Funding you earn now, next payment 05:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.078%
Price spread now: QFEX against Gate−0.100%7-day average −0.076% · 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−$51as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 4 days (all we have)−0.068%−$7 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now −0.100%, 7d avg −0.076%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and QFEX is 0.024% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.076%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.068% in total (about -6.8% 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 | Gate ORCL_USDT | 149.82 | 0.0323 | pay 0.0323% / 8h | 3h 06m | $2.3M | $3.0M | 25x |
| Short | QFEX ORCL-USD | 149.67 | 0.0067 | get 0.0008% / 1h | 6m 50s | $1.1M | $2.1M | 10x |
Gate ORCL_USDT
QFEX ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Gate. 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
- −$53.79
- Price spread: −0.100% → −0.076%
- −$2.4
- Slippage, 4 orders
- −$23.96
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$105.14
- Costs to cover
- 0.490%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; QFEX: live order book, 5 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 Gate live order book, 1 min ago | 2.67 bp | 21.0 bp −$21 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.67 bp | 6.7 bp −$7 | 7.5 bp −$75 | 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 | −0.0308% | 4h | 149.63 | −0.127% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.83 | +0.006% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.81 | −0.007% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.98 | +0.107% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.72 | −0.067% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.70 | −0.080% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.70 | −0.080% | $624K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.507% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.60 | −0.147% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.73 | −0.060% | — | $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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.56 | −0.174% | $21.6M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.64 | −0.120% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.69 | −0.087% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.51 | −0.207% | $703K | $790K | 10x | as long as short |
| Nado ORCL-PERP | +0.0065% | 1h | 149.57 | −0.166% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USDshort | +0.0067% | 1h | 149.67 | −0.100% | $1.1M | $2.1M | 10x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.58 | −0.160% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.65 | −0.113% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0192% | 8h | 149.67 | −0.100% | $1K | $175K | 10x | as long as short |
| Variational Omni ORCL | +0.0237% | 8h | 149.65 | −0.112% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0311% | 8h | 149.85 | +0.018% | $25.2M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0312% | 1h | 149.79 | −0.022% | $390K | $846K | 10x | as long as short |
| Gate ORCL_USDTlong | +0.0323% | 8h | 149.82 | long leg | $2.3M | $3.0M | 25x | |
| KuCoin ORCLUSDTM | +0.0333% | 8h | 149.78 | −0.027% | $262K | $277K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0355% | 8h | 149.84 | +0.013% | $5.0M | $5.9M | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.60 | −0.147% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0657% | 8h | 149.74 | −0.053% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0676% | 8h | 149.79 | −0.020% | $4.1M | $1.8M | 50x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT