That’s pretty good. Our oncall is actually 24-hour for one week. On paper it looks very serious but even the best of us don’t really know everything so issues tend to lag to the morning. Neither do we get any compensation for it. Someone got a bad night and still need to logon next day. There is an informal understanding to relax a bit if the night is too bad, though.
Unfortunately 24hr-for-a-week seems to be default everywhere nowdays, its just not practical for serious type businesses. It just an indicator of how important is the UPTIME for a company.