Funding you earn now, next payment 05:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h −0.008%
Price spread now: Lighter against QFEX+0.027%7-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−$53as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 4 days (all we have)+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.027%, 7d avg +0.045%
=Together, before fees−0.052%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX ORCL-USD | 149.50 | 0.0067 | pay 0.0008% / 1h | 40m 32s | $1.1M | $2.1M | 10x |
| Short | Lighter ORCL | 149.54 | 0.0032 | get 0.0004% / 1h | 40m 32s | $474K | $51K | 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
- −$7.32
- Price spread: +0.027% → +0.045%
- −$1.85
- Slippage, 4 orders
- −$41.05
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$60.22
- Costs to cover
- 0.510%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 2 min ago; Lighter: 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, 2 min ago | 1.67 bp | 6.7 bp −$7 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 5.01 bp | 19.7 bp −$20 | 23.6 bp −$236 | 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 | −0.0509% | 4h | 149.69 | +0.124% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.43 | −0.044% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.58 | +0.054% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.76 | +0.174% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.82 | +0.214% | $52K | $24K | 20x | as long as short |
| Nado ORCL-PERP | +0.0031% | 1h | 149.44 | −0.042% | $91K | $20K | 10x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.54 | +0.027% | $474K | $51K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.53 | +0.020% | $624K | $315K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.294% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.52 | +0.013% | $87K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.57 | +0.047% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.38 | −0.080% | $21.6M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.46 | −0.027% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.55 | +0.033% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.55 | +0.033% | $703K | $724K | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0067% | 1h | 149.50 | long leg | $1.1M | $2.1M | 10x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.57 | +0.047% | $22K | $262K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.53 | +0.020% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0214% | 8h | 149.67 | +0.113% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0242% | 8h | 149.52 | +0.016% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0297% | 8h | 149.57 | +0.047% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0320% | 1h | 149.46 | −0.029% | $390K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0321% | 8h | 149.51 | +0.007% | $25.2M | $35.4M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0358% | 8h | 149.67 | +0.114% | $262K | $279K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0386% | 8h | 149.52 | +0.013% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.57 | +0.047% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0715% | 8h | 149.56 | +0.040% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0749% | 8h | 149.67 | +0.114% | $47K | $43K | 20x | as long as short |
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT