Funding you earn now, next payment 09:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.008%
Price spread now: Lighter RH against QFEX+0.027%7-day average −0.037% · 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−$14as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Funding, last 4 days (all we have)−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.384%−$38 · spread now +0.027%, 7d avg −0.037%
=Together, before fees−0.386%+ Points / potential airdropLighter RH: Points live · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.064% dearer against QFEX than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.037%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.4 days. At the pace of the last 4 days (−0.002% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX ORCL-USD | 148.73 | 0.0065 | pay 0.0008% / 1h | 34m 57s | $1.1M | $1.9M | 10x |
| Short | Lighter RH ORCL | 148.77 | 0.0032 | get 0.0004% / 1h | 34m 57s | $603K | $315K | 10x |
QFEX ORCL-USD
Lighter RH ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$6.92
- Price spread: +0.027% → −0.037%
- $6.36
- Slippage, 4 orders
- −$10.48
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$21.04
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 2 min ago; Lighter RH: live order book, 63 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 | 1.68 bp | 6.7 bp −$7 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 63 min ago | 2.35 bp | 3.5 bp −$4 | 9.0 bp −$90 | 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 | −0.0151% | 4h | 148.85 | +0.079% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.86 | +0.087% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 148.82 | +0.061% | $7.7M | $2.6M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.80 | +0.046% | $1K | $149K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.03 | +0.202% | $2K | $2.6M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.92 | +0.128% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.80 | +0.047% | $475K | $59K | 10x | as long as short |
| Lighter RH ORCLshort | +0.0032% | 1h | 148.77 | +0.027% | $603K | $315K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.222% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 148.68 | −0.034% | $86K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Lighter 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 | 148.73 | 0.000% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.58 | −0.101% | $130K | $80K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.78 | +0.034% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.57 | −0.108% | $708K | $850K | 10x | as long as short |
| Nado ORCL-PERP | +0.0053% | 1h | 148.64 | −0.059% | $88K | $22K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0058% | 1h | 148.65 | −0.054% | $21.7M | $6.9M | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0065% | 1h | 148.73 | long leg | $1.1M | $1.9M | 10x | |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.84 | +0.074% | $241K | $312K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.70 | −0.020% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.79 | +0.040% | $189 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0152% | 8h | 148.78 | +0.034% | $1.2M | $428K | — | as long as short |
| OKX ORCL-USDT-SWAP | +0.0206% | 8h | 148.76 | +0.020% | $4.9M | $5.9M | 20x | as long as short |
| Gate ORCL_USDT | +0.0214% | 8h | 148.87 | +0.094% | $2.3M | $2.9M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0240% | 1h | 148.74 | +0.008% | $390K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0240% | 8h | 148.77 | +0.027% | $25.1M | $36.3M | 20x | as long as short |
| BloFin ORCL-USDT | +0.0532% | 8h | 148.74 | +0.007% | $48K | $44K | 20x | as long as short |
| Phoenix ORCL | +0.0537% | 1h | 148.76 | +0.020% | $152K | $73K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0544% | 8h | 148.78 | +0.034% | $4.1M | $1.9M | 50x | as long as short |
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
tradeXYZ xyz:ORCL
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
OKX ORCL-USDT-SWAP
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL
Bybit ORCLUSDT