Funding you earn now, next payment 04:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h −0.031%
Price spread now: QFEX against KuCoin−0.060%7-day average −0.028% · 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−$188as in the Price arb table
costs, in and out, $10k−$1851.852% of the position
Funding, last 4 days (all we have)−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.060%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and QFEX is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.102% in total (about -10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORCLUSDTM | 149.75 | 0.0383 | pay 0.0383% / 8h | 4h 38m | $262K | $275K | 20x |
| Short | QFEX ORCL-USD | 149.66 | 0.0080 | get 0.0010% / 1h | 38m 09s | $1.1M | $2.3M | 10x |
KuCoin ORCLUSDTM
QFEX ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$63.63
- Price spread: −0.060% → −0.028%
- −$3.24
- Slippage, 4 orders
- −$163.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$252.12
- Costs to cover
- 1.852%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 43 min ago; QFEX: live order book, 9 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 KuCoin live order book, 43 min ago | 6.68 bp | 65.0 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 9 min ago | 2.01 bp | 7.0 bp −$7 | 8.4 bp −$84 | 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 | −0.0020% | 4h | 149.72 | −0.020% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.54 | −0.142% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.93 | +0.120% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.79 | +0.027% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.70 | −0.033% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.68 | −0.047% | $624K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.461% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.60 | −0.100% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.69 | −0.040% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.61 | −0.093% | $131K | $90K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.68 | −0.047% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.52 | −0.154% | $703K | $718K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0055% | 8h | 149.78 | +0.020% | $7.7M | $3.9M | 20x | as long as short |
| Nado ORCL-PERP | +0.0059% | 1h | 149.54 | −0.142% | $91K | $20K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0059% | 1h | 149.57 | −0.120% | $21.6M | $6.8M | 10x | as long as short |
| QFEX ORCL-USDshort | +0.0080% | 1h | 149.66 | −0.060% | $1.1M | $2.3M | 10x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.67 | −0.053% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.66 | −0.060% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0181% | 8h | 149.75 | 0.000% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0240% | 8h | 149.72 | −0.022% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0260% | 8h | 149.75 | −0.001% | $2K | $177K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0312% | 1h | 149.67 | −0.054% | $388K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0315% | 8h | 149.71 | −0.028% | $25.1M | $35.7M | 20x | as long as short |
| KuCoin ORCLUSDTMlong | +0.0383% | 8h | 149.75 | long leg | $262K | $275K | 20x | |
| OKX ORCL-USDT-SWAP | +0.0401% | 8h | 149.68 | −0.047% | $5.0M | $5.7M | 20x | as long as short |
| Phoenix ORCL | +0.0481% | 1h | 149.67 | −0.053% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0742% | 8h | 149.83 | +0.053% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0747% | 8h | 149.85 | +0.067% | $47K | $43K | 20x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Bitget ORCLUSDT
Nado ORCL-PERP
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
Binance ORCLUSDT
OKX ORCL-USDT-SWAP
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT