Funding you earn now, next payment 07:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.037%
Price spread now: Bybit against Phoenix+0.054%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$510.511% of the position
Funding, last 7 days−0.666%−$67 on $10k
+Price spread, last 4 days (all we have)−0.541%−$54 · spread now +0.054%, 7d avg +0.069%
=The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.666%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.05 | 0.0483 | pay 0.0060% / 1h | 5m 17s | $152K | $72K | 10x |
| Short | Bybit ORCLUSDT | 149.13 | 0.0547 | get 0.0547% / 8h | 5m 17s | $4.1M | $1.9M | 50x |
Phoenix ORCL
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $13.49
- Price spread: +0.054% → +0.069%
- −$1.48
- Slippage, 4 orders
- −$33.11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$39.1
- Costs to cover
- 0.511%
- Break-even
- 27.3 days
Slippage from Phoenix: live order book, 26 min ago; Bybit: 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, 26 min ago | 3.35 bp | 11.5 bp −$11 | 24.7 bp −$247 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.01 bp | 13.8 bp −$14 | 22.7 bp −$227 | 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 | −0.0768% | 4h | 149.12 | +0.049% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.23 | +0.120% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.18 | +0.087% | $7.7M | $2.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.32 | +0.181% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.16 | +0.074% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.11 | +0.040% | $476K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.06 | +0.007% | $622K | $320K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.007% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.05 | 0.000% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.06 | +0.007% | — | $67K | 25x | 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
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 | 148.98 | −0.047% | $21.7M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.03 | −0.013% | $130K | $81K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.07 | +0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.93 | −0.081% | $710K | $877K | 10x | as long as short |
| Nado ORCL-PERP | +0.0055% | 1h | 148.92 | −0.090% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.07 | +0.013% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.16 | +0.074% | $241K | $280K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.00 | −0.034% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.08 | +0.020% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0173% | 8h | 149.07 | +0.013% | $1.2M | $424K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0189% | 8h | 149.11 | +0.040% | $1K | $154K | 10x | as long as short |
| Gate ORCL_USDT | +0.0202% | 8h | 149.18 | +0.087% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0218% | 8h | 149.13 | +0.054% | $4.9M | $6.0M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.06 | +0.009% | $390K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0266% | 8h | 149.10 | +0.034% | $25.1M | $36.9M | 20x | as long as short |
| Phoenix ORCLlong | +0.0483% | 1h | 149.05 | long leg | $152K | $72K | 10x | |
| BloFin ORCL-USDT | +0.0546% | 8h | 149.18 | +0.087% | $47K | $45K | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0547% | 8h | 149.13 | +0.054% | $4.1M | $1.9M | 50x |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Binance ORCLUSDT
BloFin ORCL-USDT