Funding you earn now, next payment 01:00 UTC+0.0485%/8h= +53.1% APRnext payment +$0.61 per $10,000 · paid last 24h +0.138%
Price spread now: Phoenix against Polymarket Perps−0.013%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs+$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days+0.816%+$82 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.013%, 7d avg +0.005%
=The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ORCL-USD | 149.32 | 0.0050 | pay 0.0006% / 1h | 20m 42s | $131K | $90K | 10x |
| Short | Phoenix ORCL | 149.30 | 0.0535 | get 0.0067% / 1h | 20m 42s | $153K | $75K | 10x |
Polymarket Perps ORCL-USD
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Polymarket Perps. 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
- $101.84
- Price spread: −0.013% → +0.005%
- −$1.83
- Slippage, 4 orders
- −$18.72
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $66.29
- Costs to cover
- 0.337%
- Break-even
- 2.4 days
Slippage from Polymarket Perps: live order book, 46 min ago; Phoenix: live order book, 40 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 Polymarket Perps live order book, 46 min ago | 2.68 bp | 6.7 bp −$7 | 6.7 bp −$67 | 12.4 bp −$1,238 | doesn't fit |
| Sell Phoenix live order book, 40 min ago | 2.67 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
ORCL on 27 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 | −0.0997% | 4h | 149.37 | +0.034% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.24 | −0.053% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.214% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.45 | +0.087% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.48 | +0.107% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.41 | +0.060% | $622K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.174% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.30 | −0.013% | $87K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.35 | +0.020% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USDlong | +0.0050% | 1h | 149.32 | long leg | $131K | $90K | 10x |
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-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.39 | +0.047% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.11 | −0.141% | $711K | $679K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.37 | +0.033% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0074% | 1h | 149.17 | −0.101% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0090% | 1h | 149.29 | −0.020% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.39 | +0.047% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.41 | +0.060% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0140% | 8h | 149.47 | +0.100% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0171% | 8h | 149.37 | +0.033% | $2K | $180K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0185% | 8h | 149.50 | +0.121% | $7.7M | $4.0M | 20x | as long as short |
| Variational Omni ORCL | +0.0195% | 8h | 149.40 | +0.055% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.38 | +0.040% | $387K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0253% | 8h | 149.42 | +0.067% | $24.9M | $35.3M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0311% | 8h | 149.46 | +0.094% | $259K | $264K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0338% | 8h | 149.39 | +0.047% | $4.9M | $5.6M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0516% | 8h | 149.42 | +0.067% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCLshort | +0.0535% | 1h | 149.30 | −0.013% | $153K | $75K | 10x |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Bitget ORCLUSDT
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT