Funding you earn now, next payment 04:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h +0.045%
Price spread now: Binance against QFEX+0.020%7-day average +0.047% · 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−$31as in the Price arb table
costs, in and out, $10k−$290.285% of the position
Funding, last 4 days (all we have)+0.063%+$6 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now +0.020%, 7d avg +0.047%
=Funding pays, the price is against you. Binance is 0.026% cheaper against QFEX than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.047%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.063% in total) that is about 36 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.063% in total (about 6.4% 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 | QFEX ORCL-USD | 149.81 | 0.0080 | pay 0.0010% / 1h | 23m 34s | $1.1M | $2.3M | 10x |
| Short | Binance ORCLUSDT | 149.84 | 0.0328 | get 0.0328% / 8h | 4h 23m | $25.2M | $35.5M | 20x |
QFEX ORCL-USD
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- $52.11
- Price spread: +0.020% → +0.047%
- −$2.63
- Slippage, 4 orders
- −$8.51
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $20.96
- Costs to cover
- 0.285%
- Break-even
- 4.2 days
Slippage from QFEX: live order book, 4 min ago; Binance: live order book, 3 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 QFEX live order book, 4 min ago | 1.34 bp | 6.4 bp −$6 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.33 bp | 7.7 bp −$8 | 15.5 bp −$155 | 81.3 bp −$8,125 | 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 | 149.76 | −0.036% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.74 | −0.044% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.05 | +0.160% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.86 | +0.033% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.87 | +0.040% | $475K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.84 | +0.020% | $625K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.501% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.70 | −0.073% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.86 | +0.033% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.71 | −0.067% | $21.7M | $6.8M | 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
tradeXYZ xyz:ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.77 | −0.027% | $132K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.80 | −0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.56 | −0.167% | $707K | $719K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0058% | 8h | 149.92 | +0.073% | $7.7M | $3.9M | 20x | as long as short |
| Nado ORCL-PERP | +0.0067% | 1h | 149.75 | −0.043% | $91K | $20K | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0080% | 1h | 149.81 | long leg | $1.1M | $2.3M | 10x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.81 | 0.000% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.80 | −0.007% | $191 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0233% | 8h | 149.89 | +0.053% | $2.3M | $3.0M | 25x | as long as short |
| Variational Omni ORCL | +0.0254% | 8h | 149.72 | −0.059% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0281% | 8h | 149.76 | −0.033% | $2K | $177K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0328% | 1h | 149.81 | −0.003% | $388K | $1.3M | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0328% | 8h | 149.84 | +0.020% | $25.2M | $35.5M | 20x | |
| KuCoin ORCLUSDTM | +0.0384% | 8h | 149.86 | +0.033% | $262K | $276K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0401% | 8h | 149.85 | +0.027% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCL | +0.0481% | 1h | 149.70 | −0.073% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0765% | 8h | 149.90 | +0.060% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0774% | 8h | 149.83 | +0.013% | $47K | $43K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Bitget ORCLUSDT
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT