Funding you earn now, next payment 10:00 UTC+0.0647%/8h= +70.9% APRnext payment +$0.81 per $10,000 · paid last 24h +0.133%
Price spread now: Phoenix against Polymarket Perps0.000%59s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs+$39as 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−$400.402% of the position
Funding, last 7 days+0.795%+$80 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now 0.000%, 7d avg +0.002%
=The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate. 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 | Polymarket Perps ORCL-USD | 149.67 | 0.0102 | pay 0.0013% / 1h | 46m 31s | $131K | $69K | 10x |
| Short | Phoenix ORCL | 149.67 | 0.0749 | get 0.0094% / 1h | 46m 31s | $153K | $72K | 10x |
Polymarket Perps ORCL-USD
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Polymarket Perps. 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
- $135.94
- Price spread: 0.000% → +0.002%
- −$0.18
- Slippage, 4 orders
- −$25.25
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $95.52
- Costs to cover
- 0.402%
- Break-even
- 2.1 days
Slippage from Polymarket Perps: live order book, 63 min ago; Phoenix: live order book, 59 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 Polymarket Perps live order book, 63 min ago | 2.68 bp | 7.5 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 59 min ago | 3.35 bp | 12.4 bp −$12 | 26.4 bp −$264 | doesn't fit | doesn't fit |
ORCL on 28 exchanges
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 | −0.0589% | 4h | 149.65 | −0.015% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.57 | −0.069% | $105K | $22K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.01 | +0.227% | $2K | $2.4M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0018% | 8h | 149.80 | +0.087% | $7.7M | $2.4M | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.85 | +0.120% | $478K | $59K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.408% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.82 | +0.100% | — | $37K | 25x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.81 | +0.094% | $712K | $832K | 10x | as long as short |
| QFEX ORCL-USD | +0.0079% | 1h | 149.71 | +0.027% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.75 | +0.053% | $242K | $435K | 20x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
Bitget ORCLUSDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
KuCoin ORCLUSDTMShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.61 | −0.040% | $22K | $262K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.74 | +0.047% | $190 | — | 10x | as long as short |
| Polymarket Perps ORCL-USDlong | +0.0102% | 1h | 149.67 | long leg | $131K | $69K | 10x | |
| Nado ORCL-PERP | +0.0159% | 1h | 149.65 | −0.014% | $88K | $22K | 10x | as long as short |
| HTX ORCL-USDT | +0.0164% | 8h | 149.59 | −0.053% | $52K | $24K | 20x | as long as short |
| SoDEX ORCL-USD | +0.0218% | 1h | 149.76 | +0.060% | $30K | $3K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0245% | 8h | 149.79 | +0.080% | $5.0M | $6.1M | 20x | as long as short |
| Lighter RH ORCL | +0.0264% | 1h | 149.81 | +0.094% | $623K | $294K | 10x | as long as short |
| Variational Omni ORCL | +0.0274% | 8h | 149.71 | +0.025% | $1.2M | $399K | — | as long as short |
| tradeXYZ xyz:ORCL | +0.0318% | 1h | 149.62 | −0.033% | $21.9M | $6.7M | 10x | as long as short |
| Gate ORCL_USDT | +0.0373% | 8h | 149.91 | +0.160% | $2.3M | $2.8M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0384% | 1h | 149.76 | +0.059% | $390K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0389% | 8h | 149.76 | +0.060% | $25.3M | $35.3M | 20x | as long as short |
| Arcus ORCL-USD | +0.0445% | 1h | 149.68 | +0.007% | $87K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0619% | 8h | 149.93 | +0.174% | $1K | $136K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0738% | 8h | 149.80 | +0.087% | $4.2M | $1.8M | 50x | as long as short |
| Phoenix ORCLshort | +0.0749% | 1h | 149.67 | 0.000% | $153K | $72K | 10x | |
| BloFin ORCL-USDT | +0.0756% | 8h | 149.88 | +0.140% | $48K | $44K | 20x | as long as short |
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
HTX ORCL-USDT
SoDEX ORCL-USD
OKX ORCL-USDT-SWAP
Lighter RH ORCL
Variational Omni ORCL
tradeXYZ xyz:ORCL
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
Bybit ORCLUSDT
BloFin ORCL-USDT