Funding you earn now, next payment 04:00 UTC−0.0301%/8h= −32.9% APRpaid last 24h −0.117%
Price spread now: Variational Omni against Phoenix+0.153%54s7-day average +0.051% · 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)−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.153%, 7d avg +0.051%
=Together, before fees−0.298%+ Points / potential airdropVariational Omni: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.102% dearer against Phoenix than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.051%): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 4 days (−0.150% in total) that is about 2.4 days. The two prices were read 54 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 | 149.59 | 0.0535 | pay 0.0067% / 1h | 2m 40s | $153K | $75K | 10x |
| Short | Variational Omni ORCL | 149.82 | 0.0234 | get 0.0234% / 8h | 3h 02m | $1.3M | $363K | — |
Phoenix ORCL
Variational Omni ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$63.16
- Price spread: +0.153% → +0.051%
- $10.18
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$59.98
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 43 min ago; Variational Omni: RFQ quote, 1 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, 43 min ago | 3.34 bp | 11.4 bp −$11 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 3.04 bp | doesn't fit | 20.6 bp −$206 | 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 | −0.0078% | 4h | 149.78 | +0.130% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.82 | +0.152% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.84 | +0.167% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.98 | +0.261% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.82 | +0.154% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.77 | +0.120% | $475K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.77 | +0.120% | $625K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.354% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.68 | +0.060% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.78 | +0.127% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.61 | +0.013% | $21.6M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.70 | +0.074% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.77 | +0.120% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.56 | −0.020% | $704K | $797K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.71 | +0.080% | $1.1M | $2.1M | 10x | as long as short |
| Nado ORCL-PERP | +0.0070% | 1h | 149.66 | +0.045% | $88K | $22K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.74 | +0.100% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.75 | +0.107% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0194% | 8h | 149.81 | +0.147% | $1K | $175K | 10x | as long as short |
| Variational Omni ORCLshort | +0.0234% | 8h | 149.82 | +0.153% | $1.3M | $363K | — | |
| Extended ORCL_24_5-USD | +0.0312% | 1h | 149.71 | +0.079% | $391K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0313% | 8h | 149.74 | +0.103% | $25.1M | $35.6M | 20x | as long as short |
| Gate ORCL_USDT | +0.0326% | 8h | 149.83 | +0.160% | $2.3M | $3.0M | 25x | as long as short |
| KuCoin ORCLUSDTM | +0.0329% | 8h | 149.80 | +0.140% | $261K | $278K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0353% | 8h | 149.77 | +0.120% | $5.0M | $5.9M | 20x | as long as short |
| Phoenix ORCLlong | +0.0535% | 1h | 149.59 | long leg | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0673% | 8h | 149.85 | +0.174% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0680% | 8h | 149.85 | +0.174% | $47K | $43K | 20x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT