ORCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0431%/8h= +47.2% APRnext payment +$0.54 per $10,000 · paid last 24h +0.139%

Price spread now: Phoenix against Polymarket Perps−0.067%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs+$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.813%+$81 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now −0.067%, 7d avg +0.006%

Together, before fees+0.938%+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.006%). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ORCL-USD	149.70	0.0050	pay 0.0006% / 1h	35m 27s	$131K	$90K	10x
Short	Phoenix ORCL	149.60	0.0481	get 0.0060% / 1h	35m 27s	$153K	$75K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now −0.067%Rate

Funding earned: $90.58
Price spread: −0.067% → +0.006%: −$7.28
Slippage, 4 orders: −$19.19
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $49.11
Costs to cover: 0.342%
Break-even: 3.2 days

Slippage from Polymarket Perps: live order book, 21 min ago; Phoenix: live order book, 16 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 Polymarket Perps live order book, 21 min ago	1.34 bp	7.3 bp −$7	7.9 bp −$79	12.4 bp −$1,241	doesn't fit
Sell Phoenix live order book, 16 min ago	2.67 bp	10.8 bp −$11	22.8 bp −$228	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	−0.0373%	4h	149.69	−0.008%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.59	−0.072%	$94K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	150.00	+0.200%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.79	+0.060%	$52K	$24K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.70	0.000%	$474K	$51K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.75	+0.033%	$624K	$313K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.428%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.63	−0.047%	$87K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.74	+0.027%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USDlong	+0.0050%	1h	149.70	long leg	$131K	$90K	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ORCL-USD	+0.0050%	1h	149.75	+0.033%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.61	−0.060%	$703K	$718K	10x	as long as short
Bitget ORCLUSDT	+0.0053%	8h	149.82	+0.080%	$7.7M	$3.9M	20x	as long as short
Nado ORCL-PERP	+0.0062%	1h	149.60	−0.069%	$91K	$20K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0066%	1h	149.65	−0.033%	$21.6M	$6.8M	10x	as long as short
QFEX ORCL-USD	+0.0080%	1h	149.75	+0.033%	$1.1M	$2.3M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.75	+0.033%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.72	+0.013%	$190	—	10x	as long as short
Gate ORCL_USDT	+0.0189%	8h	149.84	+0.094%	$2.3M	$2.9M	25x	as long as short
Variational Omni ORCL	+0.0243%	8h	149.78	+0.056%	$1.3M	$363K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0262%	8h	149.75	+0.035%	$2K	$177K	10x	as long as short
Extended ORCL_24_5-USD	+0.0312%	1h	149.76	+0.040%	$388K	$1.3M	10x	as long as short
Binance ORCLUSDT	+0.0317%	8h	149.81	+0.071%	$25.1M	$35.6M	20x	as long as short
KuCoin ORCLUSDTM	+0.0384%	8h	149.75	+0.033%	$262K	$275K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0401%	8h	149.80	+0.067%	$5.0M	$5.7M	20x	as long as short
Phoenix ORCLshort	+0.0481%	1h	149.60	−0.067%	$153K	$75K	10x
BloFin ORCL-USDT	+0.0718%	8h	149.87	+0.114%	$47K	$43K	20x	as long as short
Bybit ORCLUSDT	+0.0757%	8h	149.86	+0.107%	$4.1M	$1.8M	50x	as long as short