Settings8H · net · $10k
Funding arb · Price arb /

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ORCL_USDC_mythos149.440.0100pay 0.0100% / 8h2h 44m$19010x
ShortPhoenix ORCL149.440.0428get 0.0053% / 1h44m 45s$153K$75K10x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Phoenix live order book, 61 min ago3.34 bp11.5 bp −$1124.3 bp −$243doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0424%4h149.47+0.017%$28K$215K10xas long as short
Aster ORCLUSDT0.0000%8h149.51+0.048%$94K$16K20xas long as short
Bitget ORCLUSDT0.0000%8h149.54+0.067%$7.7M$3.8M20xas long as short
SunX ORCL-USDT0.0000%8h149.69+0.167%$3K$2.7M10xas long as short
HTX ORCL-USDT0.0000%8h149.63+0.127%$52K$24K20xas long as short
Lighter ORCL+0.0032%1h149.440.000%$474K$51K10xas long as short
Lighter RH ORCL+0.0032%1h149.40−0.027%$623K$317K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−0.254%$20K$12K12xas long as short
Arcus ORCL-USD+0.0040%1h149.39−0.033%$87K$79K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.52+0.054%$67K25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:ORCL+0.0050%1h149.27−0.114%$21.6M$6.9M10xas long as short
Polymarket Perps ORCL-USD+0.0050%1h149.41−0.020%$131K$92K10xas long as short
SoDEX ORCL-USD+0.0050%1h149.45+0.007%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h149.30−0.094%$709K$788K10xas long as short
Nado ORCL-PERP+0.0056%1h149.35−0.061%$88K$22K10xas long as short
QFEX ORCL-USD+0.0058%1h149.47+0.020%$1.1M$2.1M10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.43−0.007%$22K$263K50xas long as short
Orderly PERP_ORCL_USDC_mythoslong+0.0100%8h149.44long leg$19010x
GRVT ORCL_USDT_Perp+0.0182%8h149.46+0.013%$1K$175K10xas long as short
Variational Omni ORCL+0.0224%8h149.40−0.028%$1.3M$363Kas long as short
Extended ORCL_24_5-USD+0.0296%1h149.37−0.044%$388K$1.5M10xas long as short
Binance ORCLUSDT+0.0298%8h149.41−0.018%$25.0M$35.7M20xas long as short
KuCoin ORCLUSDTM+0.0309%8h149.53+0.060%$261K$279K20xas long as short
Gate ORCL_USDT+0.0321%8h149.49+0.033%$2.3M$3.0M25xas long as short
OKX ORCL-USDT-SWAP+0.0337%8h149.440.000%$5.0M$5.9M20xas long as short
Phoenix ORCLshort+0.0428%1h149.440.000%$153K$75K10x
BloFin ORCL-USDT+0.0635%8h149.49+0.033%$47K$43K20xas long as short
Bybit ORCLUSDT+0.0661%8h149.48+0.027%$4.1M$1.8M50xas long as short