Funding you earn now, next payment 06:00 UTC+0.0429%/8h= +46.9% APRpaid last 24h +0.152%
Price spread now: Phoenix against SunX−0.180%69s7-day average −0.220% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.920%+$92 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.180%, 7d avg −0.220%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.040% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.220%. The two prices were read 69 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 | SunX ORCL-USDT | 149.64 | 0 | get 0.0000% / 8h | 1h 42m | $3K | $2.7M | 10x |
| Short | Phoenix ORCL | 149.37 | 0.0429 | get 0.0054% / 1h | 42m 04s | $153K | $75K | 10x |
SunX ORCL-USDT
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $90
- Price spread: −0.180% → −0.220%
- $4
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $79
- Costs to cover
- 0.150%
- Break-even
- 0.9 days
Slippage unknown: SunX: live order book, 5 min ago; Phoenix: live order book, 59 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 SunX live order book, 5 min ago | 29.73 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 59 min ago | 2.68 bp | 10.2 bp −$10 | 20.8 bp −$208 | 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 | −0.0291% | 4h | 149.41 | −0.152% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.36 | −0.186% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.50 | −0.094% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDTlong | 0.0000% | 8h | 149.64 | long leg | $3K | $2.7M | 10x | |
| HTX ORCL-USDT | 0.0000% | 8h | 149.57 | −0.047% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.52 | −0.080% | $475K | $51K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.388% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.35 | −0.194% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.46 | −0.120% | — | $67K | 25x | as long as short |
| Lighter RH ORCL | +0.0048% | 1h | 149.46 | −0.120% | $623K | $322K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Lighter RH ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.36 | −0.187% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.43 | −0.140% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.27 | −0.247% | $699K | $894K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.41 | −0.154% | $1.1M | $2.0M | 10x | as long as short |
| Nado ORCL-PERP | +0.0070% | 1h | 149.35 | −0.192% | $88K | $22K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0078% | 1h | 149.32 | −0.214% | $21.6M | $6.9M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.27 | −0.247% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.40 | −0.160% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0173% | 8h | 149.38 | −0.174% | $240K | $281K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0180% | 8h | 149.47 | −0.114% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0184% | 8h | 149.40 | −0.158% | $1.2M | $423K | — | as long as short |
| Gate ORCL_USDT | +0.0244% | 8h | 149.49 | −0.100% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0268% | 8h | 149.43 | −0.140% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDT | +0.0268% | 8h | 149.42 | −0.147% | $24.9M | $36.8M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0272% | 1h | 149.39 | −0.169% | $388K | $1.6M | 10x | as long as short |
| Phoenix ORCLshort | +0.0429% | 1h | 149.37 | −0.180% | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0603% | 8h | 149.48 | −0.107% | $4.1M | $1.9M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0617% | 8h | 149.42 | −0.147% | $47K | $44K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Extended ORCL_24_5-USD
Bybit ORCLUSDT
BloFin ORCL-USDT