Funding you earn now, next payment 23:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.148%
Price spread now: SunX against Phoenix+0.127%69s7-day average +0.223% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.933%−$93 on $10k
+Price spread, last 3 days (all we have)+0.091%+$9 · spread now +0.127%, 7d avg +0.223%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and SunX is 0.095% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.223%). Swap the legs. The two prices were read 69 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 | 149.30 | 0.0538 | pay 0.0067% / 1h | 53m 44s | $150K | $84K | 10x |
| Short | SunX ORCL-USDT | 149.49 | 0 | get 0.0000% / 8h | 7h 53m | $2K | $2.8M | 10x |
Phoenix ORCL
SunX ORCL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$112.93
- Price spread: +0.127% → +0.223%
- −$9.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$137.47
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 12 min ago; SunX: live order book, 4 min ago. 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, 12 min ago | 2.68 bp | 10.2 bp −$10 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 30.07 bp | doesn't fit | 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 | −0.0373% | 4h | 149.39 | +0.061% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.39 | +0.063% | $94K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 149.35 | +0.033% | $2.3M | $2.9M | 25x | as long as short |
| SunX ORCL-USDTshort | 0.0000% | 8h | 149.49 | +0.127% | $2K | $2.8M | 10x | |
| HTX ORCL-USDT | 0.0000% | 8h | 149.46 | +0.107% | $52K | $22K | 20x | as long as short |
| Nado ORCL-PERP | +0.0027% | 1h | 149.26 | −0.028% | $92K | $18K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.50 | +0.134% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.41 | +0.074% | $621K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.161% | $20K | $12K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.33 | +0.020% | — | $127K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.24 | −0.040% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.16 | −0.094% | $696K | $713K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.24 | −0.040% | $1.1M | $2.9M | 10x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.27 | −0.020% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0136% | 8h | 149.42 | +0.080% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0192% | 1h | 149.31 | +0.009% | $386K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | +0.0192% | 8h | 149.37 | +0.050% | $25.1M | $35.2M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0251% | 8h | 149.43 | +0.089% | $1K | $192K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0276% | 8h | 149.52 | +0.147% | $260K | $250K | 20x | as long as short |
| Polymarket Perps ORCL-USD | +0.0306% | 1h | 149.20 | −0.067% | $131K | $98K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0316% | 8h | 149.35 | +0.033% | $4.8M | $5.5M | 20x | as long as short |
| tradeXYZ xyz:ORCL | +0.0380% | 1h | 149.28 | −0.013% | $21.5M | $7.0M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0397% | 8h | 149.39 | +0.060% | $7.6M | $4.2M | 20x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.27 | −0.020% | $86K | $79K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0479% | 1h | 149.42 | +0.080% | $22K | $266K | 50x | as long as short |
| Phoenix ORCLlong | +0.0538% | 1h | 149.30 | long leg | $150K | $84K | 10x | |
| Bybit ORCLUSDT | +0.0731% | 8h | 149.43 | +0.087% | $3.5M | $1.5M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0740% | 8h | 149.43 | +0.087% | $47K | $51K | 20x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
GRVT ORCL_USDT_Perp
KuCoin ORCLUSDTM
Polymarket Perps ORCL-USD
OKX ORCL-USDT-SWAP
tradeXYZ xyz:ORCL
Bitget ORCLUSDT
Arcus ORCL-USD
ApeX Omni ORACLEUSDT
Bybit ORCLUSDT
BloFin ORCL-USDT