Funding you earn now, next payment 04:00 UTC−0.0489%/8h= −53.5% APRnext payment −$0.61 per $10,000 · paid last 24h −0.140%
Price spread now: Vest against Phoenix−0.033%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Vest is 0.033% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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 | 0.0535 | pay 0.0067% / 1h | 48m 30s | $153K | $75K | 10x |
| Short | Vest ORCL-USD-PERP | 149.62 | 0.0046 | get 0.0006% / 1h | 48m 30s | — | $67K | 25x |
Phoenix ORCL
Vest ORCL-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$102.66
- Price spread: −0.033% → 0.000%
- −$3.34
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$115
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 63 min ago; Vest: 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, 63 min ago | 2.67 bp | 10.8 bp −$11 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 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 | −0.0646% | 4h | 149.73 | +0.042% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.42 | −0.167% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.69 | +0.013% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.77 | +0.067% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.65 | −0.013% | $52K | $24K | 20x | as long as short |
| Nado ORCL-PERP | +0.0022% | 1h | 149.46 | −0.138% | $91K | $20K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.56 | −0.073% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.53 | −0.094% | $623K | $315K | 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 | 149.53 | −0.094% | $87K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ORCL-USD-PERPshort | +0.0046% | 1h | 149.62 | −0.033% | — | $67K | 25x | |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.42 | −0.167% | $21.6M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.54 | −0.087% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.53 | −0.094% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.41 | −0.174% | $703K | $723K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.56 | −0.073% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.78 | +0.073% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.49 | −0.120% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0225% | 8h | 149.79 | +0.081% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0247% | 8h | 149.67 | −0.001% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0303% | 8h | 149.56 | −0.073% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0319% | 8h | 149.59 | −0.052% | $25.2M | $35.3M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0320% | 1h | 149.52 | −0.098% | $390K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0353% | 8h | 149.64 | −0.020% | $262K | $279K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0388% | 8h | 149.62 | −0.033% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCLlong | +0.0535% | 1h | 149.67 | long leg | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0725% | 8h | 149.68 | +0.007% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0742% | 8h | 149.70 | +0.020% | $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
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT