After costs, if the gap returns to its 7d average, $10k−$113
spread now+0.020%7d average+0.062%fees + slippage, in and out−$109spread needed1.090%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 148.75 | 0.0482 | pay 0.0060% / 1h | 6m 27s | $149K | $101K | 10x |
| Short | KuCoin ORCLUSDTM | 148.78 | 0.0103 | get 0.0103% / 8h | 5h 06m | $257K | $141K | 20x |
Phoenix ORCL
KuCoin ORCLUSDTMPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $2.02
- Funding while held
- −$11.38
- Slippage, 4 orders
- −$90.04
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$118.4
- Spread needed to break even
- 1.090%
Slippage from Phoenix: live order book, 25 min ago; KuCoin: live order book, 22 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0379%
- Per $10,000 a day
- −$11.38
- Average in range /8h
- —
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, 25 min ago | 2.69 bp | 9.6 bp −$10 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 22 min ago | 9.07 bp | 49.6 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
ORCL price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps148.61cheapestNado148.64+0.020%tradeXYZ148.69+0.054%Polymarket Perps148.69+0.054%Arcus148.71+0.067%Orderly148.73+0.081%SoDEX148.73+0.081%Vest148.74+0.087%Extended148.74+0.091%
Ondo Perps
Nado
tradeXYZ
Polymarket Perps
Arcus
Orderly
SoDEX
Vest
ExtendedPhoenix148.75+0.094%
Binance148.75+0.096%QFEX148.76+0.101%Gate148.77+0.108%Lighter RH148.78+0.114%OKX148.78+0.114%
Binance
QFEX
Gate
Lighter RH
OKXKuCoin148.78+0.114%
Bitget148.78+0.114%Bybit148.80+0.128%Lighter148.82+0.141%ApeX Omni148.82+0.141%edgeX148.97+0.240%SunX148.97+0.242%Variational Omni148.97+0.243%BloFin148.98+0.249%Injective149.06+0.303%HTX149.06+0.303%Aster149.16+0.372%
Bitget
Bybit
Lighter
ApeX Omni
SunX
Variational Omni
BloFin
Injective
HTX
AsterORCL on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | −0.094% | +0.0050% | 1h | $735K | $628K | 10x | as long as short |
| Nado ORCL-PERP | −0.074% | +0.0128% | 1h | $93K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | −0.040% | +0.0050% | 1h | $21.6M | $8.6M | 10x | as long as short |
| Polymarket Perps ORCL-USD | −0.040% | +0.0050% | 1h | $130K | $119K | 10x | as long as short |
| Arcus ORCL-USD | −0.027% | +0.0349% | 1h | $78K | $81K | 10x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | −0.013% | +0.0100% | 8h | $189 | — | 10x | as long as short |
| SoDEX ORCL-USD | −0.013% | +0.0050% | 1h | $30K | $3K | 10x | as long as short |
| Vest ORCL-USD-PERP | −0.007% | +0.0046% | 1h | — | $127K | 25x | as long as short |
| Extended ORCL_24_5-USD | −0.003% | +0.0208% | 1h | $385K | $1.4M | 10x | as long as short |
| Phoenix ORCLlong | 0.000% | +0.0482% | 1h | $149K | $101K | 10x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance ORCLUSDT | +0.002% | +0.0209% | 8h | $24.7M | $34.4M | 20x | as long as short |
| QFEX ORCL-USD | +0.007% | +0.0061% | 1h | $1.1M | $2.6M | 10x | as long as short |
| Gate ORCL_USDT | +0.013% | 0.0000% | 8h | $2.2M | $3.0M | 25x | as long as short |
| Lighter RH ORCL | +0.020% | +0.0032% | 1h | $622K | $475K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.020% | +0.0264% | 8h | $4.7M | $5.5M | 20x | as long as short |
| KuCoin ORCLUSDTMshort | +0.020% | +0.0103% | 8h | $257K | $141K | 20x | |
| Bitget ORCLUSDT | +0.020% | +0.0569% | 8h | $7.5M | $4.8M | 20x | as long as short |
| Bybit ORCLUSDT | +0.034% | +0.0441% | 8h | $3.3M | $1.5M | 50x | as long as short |
| Lighter ORCL | +0.047% | +0.0032% | 1h | $472K | $51K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.047% | +0.0100% | 1h | $22K | $268K | 50x | as long as short |
| edgeX ORCLUSDC | +0.145% | −0.0824% | 4h | $29K | $213K | 10x | as long as short |
| SunX ORCL-USDT | +0.148% | 0.0000% | 8h | $2K | $2.9M | 10x | as long as short |
| Variational Omni ORCL | +0.149% | +0.0103% | 8h | $1.3M | $270K | — | as long as short |
| BloFin ORCL-USDT | +0.155% | +0.0471% | 8h | $2K | $52K | 20x | as long as short |
| Injective ORCL/USDC PERP | +0.208% | +0.0033% | 1h | $20K | $84K | 12x | as long as short |
| HTX ORCL-USDT | +0.208% | 0.0000% | 8h | $52K | $22K | 20x | as long as short |
| Aster ORCLUSDT | +0.278% | +0.0079% | 8h | $93K | $16K | 20x | as long as short |