC_mythos | 149.35 | 0.0100 | get 0.0100% / 8h | 6h 01m | $190 | — | 10x |
Phoenix ORCL
Orderly PERP_ORCL_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$91.34
- Price spread: +0.020% → 0.000%
- $2.01
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$102.34
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 60 min ago; Orderly: 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, 60 min ago | 2.67 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 27 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 | −0.0343% | 4h | 149.38 | +0.041% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.21 | −0.074% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.63 | +0.208% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.42 | +0.067% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.43 | +0.074% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.34 | +0.013% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.174% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.27 | −0.033% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.31 | −0.007% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.28 | −0.027% | $131K | $90K | 10x | 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
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.34 | +0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.12 | −0.134% | $697K | $716K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.32 | 0.000% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0075% | 1h | 149.22 | −0.066% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0076% | 1h | 149.26 | −0.040% | $21.5M | $6.7M | 10x | as long as short |
| Gate ORCL_USDT | +0.0096% | 8h | 149.41 | +0.060% | $2.3M | $2.9M | 25x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.37 | +0.033% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythosshort | +0.0100% | 8h | 149.35 | +0.020% | $190 | — | 10x | |
| Bitget ORCLUSDT | +0.0125% | 8h | 149.43 | +0.074% | $7.7M | $4.0M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0162% | 8h | 149.39 | +0.047% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0186% | 8h | 149.32 | −0.001% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.34 | +0.016% | $387K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0249% | 8h | 149.34 | +0.013% | $24.9M | $35.4M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0325% | 8h | 149.50 | +0.121% | $259K | $267K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0335% | 8h | 149.33 | +0.007% | $4.9M | $5.6M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0520% | 8h | 149.43 | +0.074% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCLlong | +0.0535% | 1h | 149.32 | long leg | $153K | $75K | 10x |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
tradeXYZ xyz:ORCL
Gate ORCL_USDT
ApeX Omni ORACLEUSDT
Bitget ORCLUSDT
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT