Funding you earn now, next payment 06:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.115%
Price spread now: Variational Omni against Phoenix+0.019%7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.162%−$16 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.019%, 7d avg +0.051%
=Together, before fees−0.148%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.051%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.29 | 0.0429 | pay 0.0054% / 1h | 22m 46s | $153K | $75K | 10x |
| Short | Variational Omni ORCL | 149.32 | 0.0161 | get 0.0161% / 8h | 1h 22m | $1.2M | $423K | — |
Phoenix ORCL
Variational Omni ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$56.25
- Price spread: +0.019% → +0.051%
- −$3.21
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$66.47
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 13 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 13 min ago | 2.68 bp | 10.8 bp −$11 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 3.05 bp | doesn't fit | 24.6 bp −$246 | 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 | −0.0302% | 4h | 149.36 | +0.045% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.25 | −0.024% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.51 | +0.147% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.67 | +0.255% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.080% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.44 | +0.100% | $474K | $54K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.36 | +0.047% | $622K | $322K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.154% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.27 | −0.013% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.38 | +0.060% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.25 | −0.027% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.31 | +0.013% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.38 | +0.060% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.16 | −0.087% | $698K | $894K | 10x | as long as short |
| Nado ORCL-PERP | +0.0052% | 1h | 149.22 | −0.046% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.33 | +0.027% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.24 | −0.033% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.33 | +0.027% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0137% | 8h | 149.38 | +0.060% | $240K | $279K | 20x | as long as short |
| Variational Omni ORCLshort | +0.0161% | 8h | 149.32 | +0.019% | $1.2M | $423K | — | |
| GRVT ORCL_USDT_Perp | +0.0161% | 8h | 149.36 | +0.048% | $1K | $162K | 10x | as long as short |
| Gate ORCL_USDT | +0.0219% | 8h | 149.48 | +0.127% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0240% | 8h | 149.47 | +0.121% | $4.9M | $6.1M | 20x | as long as short |
| Binance ORCLUSDT | +0.0253% | 8h | 149.46 | +0.117% | $24.9M | $36.9M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.42 | +0.090% | $391K | $1.4M | 10x | as long as short |
| Phoenix ORCLlong | +0.0429% | 1h | 149.29 | long leg | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0558% | 8h | 149.40 | +0.074% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0571% | 8h | 149.48 | +0.127% | $4.1M | $1.9M | 50x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Extended ORCL_24_5-USD
BloFin ORCL-USDT
Bybit ORCLUSDT