Funding you earn now, next payment 03:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.050%
Price spread now: OKX against QFEX+0.067%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−$33as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Funding, last 4 days (all we have)+0.061%+$6 on $10k
+Price spread, last 7 days−0.014%−$1 · spread now +0.067%, 7d avg +0.045%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.022% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.061% in total (about 6.4% 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 | QFEX ORCL-USD | 149.22 | 0.0059 | pay 0.0007% / 1h | 50m 47s | $1.1M | $2.7M | 10x |
| Short | OKX ORCL-USDT-SWAP | 149.32 | 0.0334 | get 0.0334% / 8h | 5h 50m | $4.9M | $5.5M | 20x |
QFEX ORCL-USD
OKX ORCL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $57.75
- Price spread: +0.067% → +0.045%
- $2.2
- Slippage, 4 orders
- −$15.15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $24.79
- Costs to cover
- 0.352%
- Break-even
- 4.0 days
Slippage from QFEX: live order book, 2 min ago; OKX: live order book, 2 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 | 1.34 bp | 6.4 bp −$6 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.34 bp | 9.0 bp −$9 | 21.9 bp −$219 | doesn't fit | doesn't fit |
ORCL on 27 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 | −0.0172% | 4h | 149.24 | +0.016% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.17 | −0.035% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.50 | +0.188% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.33 | +0.074% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.31 | +0.060% | $473K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.26 | +0.027% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.107% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.19 | −0.020% | $86K | $80K | 10x | as long as short |
| Nado ORCL-PERP | +0.0044% | 1h | 149.14 | −0.054% | $92K | $18K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.27 | +0.034% | — | $67K | 25x | 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
Nado ORCL-PERP
Vest ORCL-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.17 | −0.034% | $21.5M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.19 | −0.020% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.27 | +0.034% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.13 | −0.060% | $696K | $717K | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0059% | 1h | 149.22 | long leg | $1.1M | $2.7M | 10x | |
| Gate ORCL_USDT | +0.0065% | 8h | 149.31 | +0.060% | $2.3M | $2.9M | 25x | as long as short |
| Bitget ORCLUSDT | +0.0093% | 8h | 149.35 | +0.087% | $7.7M | $4.0M | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.30 | +0.054% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.23 | +0.007% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0159% | 8h | 149.29 | +0.049% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0185% | 8h | 149.24 | +0.014% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.23 | +0.006% | $389K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0249% | 8h | 149.29 | +0.046% | $24.9M | $35.4M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0325% | 8h | 149.42 | +0.134% | $260K | $268K | 20x | as long as short |
| OKX ORCL-USDT-SWAPshort | +0.0334% | 8h | 149.32 | +0.067% | $4.9M | $5.5M | 20x | |
| Bybit ORCLUSDT | +0.0492% | 8h | 149.37 | +0.101% | $3.6M | $1.4M | 50x | as long as short |
| Phoenix ORCL | +0.0536% | 1h | 149.16 | −0.040% | $152K | $75K | 10x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Gate ORCL_USDT
Bitget ORCLUSDT
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
Bybit ORCLUSDT
Phoenix ORCL