Funding you earn now, next payment 08:00 UTC+0.0437%/8h= +47.8% APRnext payment +$0.55 per $10,000 · paid last 24h +0.120%
Price spread now: Phoenix against ApeX Omni+0.047%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$620.615% of the position
Funding, last 7 days+0.710%+$71 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.047%, 7d avg −0.030%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.077% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ORACLEUSDT | 149.23 | 0.0100 | pay 0.0013% / 1h | 54m 21s | $22K | $263K | 50x |
| Short | Phoenix ORCL | 149.30 | 0.0537 | get 0.0067% / 1h | 54m 21s | $153K | $72K | 10x |
ApeX Omni ORACLEUSDT
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- $91.77
- Price spread: +0.047% → −0.030%
- $7.73
- Slippage, 4 orders
- −$44.54
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $37.96
- Costs to cover
- 0.615%
- Break-even
- 4.1 days
Slippage from ApeX Omni: live order book, 38 min ago; Phoenix: live order book, 32 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 ApeX Omni live order book, 38 min ago | 7.40 bp | 18.7 bp −$19 | 173.7 bp −$1,737 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 32 min ago | 3.37 bp | 11.5 bp −$12 | 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 | −0.0616% | 4h | 149.34 | +0.075% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.13 | −0.066% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.31 | +0.054% | $7.7M | $2.5M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.168% | $2K | $2.5M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.56 | +0.221% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.26 | +0.020% | $476K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.19 | −0.027% | $606K | $277K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.114% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.31 | +0.054% | — | $55K | 25x | as long as short |
| Nado ORCL-PERP | +0.0047% | 1h | 149.19 | −0.030% | $88K | $22K | 10x | 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
Vest ORCL-USD-PERP
Nado ORCL-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.15 | −0.054% | $131K | $70K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.20 | −0.020% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.04 | −0.127% | $715K | $863K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.22 | −0.007% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.37 | +0.094% | $242K | $358K | 20x | as long as short |
| ApeX Omni ORACLEUSDTlong | +0.0100% | 1h | 149.23 | long leg | $22K | $263K | 50x | |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.19 | −0.027% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0120% | 1h | 149.15 | −0.054% | $21.8M | $6.8M | 10x | as long as short |
| Variational Omni ORCL | +0.0172% | 8h | 149.32 | +0.061% | $1.2M | $415K | — | as long as short |
| OKX ORCL-USDT-SWAP | +0.0201% | 8h | 149.28 | +0.034% | $4.9M | $6.0M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.19 | −0.024% | $388K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0268% | 8h | 149.22 | −0.007% | $25.2M | $35.8M | 20x | as long as short |
| Gate ORCL_USDT | +0.0293% | 8h | 149.28 | +0.034% | $2.3M | $2.8M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0403% | 8h | 149.47 | +0.161% | $1K | $143K | 10x | as long as short |
| Arcus ORCL-USD | +0.0415% | 1h | 149.15 | −0.054% | $86K | $79K | 10x | as long as short |
| Phoenix ORCLshort | +0.0537% | 1h | 149.30 | +0.047% | $153K | $72K | 10x | |
| Bybit ORCLUSDT | +0.0612% | 8h | 149.26 | +0.020% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0655% | 8h | 149.37 | +0.094% | $48K | $45K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
KuCoin ORCLUSDTM
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
Variational Omni ORCL
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Arcus ORCL-USD
Bybit ORCLUSDT
BloFin ORCL-USDT