Funding you earn now, next payment 11:00 UTC+0.0471%/8h= +51.6% APRpaid last 24h +0.077%
Price spread now: Phoenix against OKX−0.153%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs+$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.721%+$72 on $10k
+Price spread, last 4 days (all we have)+0.235%+$24 · spread now −0.153%, 7d avg −0.062%
=Funding pays, the price is against you. Phoenix is 0.091% cheaper against OKX than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of −0.062%). If the spread goes back, that is −$9 on $10k: about 15 hours of funding at the current rate (+$14 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ORCL-USDT-SWAP | 150.49 | 0.0221 | pay 0.0221% / 8h | 4h 43m | $5.0M | $6.2M | 20x |
| Short | Phoenix ORCL | 150.26 | 0.0692 | get 0.0087% / 1h | 43m 25s | $154K | $85K | 10x |
OKX ORCL-USDT-SWAP
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $98.96
- Price spread: −0.153% → −0.062%
- −$9.09
- Slippage, 4 orders
- −$26.9
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $45.98
- Costs to cover
- 0.439%
- Break-even
- 3.7 days
Slippage from OKX: live order book, 2 min ago; Phoenix: live order book, 56 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 OKX live order book, 2 min ago | 1.33 bp | 11.3 bp −$11 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 56 min ago | 2.67 bp | 10.2 bp −$10 | 21.2 bp −$212 | doesn't fit | doesn't fit |
ORCL on 28 exchanges
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 | −0.0800% | 4h | 150.34 | −0.101% | $28K | $217K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 150.55 | +0.042% | $106K | $22K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.70 | +0.140% | $2K | $2.3M | 10x | as long as short |
| Nado ORCL-PERP | +0.0022% | 1h | 150.43 | −0.040% | $89K | $5K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 150.56 | +0.047% | $481K | $60K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 150.52 | +0.020% | $621K | $298K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.950% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 150.57 | +0.053% | — | — | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 150.40 | −0.060% | $22.0M | $6.6M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 150.40 | −0.060% | $77K | $152K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USDShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 150.44 | −0.033% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 150.33 | −0.106% | $697K | $888K | 10x | as long as short |
| HTX ORCL-USDT | +0.0060% | 8h | 150.43 | −0.040% | $52K | $18K | 20x | as long as short |
| QFEX ORCL-USD | +0.0070% | 1h | 150.47 | −0.013% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 150.44 | −0.033% | $243K | $507K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 150.44 | −0.033% | $23K | $261K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 150.40 | −0.060% | $191 | — | 10x | as long as short |
| OKX ORCL-USDT-SWAPlong | +0.0221% | 8h | 150.49 | long leg | $5.0M | $6.2M | 20x | |
| Gate ORCL_USDT | +0.0233% | 8h | 150.58 | +0.060% | $2.3M | $2.8M | 25x | as long as short |
| Bitget ORCLUSDT | +0.0254% | 8h | 150.55 | +0.040% | $7.8M | $2.4M | 20x | as long as short |
| Variational Omni ORCL | +0.0329% | 8h | 150.25 | −0.162% | $1.2M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0431% | 8h | 150.47 | −0.014% | $25.5M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0432% | 1h | 150.47 | −0.015% | $390K | $2.5M | 10x | as long as short |
| Arcus ORCL-USD | +0.0446% | 1h | 150.37 | −0.080% | $87K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0528% | 8h | 150.44 | −0.033% | $2K | $138K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0642% | 8h | 150.55 | +0.040% | $4.2M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0670% | 8h | 150.51 | +0.013% | $48K | $43K | 20x | as long as short |
| Phoenix ORCLshort | +0.0692% | 1h | 150.26 | −0.153% | $154K | $85K | 10x |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
HTX ORCL-USDT
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Bitget ORCLUSDT
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
Bybit ORCLUSDT
BloFin ORCL-USDT