Funding you earn now, next payment 21:00 UTC−0.0386%/8h= −42.2% APRpaid last 24h −0.059%
Price spread now: QFEX against Bitget−0.040%7-day average −0.082% · 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−$33as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 3 days (all we have)−0.086%−$9 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now −0.040%, 7d avg −0.082%
=The price spread pays, funding is against you. QFEX is 0.042% dearer against Bitget than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.082%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.086% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.086% in total (about -9.6% 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 | Bitget ORCLUSDT | 148.62 | 0.0447 | pay 0.0447% / 8h | 3h 32m | $7.4M | $4.9M | 20x |
| Short | QFEX ORCL-USD | 148.56 | 0.0061 | get 0.0008% / 1h | 32m 14s | $1.1M | $2.7M | 10x |
Bitget ORCLUSDT
QFEX ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bitget. 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
- −$80.98
- Price spread: −0.040% → −0.082%
- $4.18
- Slippage, 4 orders
- −$15.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$114.14
- Costs to cover
- 0.373%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; QFEX: live order book, 6 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 Bitget live order book, 2 min ago | 1.68 bp | 12.1 bp −$12 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.68 bp | 6.9 bp −$7 | 8.8 bp −$88 | 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 | −0.0523% | 4h | 148.63 | +0.005% | $29K | $214K | 10x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 148.61 | −0.007% | $2.2M | $3.1M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.62 | 0.000% | $2K | $202K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 148.81 | +0.128% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.63 | +0.007% | $52K | $22K | 20x | as long as short |
| Variational Omni ORCL | +0.0032% | 8h | 148.60 | −0.015% | $1.3M | $221K | — | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.68 | +0.040% | $471K | $52K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 148.61 | −0.007% | $621K | $467K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.296% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.54 | −0.054% | — | $127K | 25x | as long as short |
edgeX ORCLUSDC
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Variational Omni ORCL
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ORCLUSDT | +0.0046% | 8h | 148.74 | +0.082% | $93K | $16K | 20x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.52 | −0.067% | $21.5M | $8.7M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.51 | −0.074% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.57 | −0.034% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.39 | −0.155% | $736K | $626K | 10x | as long as short |
| QFEX ORCL-USDshort | +0.0061% | 1h | 148.56 | −0.040% | $1.1M | $2.7M | 10x | |
| Extended ORCL_24_5-USD | +0.0096% | 1h | 148.58 | −0.027% | $385K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | +0.0099% | 8h | 148.59 | −0.020% | $24.7M | $36.0M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.67 | +0.034% | $257K | $171K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.60 | −0.013% | $22K | $268K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.60 | −0.013% | $189 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0101% | 1h | 148.46 | −0.107% | $92K | $19K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0224% | 8h | 148.63 | +0.007% | $4.7M | $5.7M | 20x | as long as short |
| Arcus ORCL-USD | +0.0276% | 1h | 148.54 | −0.054% | $78K | $81K | 10x | as long as short |
| Bitget ORCLUSDTlong | +0.0447% | 8h | 148.62 | long leg | $7.4M | $4.9M | 20x | |
| BloFin ORCL-USDT | +0.0473% | 8h | 148.73 | +0.074% | $47K | $53K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0494% | 8h | 148.68 | +0.040% | $3.5M | $1.6M | 50x | as long as short |
| Phoenix ORCL | +0.0538% | 1h | 148.60 | −0.013% | $149K | $100K | 10x | as long as short |
Aster ORCLUSDT
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
OKX ORCL-USDT-SWAP
Arcus ORCL-USD
BloFin ORCL-USDT
Bybit ORCLUSDT
Phoenix ORCL