Funding you earn now, next payment 02:00 UTC−0.0436%/8h= −47.8% APRpaid last 24h −0.097%
Price spread now: QFEX against Bybit−0.107%7-day average −0.052% · 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−$46as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 3 days (all we have)−0.147%−$15 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.107%, 7d avg −0.052%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and QFEX is 0.055% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.147% in total (about -15.4% 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 | Bybit ORCLUSDT | 149.24 | 0.0493 | pay 0.0493% / 8h | 6h 36m | $3.5M | $1.4M | 50x |
| Short | QFEX ORCL-USD | 149.08 | 0.0057 | get 0.0007% / 1h | 36m 35s | $1.1M | $2.8M | 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
- −$91.66
- Price spread: −0.107% → −0.052%
- −$5.49
- Slippage, 4 orders
- −$19.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$138.15
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; QFEX: live order book, 6 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, 1 min ago | 1.67 bp | 14.0 bp −$14 | 21.8 bp −$218 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.68 bp | 6.7 bp −$7 | 7.9 bp −$79 | 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 | −0.0544% | 4h | 149.18 | −0.042% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.30 | +0.041% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.39 | +0.101% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.35 | +0.074% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.27 | +0.020% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.19 | −0.034% | $621K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.121% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.13 | −0.074% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.21 | −0.020% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.12 | −0.080% | $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 | 149.16 | −0.054% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.99 | −0.168% | $710K | $679K | 10x | as long as short |
| QFEX ORCL-USDshort | +0.0057% | 1h | 149.08 | −0.107% | $1.1M | $2.8M | 10x | |
| Nado ORCL-PERP | +0.0059% | 1h | 149.06 | −0.123% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0065% | 1h | 149.11 | −0.087% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.04 | −0.134% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.14 | −0.067% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0144% | 8h | 149.24 | 0.000% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0171% | 8h | 149.21 | −0.020% | $2K | $180K | 10x | as long as short |
| Variational Omni ORCL | +0.0200% | 8h | 149.22 | −0.012% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0243% | 8h | 149.12 | −0.080% | $24.9M | $35.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.08 | −0.105% | $388K | $1.3M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0249% | 8h | 149.24 | 0.000% | $7.6M | $4.0M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0307% | 8h | 149.33 | +0.060% | $260K | $261K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0322% | 8h | 149.23 | −0.007% | $4.9M | $5.6M | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0493% | 8h | 149.24 | long leg | $3.5M | $1.4M | 50x | |
| BloFin ORCL-USDT | +0.0523% | 8h | 149.45 | +0.141% | $47K | $43K | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.11 | −0.087% | $152K | $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
BloFin ORCL-USDT
Phoenix ORCL