Funding you earn now, next payment 07:00 UTC+0.0383%/8h= +41.9% APRpaid last 24h +0.102%
Price spread now: Phoenix against KuCoin+0.007%63s7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$315as 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−$3843.843% of the position
Funding, last 7 days+0.688%+$69 on $10k
+Price spread, last 4 days (all we have)+0.555%+$56 · spread now +0.007%, 7d avg −0.067%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.074% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.067%. The two prices were read 63 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 | KuCoin ORCLUSDTM | 149.15 | 0.0100 | pay 0.0100% / 8h | 6m 20s | $241K | $278K | 20x |
| Short | Phoenix ORCL | 149.16 | 0.0483 | get 0.0060% / 1h | 6m 20s | $152K | $72K | 10x |
KuCoin ORCLUSDTM
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $80.35
- Price spread: +0.007% → −0.067%
- $7.41
- Slippage, 4 orders
- −$365.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$296.52
- Costs to cover
- 3.843%
- Break-even
- 32.8 days
Slippage from KuCoin: live order book, 26 min ago; Phoenix: live order book, 25 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 KuCoin live order book, 26 min ago | 15.08 bp | 155.1 bp −$155 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 25 min ago | 3.35 bp | 11.5 bp −$11 | 24.8 bp −$248 | 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 | −0.0249% | 4h | 149.25 | +0.064% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.22 | +0.050% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.18 | +0.020% | $7.7M | $2.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.34 | +0.127% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.32 | +0.114% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.10 | −0.034% | $476K | $59K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.07 | −0.054% | $622K | $320K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.060% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.08 | −0.047% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.08 | −0.047% | — | $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 | 148.97 | −0.121% | $21.7M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.01 | −0.094% | $130K | $81K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.08 | −0.047% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.94 | −0.141% | $710K | $878K | 10x | as long as short |
| Nado ORCL-PERP | +0.0054% | 1h | 148.92 | −0.157% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.03 | −0.080% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin ORCLUSDTMlong | +0.0100% | 8h | 149.15 | long leg | $241K | $278K | 20x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.25 | +0.067% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.06 | −0.060% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0174% | 8h | 149.22 | +0.044% | $1.2M | $424K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0187% | 8h | 149.30 | +0.098% | $1K | $155K | 10x | as long as short |
| Gate ORCL_USDT | +0.0203% | 8h | 149.18 | +0.020% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0216% | 8h | 149.11 | −0.027% | $4.9M | $6.0M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.05 | −0.064% | $390K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0265% | 8h | 149.08 | −0.049% | $25.1M | $36.9M | 20x | as long as short |
| Phoenix ORCLshort | +0.0483% | 1h | 149.16 | +0.007% | $152K | $72K | 10x | |
| BloFin ORCL-USDT | +0.0527% | 8h | 149.26 | +0.074% | $47K | $45K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0545% | 8h | 149.12 | −0.020% | $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
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Binance ORCLUSDT
BloFin ORCL-USDT
Bybit ORCLUSDT