Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0538%/8h= +58.9% APRpaid last 24h +0.141%

Price spread now: Phoenix against HTX−0.114%72s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.937%+$94 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.114% cheaper against HTX than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 17 hours of funding at the current rate (+$16 a day). The two prices were read 72 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	HTX ORCL-USDT	149.07	0	get 0.0000% / 8h	43m 39s	$52K	$22K	20x
Short	Phoenix ORCL	148.90	0.0538	get 0.0067% / 1h	43m 39s	$149K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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 HTXbpFee PhoenixbpOrdersPrice spread, now −0.114%Rate

Funding earned: $112.93
Price spread: −0.114% → 0.000%: −$11.4
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $82.52
Costs to cover: 0.190%
Break-even: 1.9 days

Slippage unknown: HTX: no order-book sample; Phoenix: live order book, 27 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 HTX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 27 min ago	2.69 bp	10.2 bp −$10	20.8 bp −$208	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0282%	4h	149.01	−0.040%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.04	−0.021%	$93K	$16K	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	149.11	+0.027%	$2.3M	$2.9M	25x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.28	+0.141%	$2K	$2.9M	10x	as long as short
HTX ORCL-USDTlong	0.0000%	8h	149.07	long leg	$52K	$22K	20x
GRVT ORCL_USDT_Perp	+0.0013%	8h	149.02	−0.035%	$2K	$198K	10x	as long as short
Variational Omni ORCL	+0.0014%	8h	149.03	−0.026%	$1.3M	$314K	—	as long as short
Lighter ORCL	+0.0032%	1h	149.09	+0.013%	$472K	$53K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.007%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.94	−0.087%	—	$127K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ORCL-USD	+0.0050%	1h	148.96	−0.074%	$131K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.07	0.000%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.82	−0.168%	$708K	$693K	10x	as long as short
QFEX ORCL-USD	+0.0071%	1h	149.03	−0.027%	$1.1M	$2.9M	10x	as long as short
Extended ORCL_24_5-USD	+0.0072%	1h	149.06	−0.005%	$386K	$1.4M	10x	as long as short
Binance ORCLUSDT	+0.0075%	8h	149.09	+0.013%	$24.9M	$35.6M	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.88	−0.127%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.03	−0.027%	$190	—	10x	as long as short
tradeXYZ xyz:ORCL	+0.0166%	1h	148.92	−0.101%	$21.4M	$8.5M	10x	as long as short
Lighter RH ORCL	+0.0176%	1h	149.04	−0.020%	$620K	$462K	10x	as long as short
Nado ORCL-PERP	+0.0177%	1h	148.85	−0.146%	$92K	$18K	10x	as long as short
KuCoin ORCLUSDTM	+0.0186%	8h	149.14	+0.047%	$258K	$235K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0264%	8h	149.11	+0.027%	$4.7M	$5.7M	20x	as long as short
Arcus ORCL-USD	+0.0289%	1h	148.96	−0.074%	$86K	$90K	10x	as long as short
Bitget ORCLUSDT	+0.0339%	8h	149.09	+0.013%	$7.4M	$4.7M	20x	as long as short
Bybit ORCLUSDT	+0.0515%	8h	149.10	+0.020%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0530%	8h	149.04	−0.020%	$2K	$51K	20x	as long as short
Phoenix ORCLshort	+0.0538%	1h	148.90	−0.114%	$149K	$84K	10x