Funding you earn now, next payment 11:00 UTC−0.0561%/8h= −61.4% APRpaid last 24h −0.125%
Price spread now: QFEX against Bybit−0.033%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$380.375% of the position
Funding, last 4 days (all we have)−0.194%−$19 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.033%, 7d avg −0.053%
=The price spread pays, funding is against you. QFEX is 0.020% dearer against Bybit than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.053%): +$2 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 4 days (−0.194% in total) that is about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.194% in total (about -18.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCLUSDT | 150.33 | 0.0640 | pay 0.0640% / 8h | 5h 08m | $4.2M | $1.8M | 50x |
| Short | QFEX ORCL-USD | 150.28 | 0.0079 | get 0.0010% / 1h | 8m 36s | $1.1M | $1.9M | 10x |
Bybit ORCLUSDT
QFEX ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bybit. 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
- −$117.78
- Price spread: −0.033% → −0.053%
- $2.01
- Slippage, 4 orders
- −$16.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$153.3
- Costs to cover
- 0.375%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; QFEX: live order book, 2 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 Bybit live order book, 2 min ago | 1.00 bp | 11.8 bp −$12 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 2.00 bp | 7.0 bp −$7 | 7.7 bp −$77 | 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 | −0.0405% | 4h | 150.00 | −0.220% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 150.47 | +0.092% | $106K | $22K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.42 | +0.060% | $3K | $2.3M | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 150.36 | +0.020% | $480K | $60K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.845% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 150.16 | −0.113% | — | $7K | 25x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 150.19 | −0.093% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 150.05 | −0.186% | $696K | $887K | 10x | as long as short |
| Lighter RH ORCL | +0.0056% | 1h | 150.33 | 0.000% | $625K | $294K | 10x | as long as short |
| Nado ORCL-PERP | +0.0079% | 1h | 149.99 | −0.228% | $88K | $8K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Lighter RH ORCL
Nado ORCL-PERPShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX ORCL-USDshort | +0.0079% | 1h | 150.28 | −0.033% | $1.1M | $1.9M | 10x | |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 150.17 | −0.106% | $243K | $479K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.93 | −0.266% | $22K | $262K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 150.24 | −0.060% | $191 | — | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0135% | 1h | 150.23 | −0.067% | $91K | $132K | 10x | as long as short |
| HTX ORCL-USDT | +0.0142% | 8h | 150.21 | −0.080% | $52K | $24K | 20x | as long as short |
| Bitget ORCLUSDT | +0.0150% | 8h | 150.46 | +0.086% | $7.8M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:ORCL | +0.0158% | 1h | 150.18 | −0.100% | $21.9M | $6.6M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0237% | 8h | 150.30 | −0.020% | $5.0M | $6.1M | 20x | as long as short |
| Gate ORCL_USDT | +0.0300% | 8h | 150.42 | +0.060% | $2.3M | $2.8M | 25x | as long as short |
| Variational Omni ORCL | +0.0334% | 8h | 150.09 | −0.162% | $1.2M | $370K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0432% | 1h | 150.30 | −0.019% | $388K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0436% | 8h | 150.28 | −0.033% | $25.5M | $35.4M | 20x | as long as short |
| Arcus ORCL-USD | +0.0445% | 1h | 150.19 | −0.093% | $87K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0605% | 8h | 150.09 | −0.160% | $2K | $135K | 10x | as long as short |
| Bybit ORCLUSDTlong | +0.0640% | 8h | 150.33 | long leg | $4.2M | $1.8M | 50x | |
| BloFin ORCL-USDT | +0.0651% | 8h | 150.18 | −0.100% | $48K | $43K | 20x | as long as short |
| Phoenix ORCL | +0.0749% | 1h | 149.90 | −0.286% | $153K | $72K | 10x | as long as short |
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Polymarket Perps ORCL-USD
HTX ORCL-USDT
Bitget ORCLUSDT
tradeXYZ xyz:ORCL
OKX ORCL-USDT-SWAP
Gate ORCL_USDT
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
BloFin ORCL-USDT
Phoenix ORCL