Funding you earn now, next payment 05:00 UTC+0.0378%/8h= +41.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.134%
Price spread now: Phoenix against tradeXYZ+0.087%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs+$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days+0.815%+$81 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.087%, 7d avg +0.046%
=Together, before fees+0.908%+ Points / potential airdroptradeXYZ: Active · farm board+$91 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.041% dearer against tradeXYZ than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:ORCL | 149.31 | 0.0050 | pay 0.0006% / 1h | 44m 58s | $21.6M | $6.9M | 10x |
| Short | Phoenix ORCL | 149.44 | 0.0428 | get 0.0053% / 1h | 44m 58s | $153K | $75K | 10x |
tradeXYZ xyz:ORCL
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- $79.33
- Price spread: +0.087% → +0.046%
- $4.12
- Slippage, 4 orders
- −$20.82
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $37.63
- Costs to cover
- 0.458%
- Break-even
- 3.7 days
Slippage from tradeXYZ: live order book, 4 min ago; Phoenix: live order book, 61 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 tradeXYZ live order book, 4 min ago | 0.34 bp | 11.6 bp −$12 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 61 min ago | 3.34 bp | 11.5 bp −$11 | 24.3 bp −$243 | 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 | −0.0424% | 4h | 149.47 | +0.104% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.54 | +0.153% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.54 | +0.154% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.69 | +0.255% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.63 | +0.214% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.51 | +0.134% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.46 | +0.100% | $623K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.167% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.41 | +0.067% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.52 | +0.141% | — | $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:ORCLlong | +0.0050% | 1h | 149.31 | long leg | $21.6M | $6.9M | 10x | |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.41 | +0.067% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.45 | +0.094% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.30 | −0.007% | $709K | $788K | 10x | as long as short |
| Nado ORCL-PERP | +0.0056% | 1h | 149.35 | +0.026% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.47 | +0.107% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.43 | +0.080% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.44 | +0.087% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0182% | 8h | 149.46 | +0.100% | $1K | $175K | 10x | as long as short |
| Variational Omni ORCL | +0.0224% | 8h | 149.40 | +0.060% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0296% | 1h | 149.43 | +0.081% | $388K | $1.5M | 10x | as long as short |
| Binance ORCLUSDT | +0.0300% | 8h | 149.43 | +0.080% | $25.0M | $35.6M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0309% | 8h | 149.59 | +0.188% | $261K | $279K | 20x | as long as short |
| Gate ORCL_USDT | +0.0321% | 8h | 149.52 | +0.141% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0337% | 8h | 149.44 | +0.087% | $5.0M | $5.9M | 20x | as long as short |
| Phoenix ORCLshort | +0.0428% | 1h | 149.44 | +0.087% | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0635% | 8h | 149.49 | +0.121% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0662% | 8h | 149.47 | +0.107% | $4.1M | $1.8M | 50x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
BloFin ORCL-USDT
Bybit ORCLUSDT