Live ORCA Perpetual Futures Price

The Orca perpetual price on Phoenix is $1.6865, a change of -2.85% over the last 24 hours. It's the mark price of the ORCA perpetual, which can differ slightly from Orca prices quoted elsewhere.

Yes. ORCA perpetuals trade on Phoenix, a fully on-chain perpetuals exchange on Solana. Connect a Solana wallet or sign in with email, deposit USDC or SOL, and trade ORCA 24/7.

The ORCA funding rate on Phoenix is -0.0036% per hour, or -31.21% annualized. A positive rate means longs pay shorts, and a negative rate means shorts pay longs. Funding settles every hour.

ORCA open interest on Phoenix is $53,761, with $14,195 traded over the last 24 hours.

Trading ORCA perpetuals (perps) on Phoenix costs 0.035% for taker orders and 0.005% for maker orders, based on matched notional.

Yes. Phoenix accepts USDC and native SOL as collateral, and SOL counts toward margin at up to 80% of its value, so you can trade ORCA without selling your SOL. Profit and loss settle in USDC.

No. ORCA perpetuals have no expiry date. A position stays open until you close it or it is liquidated, unless the market itself is settled or delisted under its listing terms.

Phoenix uses the mark price, not the last trade, to check account health and trigger ORCA liquidations. The mark price is the median of an adjusted oracle price, the Phoenix order book price and perpetual prices on major external exchanges, which reduces the risk of liquidations caused by a brief spike on a single venue.

The ORCA trade screen on Phoenix shows the live order book, recent trades and an interactive chart. Developers can stream the same data through the Phoenix API, the Rise SDK and the Vulcan CLI.