Funding you earn now, next payment 01:00 UTC+0.1399%/8h= +153.2% APRpaid last 24h +0.290%
Price spread now: Phoenix against edgeX+0.004%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs+$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days+2.063%+$206 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.004%, 7d avg −0.050%
=Together, before fees+2.207%+ Points / potential airdropedgeX: Active · farm board+$221 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Phoenix is 0.054% dearer against edgeX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ORCLUSDC | 149.33 | −0.0864 | get 0.0432% / 4h | 2h 14m | $28K | $214K | 10x |
| Short | Phoenix ORCL | 149.34 | 0.0535 | get 0.0067% / 1h | 14m 59s | $153K | $75K | 10x |
edgeX ORCLUSDC
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- $293.75
- Price spread: +0.004% → −0.050%
- $5.37
- Slippage, 4 orders
- −$25.89
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $257.23
- Costs to cover
- 0.419%
- Break-even
- 0.9 days
Slippage from edgeX: live order book, 52 min ago; Phoenix: live order book, 46 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 edgeX live order book, 52 min ago | 5.69 bp | 10.7 bp −$11 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 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 ORCLUSDClong | −0.0864% | 4h | 149.33 | long leg | $28K | $214K | 10x | |
| Aster ORCLUSDT | 0.0000% | 8h | 149.21 | −0.085% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.52 | +0.124% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.051% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.37 | +0.024% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.30 | −0.023% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.184% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.25 | −0.057% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.31 | −0.016% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.22 | −0.077% | $131K | $90K | 10x | as long as short |
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.30 | −0.023% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.11 | −0.150% | $711K | $679K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.25 | −0.057% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0079% | 1h | 149.22 | −0.079% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0092% | 1h | 149.21 | −0.083% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.25 | −0.057% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.28 | −0.036% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0135% | 8h | 149.39 | +0.037% | $2.3M | $2.9M | 25x | as long as short |
| Bitget ORCLUSDT | +0.0170% | 8h | 149.39 | +0.037% | $7.7M | $4.0M | 20x | as long as short |
| Variational Omni ORCL | +0.0200% | 8h | 149.28 | −0.038% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0204% | 8h | 149.39 | +0.035% | $2K | $180K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.26 | −0.048% | $387K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0257% | 8h | 149.30 | −0.023% | $24.9M | $35.4M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0318% | 8h | 149.46 | +0.084% | $261K | $264K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0339% | 8h | 149.39 | +0.037% | $4.9M | $5.7M | 20x | as long as short |
| Phoenix ORCLshort | +0.0535% | 1h | 149.34 | +0.004% | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0536% | 8h | 149.41 | +0.051% | $3.5M | $1.4M | 50x | as long as short |
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
Bitget ORCLUSDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT