Funding you earn now, next payment 05:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.090%
Price spread now: Phoenix against Extended+0.121%88s7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs+$37as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days+0.752%+$75 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.121%, 7d avg −0.026%
=Together, before fees+0.775%+ Points / potential airdropExtended: Active · farm board+$78 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.147% dearer against Extended than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 88 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 | Extended ORCL_24_5-USD | 149.49 | 0.0304 | pay 0.0038% / 1h | 47m 51s | $388K | $1.6M | 10x |
| Short | Phoenix ORCL | 149.67 | 0.0428 | get 0.0053% / 1h | 47m 51s | $153K | $75K | 10x |
Extended ORCL_24_5-USD
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $25.99
- Price spread: +0.121% → −0.026%
- $14.67
- Slippage, 4 orders
- −$26.66
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $2
- Costs to cover
- 0.387%
- Break-even
- 6.5 days
Slippage from Extended: live order book, 6 min ago; Phoenix: live order book, 58 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 Extended live order book, 6 min ago | 1.34 bp | 7.9 bp −$8 | 67.1 bp −$671 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 58 min ago | 3.34 bp | 11.5 bp −$11 | 24.3 bp −$243 | 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 | −0.0874% | 4h | 149.70 | +0.138% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.60 | +0.071% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.64 | +0.101% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.79 | +0.201% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.63 | +0.094% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.54 | +0.034% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.55 | +0.041% | $624K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.287% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.51 | +0.014% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.57 | +0.054% | — | $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 | 149.39 | −0.066% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.50 | +0.007% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.55 | +0.041% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.54 | +0.034% | $711K | $790K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.54 | +0.034% | $1.1M | $2.1M | 10x | as long as short |
| Nado ORCL-PERP | +0.0065% | 1h | 149.43 | −0.039% | $88K | $22K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.54 | +0.034% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.54 | +0.034% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0185% | 8h | 149.64 | +0.104% | $1K | $175K | 10x | as long as short |
| Variational Omni ORCL | +0.0225% | 8h | 149.69 | +0.133% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0302% | 8h | 149.52 | +0.022% | $25.1M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USDlong | +0.0304% | 1h | 149.49 | long leg | $388K | $1.6M | 10x | |
| KuCoin ORCLUSDTM | +0.0313% | 8h | 149.64 | +0.101% | $261K | $278K | 20x | as long as short |
| Gate ORCL_USDT | +0.0323% | 8h | 149.58 | +0.061% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0341% | 8h | 149.55 | +0.041% | $5.0M | $5.9M | 20x | as long as short |
| Phoenix ORCLshort | +0.0428% | 1h | 149.67 | +0.121% | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0665% | 8h | 149.58 | +0.061% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0665% | 8h | 149.72 | +0.154% | $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
Variational Omni ORCL
Binance ORCLUSDT
KuCoin ORCLUSDTM
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT