Funding you earn now, next payment 05:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.124%
Price spread now: Phoenix against Orderly0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ORCL_USDC_mythos | 149.44 | 0.0100 | pay 0.0100% / 8h | 2h 44m | $190 | — | 10x |
| Short | Phoenix ORCL | 149.44 | 0.0428 | get 0.0053% / 1h | 44m 45s | $153K | $75K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- $68.83
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $55.83
- Costs to cover
- 0.130%
- Break-even
- 1.3 days
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 61 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 61 min ago | 3.34 bp | 11.5 bp −$11 | 24.3 bp −$243 | doesn't fit | doesn't fit |
Orderly: 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 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 | −0.0424% | 4h | 149.47 | +0.017% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.51 | +0.048% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.54 | +0.067% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.69 | +0.167% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.63 | +0.127% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.44 | 0.000% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.40 | −0.027% | $623K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.254% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.39 | −0.033% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.52 | +0.054% | — | $67K | 25x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.27 | −0.114% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.41 | −0.020% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.45 | +0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.30 | −0.094% | $709K | $788K | 10x | as long as short |
| Nado ORCL-PERP | +0.0056% | 1h | 149.35 | −0.061% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.47 | +0.020% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.43 | −0.007% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythoslong | +0.0100% | 8h | 149.44 | long leg | $190 | — | 10x | |
| GRVT ORCL_USDT_Perp | +0.0182% | 8h | 149.46 | +0.013% | $1K | $175K | 10x | as long as short |
| Variational Omni ORCL | +0.0224% | 8h | 149.40 | −0.028% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0296% | 1h | 149.37 | −0.044% | $388K | $1.5M | 10x | as long as short |
| Binance ORCLUSDT | +0.0298% | 8h | 149.41 | −0.018% | $25.0M | $35.7M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0309% | 8h | 149.53 | +0.060% | $261K | $279K | 20x | as long as short |
| Gate ORCL_USDT | +0.0321% | 8h | 149.49 | +0.033% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0337% | 8h | 149.44 | 0.000% | $5.0M | $5.9M | 20x | as long as short |
| Phoenix ORCLshort | +0.0428% | 1h | 149.44 | 0.000% | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0635% | 8h | 149.49 | +0.033% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0661% | 8h | 149.48 | +0.027% | $4.1M | $1.8M | 50x | as long as short |
Phoenix ORCL
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
ApeX Omni ORACLEUSDT
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
BloFin ORCL-USDT
Bybit ORCLUSDT