Funding you earn now, next payment 05:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.117%
Price spread now: Variational Omni against Phoenix+0.166%7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.166%, 7d avg +0.051%
=Together, before fees−0.298%+ Points / potential airdropVariational Omni: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.115% dearer against Phoenix than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.051%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.44 | 0.0428 | pay 0.0053% / 1h | 47m 24s | $153K | $75K | 10x |
| Short | Variational Omni ORCL | 149.69 | 0.0225 | get 0.0225% / 8h | 2h 47m | $1.3M | $363K | — |
Phoenix ORCL
Variational Omni ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$42.55
- Price spread: +0.166% → +0.051%
- $11.51
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$38.04
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 59 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 59 min ago | 3.34 bp | 11.4 bp −$11 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 3.04 bp | doesn't fit | 18.5 bp −$185 | 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 | −0.0757% | 4h | 149.53 | +0.058% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.58 | +0.097% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.57 | +0.087% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.79 | +0.234% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.63 | +0.127% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.53 | +0.060% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.51 | +0.047% | $623K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.254% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.48 | +0.027% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.55 | +0.074% | — | $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 | 149.36 | −0.054% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.42 | −0.013% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.55 | +0.074% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.30 | −0.094% | $711K | $789K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.48 | +0.027% | $1.1M | $2.1M | 10x | as long as short |
| Nado ORCL-PERP | +0.0062% | 1h | 149.37 | −0.045% | $88K | $22K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.54 | +0.067% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.44 | 0.000% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0185% | 8h | 149.64 | +0.137% | $1K | $175K | 10x | as long as short |
| Variational Omni ORCLshort | +0.0225% | 8h | 149.69 | +0.166% | $1.3M | $363K | — | |
| Binance ORCLUSDT | +0.0302% | 8h | 149.47 | +0.020% | $25.1M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0304% | 1h | 149.44 | 0.000% | $388K | $1.5M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0311% | 8h | 149.60 | +0.107% | $261K | $279K | 20x | as long as short |
| Gate ORCL_USDT | +0.0322% | 8h | 149.55 | +0.074% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0339% | 8h | 149.46 | +0.013% | $5.0M | $5.9M | 20x | as long as short |
| Phoenix ORCLlong | +0.0428% | 1h | 149.44 | long leg | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0664% | 8h | 149.57 | +0.087% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0665% | 8h | 149.72 | +0.187% | $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
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT