Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.090%
Price spread now: Extended against Phoenix+0.067%48s7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as 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−$360.356% of the position
Funding, last 7 days−0.752%−$75 on $10k
+Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.067%, 7d avg +0.026%
=Together, before fees−0.963%+ Points / potential airdropExtended: Active · farm board−$96 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.041% dearer against Phoenix than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.026%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.752% in total) that is about 9 hours. The two prices were read 48 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 | 148.84 | 0.0428 | pay 0.0053% / 1h | 24m 32s | $152K | $75K | 10x |
| Short | Extended ORCL_24_5-USD | 148.94 | 0.0272 | get 0.0034% / 1h | 24m 32s | $388K | $1.6M | 10x |
Phoenix ORCL
Extended ORCL_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$32.71
- Price spread: +0.067% → +0.026%
- $4.08
- Slippage, 4 orders
- −$23.63
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$64.26
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 17 min ago; Extended: live order book, 4 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, 17 min ago | 2.68 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 1.01 bp | 7.6 bp −$8 | 52.0 bp −$520 | 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 | −0.0588% | 4h | 148.82 | −0.011% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.03 | +0.128% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.06 | +0.148% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.13 | +0.195% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.23 | +0.262% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.01 | +0.114% | $472K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 148.96 | +0.081% | $621K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.148% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 148.85 | +0.007% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.01 | +0.114% | — | $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 | 148.86 | +0.013% | $21.5M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.90 | +0.040% | $130K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.91 | +0.047% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.88 | +0.027% | $687K | $878K | 10x | as long as short |
| Nado ORCL-PERP | +0.0056% | 1h | 148.86 | +0.014% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.00 | +0.107% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.85 | +0.007% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.90 | +0.040% | $189 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0158% | 8h | 149.03 | +0.128% | $1K | $175K | 10x | as long as short |
| Variational Omni ORCL | +0.0187% | 8h | 148.89 | +0.034% | $1.2M | $416K | — | as long as short |
| Gate ORCL_USDT | +0.0257% | 8h | 149.04 | +0.134% | $2.3M | $3.0M | 25x | as long as short |
| KuCoin ORCLUSDTM | +0.0259% | 8h | 149.03 | +0.128% | $240K | $287K | 20x | as long as short |
| Binance ORCLUSDT | +0.0268% | 8h | 149.01 | +0.111% | $25.0M | $35.8M | 20x | as long as short |
| Extended ORCL_24_5-USDshort | +0.0272% | 1h | 148.94 | +0.067% | $388K | $1.6M | 10x | |
| OKX ORCL-USDT-SWAP | +0.0303% | 8h | 149.03 | +0.128% | $4.9M | $6.0M | 20x | as long as short |
| Phoenix ORCLlong | +0.0428% | 1h | 148.84 | long leg | $152K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0623% | 8h | 149.04 | +0.134% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0653% | 8h | 149.03 | +0.128% | $47K | $43K | 20x | 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
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
KuCoin ORCLUSDTM
Binance ORCLUSDT
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT