Funding you earn now, next payment 05:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.106%
Price spread now: KuCoin against Phoenix+0.054%93s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$320as 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−$2502.504% of the position
Funding, last 7 days−0.694%−$69 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.054%, 7d avg +0.067%
=The price spread sits at its 7-day average of +0.067%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 93 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 | 149.37 | 0.0428 | pay 0.0053% / 1h | 9m 58s | $153K | $75K | 10x |
| Short | KuCoin ORCLUSDTM | 149.45 | 0.0229 | get 0.0229% / 8h | 2h 09m | $240K | $285K | 20x |
Phoenix ORCL
KuCoin ORCLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$41.74
- Price spread: +0.054% → +0.067%
- −$1.37
- Slippage, 4 orders
- −$231.35
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$293.46
- Costs to cover
- 2.504%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 31 min ago; KuCoin: live order book, 47 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, 31 min ago | 2.68 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 47 min ago | 10.67 bp | 76.8 bp −$77 | doesn't fit | 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 | −0.0737% | 4h | 149.43 | +0.043% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.42 | +0.035% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.68 | +0.208% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.76 | +0.261% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.60 | +0.154% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.59 | +0.147% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.57 | +0.134% | $623K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.208% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.32 | −0.033% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.46 | +0.060% | — | $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 | 149.46 | +0.060% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.44 | +0.047% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.57 | +0.134% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.37 | 0.000% | $694K | $886K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.50 | +0.087% | $1.1M | $2.1M | 10x | as long as short |
| Nado ORCL-PERP | +0.0061% | 1h | 149.34 | −0.022% | $88K | $22K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.41 | +0.027% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.57 | +0.134% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0154% | 8h | 149.23 | −0.094% | $1K | $164K | 10x | as long as short |
| Variational Omni ORCL | +0.0191% | 8h | 149.50 | +0.090% | $1.2M | $423K | — | as long as short |
| KuCoin ORCLUSDTMshort | +0.0229% | 8h | 149.45 | +0.054% | $240K | $285K | 20x | |
| Gate ORCL_USDT | +0.0249% | 8h | 149.65 | +0.187% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0279% | 8h | 149.61 | +0.163% | $25.0M | $35.8M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0280% | 1h | 149.57 | +0.134% | $388K | $1.6M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0303% | 8h | 149.65 | +0.187% | $4.9M | $6.0M | 20x | as long as short |
| Phoenix ORCLlong | +0.0428% | 1h | 149.37 | long leg | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0629% | 8h | 149.69 | +0.214% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0651% | 8h | 149.56 | +0.127% | $47K | $43K | 20x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT