Funding you earn now, next payment 10:00 UTC−0.0619%/8h= −67.8% APRnext payment −$0.77 per $10,000 · paid last 24h −0.133%
Price spread now: SoDEX against Phoenix+0.174%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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. SoDEX is 0.174% dearer against Phoenix than usual: you sell high and buy low (spread +0.174% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.40 | 0.0749 | pay 0.0094% / 1h | 51m 00s | $153K | $72K | 10x |
| Short | SoDEX ORCL-USD | 149.66 | 0.0130 | get 0.0016% / 1h | 51m 00s | $30K | $3K | 10x |
Phoenix ORCL
SoDEX ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$129.98
- Price spread: +0.174% → 0.000%
- $17.4
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$127.57
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 54 min ago; SoDEX: 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, 54 min ago | 3.35 bp | 12.4 bp −$12 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 exchanges
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 | −0.0130% | 4h | 149.50 | +0.065% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.50 | +0.067% | $105K | $22K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.96 | +0.375% | $7.7M | $2.4M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.97 | +0.382% | $2K | $2.4M | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.74 | +0.228% | $478K | $59K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.228% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.64 | +0.161% | — | $43K | 25x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.35 | −0.033% | $699K | $816K | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0071% | 1h | 149.63 | +0.154% | $131K | $69K | 10x | as long as short |
| QFEX ORCL-USD | +0.0079% | 1h | 149.61 | +0.141% | $1.1M | $2.0M | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Ondo Perps ORCL-USD.P
Polymarket Perps ORCL-USD
QFEX ORCL-USDShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.58 | +0.120% | $242K | $430K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.37 | −0.020% | $22K | $262K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.64 | +0.161% | $190 | — | 10x | as long as short |
| HTX ORCL-USDT | +0.0128% | 8h | 149.59 | +0.127% | $52K | $24K | 20x | as long as short |
| Nado ORCL-PERP | +0.0128% | 1h | 149.41 | +0.010% | $88K | $22K | 10x | as long as short |
| SoDEX ORCL-USDshort | +0.0130% | 1h | 149.66 | +0.174% | $30K | $3K | 10x | |
| Lighter RH ORCL | +0.0224% | 1h | 149.76 | +0.241% | $620K | $291K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0242% | 8h | 149.86 | +0.308% | $5.0M | $6.1M | 20x | as long as short |
| Variational Omni ORCL | +0.0254% | 8h | 149.38 | −0.012% | $1.2M | $399K | — | as long as short |
| tradeXYZ xyz:ORCL | +0.0343% | 1h | 149.72 | +0.214% | $21.9M | $6.7M | 10x | as long as short |
| Binance ORCLUSDT | +0.0365% | 8h | 149.78 | +0.257% | $25.3M | $35.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0368% | 1h | 149.74 | +0.229% | $390K | $2.1M | 10x | as long as short |
| Gate ORCL_USDT | +0.0377% | 8h | 149.78 | +0.254% | $2.3M | $2.8M | 25x | as long as short |
| Arcus ORCL-USD | +0.0445% | 1h | 149.55 | +0.100% | $87K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0549% | 8h | 149.52 | +0.080% | $1K | $138K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0700% | 8h | 149.69 | +0.194% | $48K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0722% | 8h | 149.80 | +0.268% | $4.2M | $1.8M | 50x | as long as short |
| Phoenix ORCLlong | +0.0749% | 1h | 149.40 | long leg | $153K | $72K | 10x |
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
HTX ORCL-USDT
Nado ORCL-PERP
Lighter RH ORCL
OKX ORCL-USDT-SWAP
Variational Omni ORCL
tradeXYZ xyz:ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
Gate ORCL_USDT
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
BloFin ORCL-USDT
Bybit ORCLUSDT