Funding you earn now, next payment 02:00 UTC+0.0488%/8h= +53.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.141%
Price spread now: Phoenix against Nado+0.027%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Phoenix is 0.027% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | Nado ORCL-PERP | 149.12 | 0.0048 | pay 0.0006% / 1h | 48m 16s | $92K | $18K | 10x |
| Short | Phoenix ORCL | 149.16 | 0.0536 | get 0.0067% / 1h | 48m 16s | $152K | $75K | 10x |
Nado ORCL-PERP
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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
- $102.49
- Price spread: +0.027% → 0.000%
- $2.71
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $91.21
- Costs to cover
- 0.140%
- Break-even
- 0.8 days
Slippage unknown: Nado: no order-book sample; Phoenix: live order book, 8 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 Nado no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 8 min ago | 2.68 bp | 10.2 bp −$10 | 21.3 bp −$213 | doesn't fit | doesn't fit |
Nado: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0172% | 4h | 149.24 | +0.083% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.13 | +0.007% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.50 | +0.255% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.35 | +0.155% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.30 | +0.121% | $473K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.23 | +0.074% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.040% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.17 | +0.034% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.27 | +0.101% | — | $67K | 25x | as long as short |
| Nado ORCL-PERPlong | +0.0048% | 1h | 149.12 | long leg | $92K | $18K | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.15 | +0.020% | $21.5M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.18 | +0.041% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.24 | +0.081% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.13 | +0.007% | $696K | $717K | 10x | as long as short |
| Gate ORCL_USDT | +0.0055% | 8h | 149.27 | +0.101% | $2.3M | $2.9M | 25x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.19 | +0.047% | $1.1M | $2.7M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0083% | 8h | 149.33 | +0.141% | $7.7M | $4.0M | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.30 | +0.121% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.23 | +0.074% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0156% | 8h | 149.27 | +0.101% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0185% | 8h | 149.24 | +0.081% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0247% | 8h | 149.24 | +0.081% | $24.9M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.21 | +0.057% | $389K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0323% | 8h | 149.39 | +0.181% | $261K | $268K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0332% | 8h | 149.24 | +0.081% | $4.9M | $5.5M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0495% | 8h | 149.31 | +0.128% | $3.6M | $1.4M | 50x | as long as short |
| Phoenix ORCLshort | +0.0536% | 1h | 149.16 | +0.027% | $152K | $75K | 10x |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Gate ORCL_USDT
QFEX ORCL-USD
Bitget ORCLUSDT
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT