Funding you earn now, next payment 06:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.089%
Price spread now: Phoenix against Binance−0.013%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs+$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days+0.762%+$76 on $10k
+Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.013%, 7d avg −0.041%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.028% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCLUSDT | 149.34 | 0.0261 | pay 0.0261% / 8h | 1h 15m | $24.9M | $36.9M | 20x |
| Short | Phoenix ORCL | 149.32 | 0.0429 | get 0.0054% / 1h | 15m 03s | $153K | $75K | 10x |
Binance ORCLUSDT
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $35.09
- Price spread: −0.013% → −0.041%
- $2.75
- Slippage, 4 orders
- −$22.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$1.18
- Costs to cover
- 0.390%
- Break-even
- 7.2 days
Slippage from Binance: live order book, 12 min ago; Phoenix: live order book, 21 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 Binance live order book, 12 min ago | 0.34 bp | 8.4 bp −$8 | 22.8 bp −$228 | 87.0 bp −$8,699 | doesn't fit |
| Sell Phoenix live order book, 21 min ago | 2.68 bp | 10.8 bp −$11 | 22.9 bp −$229 | 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 | −0.0651% | 4h | 149.41 | +0.044% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.19 | −0.099% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.44 | +0.067% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.55 | +0.141% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.094% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.43 | +0.060% | $474K | $54K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.35 | +0.007% | $623K | $322K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.187% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.29 | −0.033% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.33 | −0.007% | — | $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 | 149.22 | −0.080% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.27 | −0.047% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.31 | −0.020% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.19 | −0.100% | $699K | $894K | 10x | as long as short |
| Nado ORCL-PERP | +0.0062% | 1h | 149.22 | −0.084% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.34 | 0.000% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.44 | +0.067% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.31 | −0.020% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0129% | 8h | 149.38 | +0.027% | $240K | $278K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0168% | 8h | 149.41 | +0.045% | $1K | $162K | 10x | as long as short |
| Variational Omni ORCL | +0.0169% | 8h | 149.38 | +0.026% | $1.2M | $423K | — | as long as short |
| Gate ORCL_USDT | +0.0215% | 8h | 149.42 | +0.054% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0245% | 8h | 149.42 | +0.054% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDTlong | +0.0261% | 8h | 149.34 | long leg | $24.9M | $36.9M | 20x | |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.30 | −0.029% | $388K | $1.4M | 10x | as long as short |
| Phoenix ORCLshort | +0.0429% | 1h | 149.32 | −0.013% | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0550% | 8h | 149.49 | +0.100% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0576% | 8h | 149.39 | +0.033% | $4.1M | $1.9M | 50x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
BloFin ORCL-USDT
Bybit ORCLUSDT