Funding you earn now, next payment 01:00 UTC−0.0444%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h −0.132%
Price spread now: tradeXYZ against Phoenix−0.054%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days−0.823%−$82 on $10k
+Price spread, last 4 days (all we have)−0.549%−$55 · spread now −0.054%, 7d avg −0.046%
=Together, before fees−1.372%+ Points / potential airdroptradeXYZ: Active · farm board−$137 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.23 | 0.0535 | pay 0.0067% / 1h | 12m 57s | $153K | $75K | 10x |
| Short | tradeXYZ xyz:ORCL | 149.15 | 0.0091 | get 0.0011% / 1h | 12m 57s | $21.5M | $6.8M | 10x |
Phoenix ORCL
tradeXYZ xyz:ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$93.16
- Price spread: −0.054% → −0.046%
- −$0.8
- Slippage, 4 orders
- −$19.57
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$138.53
- Costs to cover
- 0.446%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 48 min ago; tradeXYZ: live order book, 6 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, 48 min ago | 2.67 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.00 bp | 12.2 bp −$12 | 14.1 bp −$141 | doesn't fit | doesn't fit |
ORCL on 27 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 | −0.0440% | 4h | 149.28 | +0.033% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.18 | −0.031% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.53 | +0.201% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.121% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.36 | +0.087% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.27 | +0.027% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.114% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.24 | +0.007% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.29 | +0.040% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.20 | −0.020% | $131K | $90K | 10x | 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-PERP
Polymarket Perps ORCL-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.27 | +0.027% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.16 | −0.047% | $711K | $695K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.27 | +0.027% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0079% | 1h | 149.21 | −0.015% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCLshort | +0.0091% | 1h | 149.15 | −0.054% | $21.5M | $6.8M | 10x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.30 | +0.047% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.26 | +0.020% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0122% | 8h | 149.30 | +0.047% | $2.3M | $2.9M | 25x | as long as short |
| Bitget ORCLUSDT | +0.0164% | 8h | 149.36 | +0.087% | $7.7M | $4.0M | 20x | as long as short |
| Variational Omni ORCL | +0.0200% | 8h | 149.28 | +0.032% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0202% | 8h | 149.33 | +0.066% | $2K | $180K | 10x | as long as short |
| Binance ORCLUSDT | +0.0255% | 8h | 149.27 | +0.024% | $24.9M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.22 | −0.005% | $387K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0314% | 8h | 149.43 | +0.134% | $261K | $264K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0339% | 8h | 149.36 | +0.087% | $4.9M | $5.7M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0530% | 8h | 149.35 | +0.080% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCLlong | +0.0535% | 1h | 149.23 | long leg | $153K | $75K | 10x |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Bitget ORCLUSDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT