Funding you earn now, next payment 09:00 UTC+0.0539%/8h= +59.0% APRnext payment +$0.67 per $10,000 · paid last 24h +0.133%
Price spread now: Phoenix against Ondo Perps+0.127%7-day average +0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.821%+$82 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now +0.127%, 7d avg +0.049%
=Together, before fees+0.973%+ Points / potential airdropOndo Perps: Active · farm board+$97 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Phoenix is 0.079% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ORCL-USD.P | 149.08 | 0.0050 | pay 0.0006% / 1h | 14m 53s | $698K | $842K | 10x |
| Short | Phoenix ORCL | 149.27 | 0.0589 | get 0.0074% / 1h | 14m 53s | $153K | $72K | 10x |
Ondo Perps ORCL-USD.P
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- $113.16
- Price spread: +0.127% → +0.049%
- $7.88
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $109.04
- Costs to cover
- 0.120%
- Break-even
- 0.3 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 30 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 30 min ago | 3.35 bp | 12.4 bp −$12 | 26.4 bp −$264 | doesn't fit | doesn't fit |
Ondo Perps: 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 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 | −0.0108% | 4h | 149.33 | +0.169% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.50 | +0.282% | $105K | $22K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.46 | +0.255% | $7.7M | $2.4M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.61 | +0.356% | $3K | $2.4M | 10x | as long as short |
| HTX ORCL-USDT | +0.0016% | 8h | 149.38 | +0.201% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.40 | +0.215% | $477K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.34 | +0.174% | $613K | $285K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.013% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.27 | +0.127% | — | $43K | 25x | as long as short |
| Nado ORCL-PERP | +0.0050% | 1h | 149.18 | +0.066% | $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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.27 | +0.127% | $131K | $69K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.33 | +0.168% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.Plong | +0.0050% | 1h | 149.08 | long leg | $698K | $842K | 10x | |
| QFEX ORCL-USD | +0.0075% | 1h | 149.22 | +0.094% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.41 | +0.221% | $242K | $403K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.27 | +0.127% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.33 | +0.168% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0135% | 1h | 149.27 | +0.127% | $21.8M | $6.7M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0202% | 8h | 149.33 | +0.168% | $5.0M | $5.9M | 20x | as long as short |
| Variational Omni ORCL | +0.0209% | 8h | 149.35 | +0.183% | $1.2M | $400K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0304% | 1h | 149.33 | +0.170% | $387K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0305% | 8h | 149.37 | +0.195% | $25.2M | $35.2M | 20x | as long as short |
| Gate ORCL_USDT | +0.0346% | 8h | 149.47 | +0.262% | $2.3M | $2.8M | 25x | as long as short |
| Arcus ORCL-USD | +0.0415% | 1h | 149.24 | +0.107% | $86K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0429% | 8h | 149.35 | +0.181% | $1K | $140K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0558% | 8h | 149.39 | +0.208% | $48K | $45K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0578% | 8h | 149.43 | +0.235% | $4.1M | $1.8M | 50x | as long as short |
| Phoenix ORCLshort | +0.0589% | 1h | 149.27 | +0.127% | $153K | $72K | 10x |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
OKX ORCL-USDT-SWAP
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
BloFin ORCL-USDT
Bybit ORCLUSDT