Funding you earn now, next payment 03:00 UTC−0.0418%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h −0.133%
Price spread now: tradeXYZ against Phoenix−0.007%81s7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days−0.819%−$82 on $10k
+Price spread, last 4 days (all we have)−0.257%−$26 · spread now −0.007%, 7d avg −0.046%
=Together, before fees−1.077%+ Points / potential airdroptradeXYZ: Active · farm board−$108 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.040% dearer against Phoenix than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.046%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 81 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 | 149.67 | 0.0481 | pay 0.0060% / 1h | 36m 00s | $153K | $75K | 10x |
| Short | tradeXYZ xyz:ORCL | 149.66 | 0.0063 | get 0.0008% / 1h | 36m 00s | $21.6M | $6.8M | 10x |
Phoenix ORCL
tradeXYZ xyz:ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$87.79
- Price spread: −0.007% → −0.046%
- $3.97
- Slippage, 4 orders
- −$20.61
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$129.43
- Costs to cover
- 0.456%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 15 min ago; tradeXYZ: live order book, 3 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, 15 min ago | 2.67 bp | 10.8 bp −$11 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.67 bp | 12.1 bp −$12 | 14.7 bp −$147 | 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 | −0.0176% | 4h | 149.69 | +0.014% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.60 | −0.049% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.00 | +0.220% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.79 | +0.080% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.70 | +0.020% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.75 | +0.053% | $624K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.408% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.61 | −0.040% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.73 | +0.040% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.66 | −0.007% | $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 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.75 | +0.053% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.52 | −0.100% | $703K | $718K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0053% | 8h | 149.81 | +0.094% | $7.7M | $3.9M | 20x | as long as short |
| Nado ORCL-PERP | +0.0059% | 1h | 149.60 | −0.050% | $91K | $20K | 10x | as long as short |
| tradeXYZ xyz:ORCLshort | +0.0063% | 1h | 149.66 | −0.007% | $21.6M | $6.8M | 10x | |
| QFEX ORCL-USD | +0.0080% | 1h | 149.72 | +0.033% | $1.1M | $2.3M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.72 | +0.033% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.72 | +0.033% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0186% | 8h | 149.81 | +0.094% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0243% | 8h | 149.78 | +0.076% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0260% | 8h | 149.75 | +0.052% | $2K | $177K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0312% | 1h | 149.74 | +0.047% | $388K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0315% | 8h | 149.79 | +0.080% | $25.1M | $35.7M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0383% | 8h | 149.75 | +0.053% | $262K | $275K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0401% | 8h | 149.80 | +0.087% | $5.0M | $5.7M | 20x | as long as short |
| Phoenix ORCLlong | +0.0481% | 1h | 149.67 | long leg | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0718% | 8h | 149.87 | +0.134% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0752% | 8h | 149.88 | +0.140% | $4.1M | $1.8M | 50x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Bitget ORCLUSDT
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
BloFin ORCL-USDT
Bybit ORCLUSDT