Funding you earn now, next payment 02:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.008%
Price spread now: Lighter against QFEX+0.094%52s7-day average +0.045% · 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−$400.402% of the position
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.094%, 7d avg +0.045%
=Together, before fees−0.078%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.049% dearer against QFEX than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.045%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 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 | QFEX ORCL-USD | 149.19 | 0.0057 | pay 0.0007% / 1h | 40m 46s | $1.1M | $2.8M | 10x |
| Short | Lighter ORCL | 149.33 | 0.0032 | get 0.0004% / 1h | 40m 46s | $473K | $50K | 10x |
QFEX ORCL-USD
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$5.22
- Price spread: +0.094% → +0.045%
- $4.91
- Slippage, 4 orders
- −$30.22
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$40.53
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Lighter: live order book, 19 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, 7 min ago | 1.67 bp | 7.3 bp −$7 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 19 min ago | 5.34 bp | 19.2 bp −$19 | 30.9 bp −$309 | 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 | −0.0054% | 4h | 149.31 | +0.083% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.38 | +0.128% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.47 | +0.188% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.147% | $52K | $23K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.33 | +0.094% | $473K | $50K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.26 | +0.047% | $621K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.087% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.21 | +0.013% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.27 | +0.054% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.18 | −0.007% | $131K | $90K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
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 | 149.24 | +0.034% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.09 | −0.067% | $710K | $680K | 10x | as long as short |
| Nado ORCL-PERP | +0.0056% | 1h | 149.13 | −0.043% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0057% | 1h | 149.19 | long leg | $1.1M | $2.8M | 10x | |
| tradeXYZ xyz:ORCL | +0.0073% | 1h | 149.14 | −0.034% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.13 | −0.040% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.20 | +0.007% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0172% | 8h | 149.29 | +0.067% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0199% | 8h | 149.32 | +0.089% | $2K | $181K | 10x | as long as short |
| Variational Omni ORCL | +0.0200% | 8h | 149.22 | +0.021% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0247% | 8h | 149.23 | +0.027% | $25.0M | $35.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.18 | −0.004% | $388K | $1.3M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0287% | 8h | 149.32 | +0.087% | $7.6M | $4.0M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0302% | 8h | 149.39 | +0.134% | $259K | $261K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0322% | 8h | 149.29 | +0.067% | $4.9M | $5.6M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0512% | 8h | 149.31 | +0.080% | $3.5M | $1.4M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0523% | 8h | 149.45 | +0.174% | $47K | $43K | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.27 | +0.054% | $153K | $75K | 10x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
Bitget ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL