Funding you earn now, next payment 09:00 UTC−0.0539%/8h= −59.0% APRnext payment −$0.67 per $10,000 · paid last 24h −0.133%
Price spread now: Ondo Perps against Phoenix−0.127%7-day average −0.049% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.821%−$82 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.127%, 7d avg −0.049%
=Together, before fees−0.973%+ Points / potential airdropOndo Perps: Active · farm board−$97 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Ondo Perps is 0.079% cheaper against Phoenix than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.27 | 0.0589 | pay 0.0074% / 1h | 14m 52s | $153K | $72K | 10x |
| Short | Ondo Perps ORCL-USD.P | 149.08 | 0.0050 | get 0.0006% / 1h | 14m 52s | $698K | $842K | 10x |
Phoenix ORCL
Ondo Perps ORCL-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$113.16
- Price spread: −0.127% → −0.049%
- −$7.87
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$133.03
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 30 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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, 30 min ago | 3.35 bp | 12.4 bp −$12 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 exchanges
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 | −0.0108% | 4h | 149.33 | +0.041% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.50 | +0.154% | $105K | $22K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.46 | +0.127% | $7.7M | $2.4M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.61 | +0.228% | $3K | $2.4M | 10x | as long as short |
| HTX ORCL-USDT | +0.0016% | 8h | 149.38 | +0.074% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.40 | +0.087% | $477K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.34 | +0.047% | $613K | $285K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.141% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.27 | 0.000% | — | $43K | 25x | as long as short |
| Nado ORCL-PERP | +0.0050% | 1h | 149.18 | −0.062% | $88K | $22K | 10x | 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
Vest ORCL-USD-PERP
Nado ORCL-PERPShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.27 | 0.000% | $131K | $69K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.33 | +0.040% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.Pshort | +0.0050% | 1h | 149.08 | −0.127% | $698K | $842K | 10x | |
| QFEX ORCL-USD | +0.0075% | 1h | 149.22 | −0.033% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.41 | +0.094% | $242K | $403K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.27 | 0.000% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.33 | +0.040% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0135% | 1h | 149.27 | 0.000% | $21.8M | $6.7M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0202% | 8h | 149.33 | +0.040% | $5.0M | $5.9M | 20x | as long as short |
| Variational Omni ORCL | +0.0209% | 8h | 149.35 | +0.056% | $1.2M | $400K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0304% | 1h | 149.33 | +0.043% | $387K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0305% | 8h | 149.37 | +0.067% | $25.2M | $35.2M | 20x | as long as short |
| Gate ORCL_USDT | +0.0346% | 8h | 149.47 | +0.134% | $2.3M | $2.8M | 25x | as long as short |
| Arcus ORCL-USD | +0.0415% | 1h | 149.24 | −0.020% | $86K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0429% | 8h | 149.35 | +0.054% | $1K | $140K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0558% | 8h | 149.39 | +0.080% | $48K | $45K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0578% | 8h | 149.43 | +0.107% | $4.1M | $1.8M | 50x | as long as short |
| Phoenix ORCLlong | +0.0589% | 1h | 149.27 | long leg | $153K | $72K | 10x |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
OKX ORCL-USDT-SWAP
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
BloFin ORCL-USDT
Bybit ORCLUSDT