Spread before costs (cost unknown: a leg has no order-book sample)+0.169%
7d average—if it closes, per $10,000$17funding while held, a day−$12.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 148.26 | 0.0482 | pay 0.0060% / 1h | 17m 52s | $149K | $101K | 10x |
| Short | SoDEX ORCL-USD | 148.51 | 0.0050 | get 0.0006% / 1h | 17m 52s | $30K | $3K | 10x |
Phoenix ORCL
SoDEX ORCL-USDPrice 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
- $16.86
- Funding while held
- −$12.97
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$11.11
- Spread needed to break even
- 0.150%
Slippage unknown: Phoenix: live order book, 13 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0432%
- Per $10,000 a day
- −$12.97
- 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, 13 min ago | 2.69 bp | 9.6 bp −$10 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Phoenix148.26cheapest
Nado148.42+0.106%Variational Omni148.43+0.115%Polymarket Perps148.46+0.135%KuCoin148.48+0.148%ApeX Omni148.48+0.148%Vest148.48+0.148%edgeX148.48+0.149%Arcus148.49+0.155%Orderly148.50+0.162%BloFin148.50+0.162%
Nado
Variational Omni
Polymarket Perps
KuCoin
ApeX Omni
Vest
Arcus
Orderly
BloFinSoDEX148.51+0.169%
Ondo Perps148.52+0.175%tradeXYZ148.53+0.182%QFEX148.53+0.182%Lighter RH148.57+0.209%Extended148.59+0.222%Lighter148.61+0.236%Gate148.61+0.236%Bybit148.62+0.243%OKX148.62+0.243%HTX148.63+0.250%Binance148.65+0.263%Bitget148.66+0.270%SunX148.79+0.357%Aster148.93+0.450%Injective149.06+0.540%
Ondo Perps
tradeXYZ
QFEX
Lighter RH
Extended
Lighter
Gate
Bybit
OKX
HTX
Binance
Bitget
SunX
Aster
InjectiveORCL on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix ORCLlong | 0.000% | +0.0482% | 1h | $149K | $101K | 10x | |
| Nado ORCL-PERP | +0.106% | +0.0132% | 1h | $93K | $18K | 10x | as long as short |
| Variational Omni ORCL | +0.115% | +0.0108% | 8h | $1.3M | $270K | — | as long as short |
| Polymarket Perps ORCL-USD | +0.135% | +0.0050% | 1h | $130K | $119K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.148% | +0.0100% | 8h | $257K | $137K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.148% | +0.0100% | 1h | $22K | $267K | 50x | as long as short |
| Vest ORCL-USD-PERP | +0.148% | +0.0046% | 1h | — | $127K | 25x | as long as short |
| edgeX ORCLUSDC | +0.149% | −0.0027% | 4h | $29K | $213K | 10x | as long as short |
| Arcus ORCL-USD | +0.155% | +0.0349% | 1h | $78K | $81K | 10x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.162% | +0.0100% | 8h | $189 | — | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin ORCL-USDT | +0.162% | +0.0456% | 8h | $48K | $52K | 20x | as long as short |
| SoDEX ORCL-USDshort | +0.169% | +0.0050% | 1h | $30K | $3K | 10x | |
| Ondo Perps ORCL-USD.P | +0.175% | +0.0050% | 1h | $738K | $627K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.182% | +0.0056% | 1h | $21.6M | $8.6M | 10x | as long as short |
| QFEX ORCL-USD | +0.182% | +0.0061% | 1h | $1.1M | $2.6M | 10x | as long as short |
| Lighter RH ORCL | +0.209% | +0.0032% | 1h | $621K | $475K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.222% | +0.0224% | 1h | $385K | $1.4M | 10x | as long as short |
| Lighter ORCL | +0.236% | +0.0032% | 1h | $471K | $51K | 10x | as long as short |
| Gate ORCL_USDT | +0.236% | 0.0000% | 8h | $2.2M | $3.0M | 25x | as long as short |
| Bybit ORCLUSDT | +0.243% | +0.0458% | 8h | $3.3M | $1.5M | 50x | as long as short |
| OKX ORCL-USDT-SWAP | +0.243% | +0.0266% | 8h | $4.7M | $5.5M | 20x | as long as short |
| HTX ORCL-USDT | +0.250% | 0.0000% | 8h | $52K | $22K | 20x | as long as short |
| Binance ORCLUSDT | +0.263% | +0.0220% | 8h | $24.7M | $34.1M | 20x | as long as short |
| Bitget ORCLUSDT | +0.270% | +0.0581% | 8h | $7.5M | $4.8M | 20x | as long as short |
| SunX ORCL-USDT | +0.357% | 0.0000% | 8h | $3K | $2.9M | 10x | as long as short |
| Aster ORCLUSDT | +0.450% | +0.0076% | 8h | $93K | $16K | 20x | as long as short |
| Injective ORCL/USDC PERP | +0.540% | +0.0033% | 1h | $20K | $84K | 12x | as long as short |