Funding you earn now, next payment 03:00 UTC−0.0431%/8h= −47.2% APRnext payment −$0.54 per $10,000 · paid last 24h −0.139%
Price spread now: Polymarket Perps against Phoenix+0.020%59s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as 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−$340.342% of the position
Funding, last 7 days−0.813%−$81 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.020%, 7d avg −0.006%
=The price spread pays, funding is against you. Polymarket Perps is 0.026% dearer against Phoenix than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.006%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 59 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 | 149.71 | 0.0481 | pay 0.0060% / 1h | 12m 20s | $153K | $75K | 10x |
| Short | Polymarket Perps ORCL-USD | 149.74 | 0.0050 | get 0.0006% / 1h | 12m 20s | $131K | $90K | 10x |
Phoenix ORCL
Polymarket Perps ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$90.58
- Price spread: +0.020% → −0.006%
- $2.61
- Slippage, 4 orders
- −$19.19
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$122.17
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 39 min ago; Polymarket Perps: live order book, 44 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, 39 min ago | 2.67 bp | 10.8 bp −$11 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 44 min ago | 1.34 bp | 5.3 bp −$5 | 6.5 bp −$65 | 12.9 bp −$1,290 | 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 | −0.0164% | 4h | 149.81 | +0.067% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.66 | −0.031% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.03 | +0.214% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.88 | +0.114% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.83 | +0.080% | $475K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.79 | +0.053% | $625K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.434% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.73 | +0.013% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.85 | +0.094% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.67 | −0.027% | $21.7M | $6.8M | 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
tradeXYZ xyz:ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USDshort | +0.0050% | 1h | 149.74 | +0.020% | $131K | $90K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.77 | +0.040% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.53 | −0.120% | $708K | $716K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0054% | 8h | 149.89 | +0.120% | $7.7M | $3.9M | 20x | as long as short |
| Nado ORCL-PERP | +0.0059% | 1h | 149.66 | −0.031% | $91K | $20K | 10x | as long as short |
| QFEX ORCL-USD | +0.0080% | 1h | 149.76 | +0.033% | $1.1M | $2.2M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.82 | +0.073% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.77 | +0.040% | $191 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0249% | 8h | 149.84 | +0.086% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0256% | 8h | 149.83 | +0.081% | $2K | $177K | 10x | as long as short |
| Gate ORCL_USDT | +0.0272% | 8h | 149.87 | +0.107% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0325% | 8h | 149.81 | +0.067% | $25.2M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0328% | 1h | 149.77 | +0.039% | $388K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0373% | 8h | 149.87 | +0.107% | $262K | $276K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0396% | 8h | 149.82 | +0.073% | $5.0M | $5.7M | 20x | as long as short |
| Phoenix ORCLlong | +0.0481% | 1h | 149.71 | long leg | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0723% | 8h | 149.91 | +0.134% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0747% | 8h | 149.87 | +0.107% | $4.1M | $1.8M | 50x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Bitget ORCLUSDT
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
BloFin ORCL-USDT
Bybit ORCLUSDT