Funding you earn now, next payment 08:00 UTC−0.0487%/8h= −53.3% APRnext payment −$0.61 per $10,000 · paid last 24h −0.135%
Price spread now: Polymarket Perps against Phoenix−0.107%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 7 days−0.800%−$80 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.107%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Polymarket Perps is 0.105% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 148.85 | 0.0537 | pay 0.0067% / 1h | 47m 32s | $152K | $73K | 10x |
| Short | Polymarket Perps ORCL-USD | 148.69 | 0.0050 | get 0.0006% / 1h | 47m 32s | $130K | $80K | 10x |
Phoenix ORCL
Polymarket Perps ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$102.27
- Price spread: −0.107% → −0.002%
- −$10.53
- Slippage, 4 orders
- −$23.28
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$151.08
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 43 min ago; Polymarket Perps: live order book, 49 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, 43 min ago | 3.35 bp | 11.5 bp −$11 | 24.7 bp −$247 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 49 min ago | 2.68 bp | 8.6 bp −$9 | 8.8 bp −$88 | 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 | −0.0440% | 4h | 148.91 | +0.039% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.00 | +0.102% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.01 | +0.107% | $7.7M | $2.6M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 149.00 | +0.098% | $1K | $152K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.21 | +0.242% | $3K | $2.6M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.07 | +0.148% | $52K | $25K | 20x | as long as short |
| Nado ORCL-PERP | +0.0026% | 1h | 148.72 | −0.088% | $88K | $22K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.92 | +0.047% | $475K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 148.87 | +0.013% | $621K | $296K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.141% | $20K | $9K | 12x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus ORCL-USD | +0.0040% | 1h | 148.81 | −0.027% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.91 | +0.040% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.79 | −0.040% | $21.7M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USDshort | +0.0050% | 1h | 148.69 | −0.107% | $130K | $80K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.92 | +0.047% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.70 | −0.101% | $709K | $871K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 148.95 | +0.067% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.99 | +0.094% | $241K | $298K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.01 | +0.107% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.92 | +0.047% | $189 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0120% | 8h | 149.03 | +0.121% | $2.3M | $2.8M | 25x | as long as short |
| Variational Omni ORCL | +0.0177% | 8h | 148.99 | +0.091% | $1.2M | $428K | — | as long as short |
| OKX ORCL-USDT-SWAP | +0.0210% | 8h | 148.96 | +0.074% | $4.9M | $5.8M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 148.89 | +0.025% | $390K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0265% | 8h | 148.93 | +0.052% | $25.1M | $36.3M | 20x | as long as short |
| BloFin ORCL-USDT | +0.0483% | 8h | 149.10 | +0.168% | $48K | $44K | 20x | as long as short |
| Phoenix ORCLlong | +0.0537% | 1h | 148.85 | long leg | $152K | $73K | 10x | |
| Bybit ORCLUSDT | +0.0621% | 8h | 148.97 | +0.081% | $4.1M | $1.9M | 50x | as long as short |
Arcus ORCL-USD
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Binance ORCLUSDT
BloFin ORCL-USDT
Bybit ORCLUSDT