Funding you earn now, next payment 00:00 UTC−0.0313%/8h= −34.3% APRpaid last 24h −0.037%
Price spread now: Bitget against Phoenix+0.080%89s7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as 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−$460.458% of the position
Funding, last 7 days−0.741%−$74 on $10k
+Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.080%, 7d avg +0.102%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.022% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.102%). Swap the legs. The two prices were read 89 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 | Phoenix ORCL | 149.48 | 0.0697 | pay 0.0087% / 1h | 3m 55s | $153K | $84K | 10x |
| Short | Bitget ORCLUSDT | 149.60 | 0.0384 | get 0.0384% / 8h | 7h 03m | $7.7M | $4.0M | 20x |
Phoenix ORCL
Bitget ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$65.8
- Price spread: +0.080% → +0.102%
- −$2.18
- Slippage, 4 orders
- −$26.8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$113.77
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 62 min ago; Bitget: live order book, 4 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, 62 min ago | 2.68 bp | 10.2 bp −$10 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.34 bp | 14.1 bp −$14 | 29.0 bp −$290 | 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 | −0.0262% | 4h | 149.51 | +0.023% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.59 | +0.075% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.77 | +0.194% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.62 | +0.094% | $52K | $22K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.58 | +0.067% | $474K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.52 | +0.027% | $622K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.281% | $20K | $12K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.58 | +0.067% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.45 | −0.020% | $132K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.52 | +0.027% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.34 | −0.094% | $703K | $692K | 10x | as long as short |
| Nado ORCL-PERP | +0.0065% | 1h | 149.47 | −0.005% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.49 | +0.007% | $1.2M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0084% | 1h | 149.44 | −0.027% | $21.5M | $6.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.35 | −0.087% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.50 | +0.013% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0204% | 8h | 149.54 | +0.042% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.47 | −0.008% | $386K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0251% | 8h | 149.51 | +0.020% | $25.1M | $35.2M | 20x | as long as short |
| Gate ORCL_USDT | +0.0252% | 8h | 149.57 | +0.060% | $2.3M | $2.9M | 25x | as long as short |
| KuCoin ORCLUSDTM | +0.0308% | 8h | 149.65 | +0.114% | $261K | $261K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0321% | 8h | 149.52 | +0.027% | $4.8M | $5.5M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0350% | 8h | 149.51 | +0.018% | $2K | $181K | 10x | as long as short |
| Bitget ORCLUSDTshort | +0.0384% | 8h | 149.60 | +0.080% | $7.7M | $4.0M | 20x | |
| Arcus ORCL-USD | +0.0467% | 1h | 149.45 | −0.020% | $87K | $79K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0575% | 8h | 149.58 | +0.067% | $3.5M | $1.4M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0601% | 8h | 149.59 | +0.074% | $47K | $43K | 20x | as long as short |
| Phoenix ORCLlong | +0.0697% | 1h | 149.48 | long leg | $153K | $84K | 10x |
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
GRVT ORCL_USDT_Perp
Arcus ORCL-USD
Bybit ORCLUSDT
BloFin ORCL-USDT