Funding you earn now, next payment 23:00 UTC+0.0467%/8h= +51.1% APRnext payment +$0.58 per $10,000 · paid last 24h +0.125%
Price spread now: Phoenix against QFEX−0.054%112s7-day average −0.040% · 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—prices read too far apart to compare
costs, in and out, $10k−$340.345% of the position
Funding, last 3 days (all we have)+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)+0.193%+$19 · spread now −0.054%, 7d avg −0.040%
=The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.150% in total (about 16.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. 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 | 149.08 | 0.0071 | pay 0.0009% / 1h | 35m 38s | $1.1M | $2.9M | 10x |
| Short | Phoenix ORCL | 149.00 | 0.0538 | get 0.0067% / 1h | 35m 38s | $149K | $84K | 10x |
QFEX ORCL-USD
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $98.06
- Price spread: −0.054% → −0.040%
- −$1.36
- Slippage, 4 orders
- −$17.46
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $62.24
- Costs to cover
- 0.345%
- Break-even
- 2.6 days
Slippage from QFEX: live order book, 2 min ago; Phoenix: live order book, 35 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 | 2.01 bp | 7.0 bp −$7 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 35 min ago | 2.69 bp | 10.2 bp −$10 | 20.8 bp −$208 | 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 | −0.0703% | 4h | 149.09 | +0.004% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.18 | +0.068% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 149.16 | +0.054% | $2.3M | $2.9M | 25x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.36 | +0.188% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.12 | +0.027% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.16 | +0.054% | $472K | $53K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.013% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.05 | −0.020% | — | $127K | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0046% | 8h | 149.09 | +0.007% | $2K | $196K | 10x | as long as short |
| Variational Omni ORCL | +0.0050% | 8h | 149.12 | +0.025% | $1.3M | $314K | — | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
GRVT ORCL_USDT_Perp
Variational Omni ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.11 | +0.020% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.87 | −0.141% | $708K | $693K | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0056% | 1h | 149.00 | −0.054% | $131K | $122K | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0071% | 1h | 149.08 | long leg | $1.1M | $2.9M | 10x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.13 | +0.034% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.12 | +0.027% | $190 | — | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0104% | 1h | 149.11 | +0.023% | $386K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | +0.0108% | 8h | 149.14 | +0.040% | $24.9M | $35.6M | 20x | as long as short |
| Nado ORCL-PERP | +0.0183% | 1h | 148.88 | −0.137% | $92K | $18K | 10x | as long as short |
| Lighter RH ORCL | +0.0192% | 1h | 149.11 | +0.020% | $620K | $462K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0193% | 1h | 149.00 | −0.054% | $21.4M | $8.5M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0213% | 8h | 149.16 | +0.054% | $259K | $236K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0284% | 8h | 149.10 | +0.013% | $4.7M | $5.7M | 20x | as long as short |
| Arcus ORCL-USD | +0.0289% | 1h | 149.02 | −0.040% | $86K | $84K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0357% | 8h | 149.14 | +0.040% | $7.4M | $4.7M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0528% | 8h | 149.15 | +0.047% | $3.5M | $1.6M | 50x | as long as short |
| Phoenix ORCLshort | +0.0538% | 1h | 149.00 | −0.054% | $149K | $84K | 10x | |
| BloFin ORCL-USDT | +0.0543% | 8h | 149.17 | +0.060% | $47K | $51K | 20x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Polymarket Perps ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Extended ORCL_24_5-USD
Binance ORCLUSDT
Nado ORCL-PERP
Lighter RH ORCL
tradeXYZ xyz:ORCL
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Arcus ORCL-USD
Bitget ORCLUSDT
Bybit ORCLUSDT
BloFin ORCL-USDT