Funding you earn now, next payment 04:00 UTC−0.0468%/8h= −51.2% APRnext payment −$0.58 per $10,000 · paid last 24h −0.136%
Price spread now: QFEX against Phoenix+0.201%52s7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.358% of the position
Funding, last 4 days (all we have)−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)−0.372%−$37 · spread now +0.201%, 7d avg +0.038%
=The price spread pays, funding is against you. QFEX is 0.163% dearer against Phoenix than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of +0.038%): +$16 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 4 days (−0.180% in total) that is about 3.3 days. The two prices were read 52 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 | Phoenix ORCL | 149.47 | 0.0535 | pay 0.0067% / 1h | 27m 50s | $153K | $75K | 10x |
| Short | QFEX ORCL-USD | 149.77 | 0.0067 | get 0.0008% / 1h | 27m 50s | $1.1M | $2.1M | 10x |
Phoenix ORCL
QFEX ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Phoenix. 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
- −$98.21
- Price spread: +0.201% → +0.038%
- $16.31
- Slippage, 4 orders
- −$18.82
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$117.72
- Costs to cover
- 0.358%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 18 min ago; QFEX: live order book, 4 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 Phoenix live order book, 18 min ago | 3.34 bp | 11.4 bp −$11 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.34 bp | 6.4 bp −$6 | 8.3 bp −$83 | 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 | −0.0702% | 4h | 149.65 | +0.117% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.84 | +0.248% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.86 | +0.261% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.05 | +0.388% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.83 | +0.241% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.79 | +0.214% | $475K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.76 | +0.194% | $625K | $315K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.274% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.59 | +0.080% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.75 | +0.187% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ORCL-PERP | +0.0048% | 1h | 149.58 | +0.076% | $91K | $20K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.63 | +0.107% | $21.7M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.75 | +0.187% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.76 | +0.194% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.60 | +0.087% | $704K | $726K | 10x | as long as short |
| QFEX ORCL-USDshort | +0.0067% | 1h | 149.77 | +0.201% | $1.1M | $2.1M | 10x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.66 | +0.127% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.81 | +0.227% | $191 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0208% | 8h | 149.73 | +0.176% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0242% | 8h | 149.72 | +0.170% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0309% | 8h | 149.83 | +0.241% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0326% | 8h | 149.77 | +0.201% | $25.2M | $35.5M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0328% | 1h | 149.74 | +0.178% | $388K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0359% | 8h | 149.71 | +0.161% | $261K | $277K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0384% | 8h | 149.84 | +0.248% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCLlong | +0.0535% | 1h | 149.47 | long leg | $153K | $75K | 10x | |
| BloFin ORCL-USDT | +0.0686% | 8h | 149.77 | +0.201% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0718% | 8h | 149.85 | +0.254% | $4.1M | $1.8M | 50x | as long as short |
Nado ORCL-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
BloFin ORCL-USDT
Bybit ORCLUSDT