Funding you earn now, next payment 01:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h −0.090%
Price spread now: Binance against Phoenix+0.017%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 7 days−0.773%−$77 on $10k
+Price spread, last 2 days (all we have)+0.068%+$7 · spread now +0.017%, 7d avg +0.076%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.058% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.076%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.34 | 0.0535 | pay 0.0067% / 1h | 16m 44s | $153K | $75K | 10x |
| Short | Binance ORCLUSDT | 149.37 | 0.0257 | get 0.0257% / 8h | 6h 16m | $24.9M | $35.3M | 20x |
Phoenix ORCL
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. 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
- −$58.3
- Price spread: +0.017% → +0.076%
- −$5.84
- Slippage, 4 orders
- −$19.44
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$100.58
- Costs to cover
- 0.364%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 44 min ago; Binance: live order book, 10 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 Phoenix live order book, 44 min ago | 2.67 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.34 bp | 8.8 bp −$9 | 18.6 bp −$186 | 81.3 bp −$8,127 | doesn't fit |
ORCL on 27 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 | −0.0864% | 4h | 149.33 | −0.004% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.21 | −0.090% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.56 | +0.147% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.094% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.48 | +0.094% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.38 | +0.027% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.187% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.28 | −0.040% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.35 | +0.007% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.27 | −0.047% | $131K | $90K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.32 | −0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.15 | −0.127% | $711K | $679K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.29 | −0.033% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0078% | 1h | 149.21 | −0.085% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0095% | 1h | 149.25 | −0.060% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.25 | −0.060% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.33 | −0.007% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0140% | 8h | 149.41 | +0.047% | $2.3M | $2.9M | 25x | as long as short |
| Bitget ORCLUSDT | +0.0176% | 8h | 149.45 | +0.074% | $7.7M | $4.0M | 20x | as long as short |
| Variational Omni ORCL | +0.0195% | 8h | 149.40 | +0.042% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0204% | 8h | 149.39 | +0.031% | $2K | $180K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.30 | −0.026% | $387K | $1.3M | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0257% | 8h | 149.37 | +0.017% | $24.9M | $35.3M | 20x | |
| KuCoin ORCLUSDTM | +0.0316% | 8h | 149.46 | +0.080% | $261K | $264K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0339% | 8h | 149.39 | +0.033% | $4.9M | $5.6M | 20x | as long as short |
| Phoenix ORCLlong | +0.0535% | 1h | 149.34 | long leg | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0536% | 8h | 149.44 | +0.067% | $3.5M | $1.4M | 50x | as long as short |
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
Gate ORCL_USDT
Bitget ORCLUSDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT