Funding you earn now, next payment 06:00 UTC−0.0429%/8h= −46.9% APRpaid last 24h −0.041%
Price spread now: Bitget against Phoenix+0.134%109s7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.485% of the position
Funding, last 7 days−0.728%−$73 on $10k
+Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.134%, 7d avg +0.102%
=The price spread pays, funding is against you. Bitget is 0.032% dearer against Phoenix than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.102%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 109 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 | Phoenix ORCL | 149.29 | 0.0429 | pay 0.0054% / 1h | 21m 33s | $153K | $75K | 10x |
| Short | Bitget ORCLUSDT | 149.49 | 0 | get 0.0000% / 8h | 1h 21m | $7.7M | $3.8M | 20x |
Phoenix ORCL
Bitget ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phoenix. 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
- −$90
- Price spread: +0.134% → +0.102%
- $3.25
- Slippage, 4 orders
- −$29.53
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$135.28
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 14 min ago; Bitget: live order book, 2 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 Phoenix live order book, 14 min ago | 2.68 bp | 10.8 bp −$11 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.01 bp | 11.8 bp −$12 | 32.6 bp −$326 | doesn't fit | doesn't fit |
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 | −0.0927% | 4h | 149.40 | +0.075% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.26 | −0.022% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDTshort | 0.0000% | 8h | 149.49 | +0.134% | $7.7M | $3.8M | 20x | |
| SunX ORCL-USDT | 0.0000% | 8h | 149.67 | +0.255% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.080% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.47 | +0.121% | $474K | $54K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.40 | +0.074% | $623K | $322K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.154% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.30 | +0.007% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.40 | +0.074% | — | $67K | 25x | as long as short |
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 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.28 | −0.007% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.32 | +0.020% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.37 | +0.054% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.27 | −0.013% | $698K | $894K | 10x | as long as short |
| Nado ORCL-PERP | +0.0056% | 1h | 149.25 | −0.030% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.40 | +0.074% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.32 | +0.020% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.35 | +0.040% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0135% | 8h | 149.38 | +0.060% | $240K | $278K | 20x | as long as short |
| Variational Omni ORCL | +0.0161% | 8h | 149.32 | +0.019% | $1.2M | $423K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0162% | 8h | 149.43 | +0.094% | $1K | $162K | 10x | as long as short |
| Gate ORCL_USDT | +0.0220% | 8h | 149.47 | +0.121% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0242% | 8h | 149.41 | +0.080% | $4.9M | $6.0M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.37 | +0.056% | $391K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | +0.0256% | 8h | 149.41 | +0.080% | $24.9M | $36.9M | 20x | as long as short |
| Phoenix ORCLlong | +0.0429% | 1h | 149.29 | long leg | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0558% | 8h | 149.40 | +0.074% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0572% | 8h | 149.42 | +0.087% | $4.1M | $1.9M | 50x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Binance ORCLUSDT
BloFin ORCL-USDT
Bybit ORCLUSDT