Funding you earn now, next payment 03:00 UTC+0.0600%/8h= +65.7% APRpaid last 24h +0.097%
Price spread now: Bybit against QFEX+0.080%7-day average +0.052% · 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−$32as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Funding, last 4 days (all we have)+0.145%+$15 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now +0.080%, 7d avg +0.052%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bybit is 0.028% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.052%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.145% in total (about 15.0% 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 | 149.66 | 0.0059 | pay 0.0007% / 1h | 3m 27s | $1.1M | $2.4M | 10x |
| Short | Bybit ORCLUSDT | 149.78 | 0.0659 | get 0.0659% / 8h | 5h 03m | $3.9M | $1.7M | 50x |
QFEX ORCL-USD
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $125.99
- Price spread: +0.080% → +0.052%
- $2.8
- Slippage, 4 orders
- −$14.17
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $93.62
- Costs to cover
- 0.352%
- Break-even
- 1.8 days
Slippage from QFEX: live order book, 4 min ago; Bybit: 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 QFEX live order book, 4 min ago | 1.67 bp | 6.7 bp −$7 | 6.7 bp −$67 | 12.5 bp −$1,252 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.67 bp | 11.5 bp −$11 | 23.7 bp −$237 | 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 | −0.0819% | 4h | 149.72 | +0.043% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.52 | −0.096% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.97 | +0.207% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.82 | +0.107% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.68 | +0.013% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.66 | 0.000% | $623K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.401% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.61 | −0.033% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.65 | −0.007% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.53 | −0.087% | $21.6M | $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 | 149.61 | −0.033% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.68 | +0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.41 | −0.167% | $703K | $727K | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0059% | 1h | 149.66 | long leg | $1.1M | $2.4M | 10x | |
| Bitget ORCLUSDT | +0.0080% | 8h | 149.78 | +0.080% | $7.7M | $4.0M | 20x | as long as short |
| Nado ORCL-PERP | +0.0096% | 1h | 149.51 | −0.102% | $92K | $18K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.77 | +0.073% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.70 | +0.027% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0140% | 8h | 149.77 | +0.073% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0219% | 8h | 149.71 | +0.031% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0254% | 8h | 149.74 | +0.055% | $2K | $178K | 10x | as long as short |
| Binance ORCLUSDT | +0.0296% | 8h | 149.70 | +0.027% | $25.1M | $35.5M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0296% | 1h | 149.65 | −0.005% | $390K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0374% | 8h | 149.78 | +0.080% | $262K | $276K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0379% | 8h | 149.71 | +0.033% | $4.9M | $5.6M | 20x | as long as short |
| Phoenix ORCL | +0.0536% | 1h | 149.61 | −0.033% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0659% | 8h | 149.78 | +0.080% | $3.9M | $1.7M | 50x | |
| BloFin ORCL-USDT | +0.0667% | 8h | 149.81 | +0.100% | $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
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT