Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0483%/8h= −52.8% APRpaid last 24h −0.151%

Price spread now: HTX against Phoenix+0.107%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.917%−$92 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.107% dearer against Phoenix than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ORCL	149.16	0.0483	pay 0.0060% / 1h	7m 11s	$152K	$72K	10x
Short	HTX ORCL-USDT	149.32	0	get 0.0000% / 8h	7m 11s	$52K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phoenix. 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 PhoenixbpFee HTXbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$101.35
Price spread: +0.107% → 0.000%: $10.73
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$109.62
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 24 min ago; HTX: no order-book sample. 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 Phoenix live order book, 24 min ago	3.35 bp	11.5 bp −$11	24.7 bp −$247	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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	−0.0249%	4h	149.25	+0.057%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.23	+0.049%	$98K	$20K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	149.18	+0.013%	$7.7M	$2.7M	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.34	+0.121%	$2K	$2.7M	10x	as long as short
HTX ORCL-USDTshort	0.0000%	8h	149.32	+0.107%	$52K	$25K	20x
Lighter ORCL	+0.0032%	1h	149.12	−0.027%	$476K	$59K	10x	as long as short
Lighter RH ORCL	+0.0032%	1h	149.07	−0.060%	$622K	$320K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.067%	$20K	$9K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.12	−0.027%	$86K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.22	+0.040%	—	$67K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ORCL	+0.0050%	1h	148.94	−0.147%	$21.7M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.07	−0.060%	$131K	$81K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.09	−0.047%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.94	−0.147%	$711K	$878K	10x	as long as short
Nado ORCL-PERP	+0.0053%	1h	148.99	−0.114%	$88K	$22K	10x	as long as short
QFEX ORCL-USD	+0.0057%	1h	149.12	−0.027%	$1.1M	$2.0M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	149.16	0.000%	$241K	$278K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.25	+0.060%	$22K	$264K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.07	−0.060%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0174%	8h	149.22	+0.038%	$1.2M	$424K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0187%	8h	149.30	+0.092%	$1K	$155K	10x	as long as short
Gate ORCL_USDT	+0.0203%	8h	149.20	+0.027%	$2.3M	$3.0M	25x	as long as short
OKX ORCL-USDT-SWAP	+0.0216%	8h	149.11	−0.034%	$4.9M	$6.0M	20x	as long as short
Extended ORCL_24_5-USD	+0.0264%	1h	149.04	−0.077%	$390K	$2.1M	10x	as long as short
Binance ORCLUSDT	+0.0264%	8h	149.08	−0.054%	$25.1M	$36.9M	20x	as long as short
Phoenix ORCLlong	+0.0483%	1h	149.16	long leg	$152K	$72K	10x
BloFin ORCL-USDT	+0.0527%	8h	149.26	+0.067%	$47K	$45K	20x	as long as short
Bybit ORCLUSDT	+0.0547%	8h	149.13	−0.020%	$4.1M	$1.9M	50x	as long as short