Funding you earn now, next payment 00:00 UTC+0.0697%/8h= +76.4% APRpaid last 24h +0.148%
Price spread now: Phoenix against SunX−0.200%69s7-day average −0.222% · you buy dearer than you sell
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)−0.016%−$2 · spread now −0.200%, 7d avg −0.222%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Phoenix is 0.022% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.222%. 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 | SunX ORCL-USDT | 149.78 | 0 | get 0.0000% / 8h | 7h 05m | $2K | $2.8M | 10x |
| Short | Phoenix ORCL | 149.48 | 0.0697 | get 0.0087% / 1h | 5m 47s | $153K | $84K | 10x |
SunX ORCL-USDT
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $146.44
- Price spread: −0.200% → −0.222%
- $2.18
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $133.62
- Costs to cover
- 0.150%
- Break-even
- 0.6 days
Slippage unknown: SunX: live order book, 2 min ago; Phoenix: live order book, 60 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 SunX live order book, 2 min ago | 29.71 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 60 min ago | 2.68 bp | 10.2 bp −$10 | 21.3 bp −$213 | 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 | −0.0982% | 4h | 149.51 | −0.182% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.58 | −0.136% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDTlong | 0.0000% | 8h | 149.78 | long leg | $2K | $2.8M | 10x | |
| HTX ORCL-USDT | 0.0000% | 8h | 149.62 | −0.107% | $52K | $22K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.58 | −0.134% | $474K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.56 | −0.147% | $622K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.481% | $20K | $12K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.55 | −0.154% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.45 | −0.220% | $132K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.54 | −0.160% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.34 | −0.294% | $703K | $697K | 10x | as long as short |
| Nado ORCL-PERP | +0.0066% | 1h | 149.45 | −0.222% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.49 | −0.194% | $1.2M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0088% | 1h | 149.45 | −0.220% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.35 | −0.287% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.51 | −0.180% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0204% | 8h | 149.54 | −0.159% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.51 | −0.178% | $386K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0249% | 8h | 149.55 | −0.154% | $25.1M | $35.2M | 20x | as long as short |
| Gate ORCL_USDT | +0.0252% | 8h | 149.61 | −0.113% | $2.3M | $2.9M | 25x | as long as short |
| KuCoin ORCLUSDTM | +0.0305% | 8h | 149.63 | −0.100% | $261K | $261K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0323% | 8h | 149.59 | −0.127% | $4.8M | $5.5M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0350% | 8h | 149.51 | −0.182% | $2K | $181K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0389% | 8h | 149.63 | −0.100% | $7.7M | $4.0M | 20x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.45 | −0.220% | $87K | $79K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0592% | 8h | 149.59 | −0.127% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0605% | 8h | 149.60 | −0.120% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCLshort | +0.0697% | 1h | 149.48 | −0.200% | $153K | $84K | 10x |
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
GRVT ORCL_USDT_Perp
Bitget ORCLUSDT
Arcus ORCL-USD
BloFin ORCL-USDT
Bybit ORCLUSDT