Funding you earn now, next payment 07:00 UTC+0.0202%/8h= +22.2% APRpaid last 24h +0.045%
Price spread now: Binance against QFEX−0.077%53s7-day average +0.047% · 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−$780.776% of the position
Funding, last 4 days (all we have)+0.060%+$6 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.077%, 7d avg +0.047%
=Funding pays, the price is against you. Binance is 0.123% cheaper against QFEX than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.047%). If the spread goes back, that is −$12 on $10k: about 2.0 days of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.060% in total) that is about 7.6 days. The two prices were read 53 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 4 days it paid 0.060% in total (about 5.9% 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 | 149.24 | 0.0057 | pay 0.0007% / 1h | 56m 45s | $1.1M | $2.0M | 10x |
| Short | Binance ORCLUSDT | 149.13 | 0.0259 | get 0.0259% / 8h | 56m 45s | $24.9M | $36.5M | 20x |
QFEX ORCL-USD
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $42.48
- Price spread: −0.077% → +0.047%
- −$12.33
- Slippage, 4 orders
- −$57.6
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$47.44
- Costs to cover
- 0.776%
- Break-even
- 14.8 days
Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago | 11.05 bp | 30.7 bp −$31 | 31.7 bp −$317 | 39.4 bp −$3,944 | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.34 bp | 7.3 bp −$7 | 18.3 bp −$183 | 81.6 bp −$8,163 | 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 | −0.0507% | 4h | 149.29 | +0.032% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.03 | −0.141% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.26 | +0.013% | $7.7M | $2.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.161% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.34 | +0.067% | $52K | $25K | 20x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.12 | −0.080% | $622K | $316K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.121% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.14 | −0.067% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.27 | +0.020% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.98 | −0.174% | $21.6M | $6.9M | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.18 | −0.040% | $131K | $92K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.21 | −0.020% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.04 | −0.134% | $698K | $856K | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0057% | 1h | 149.24 | long leg | $1.1M | $2.0M | 10x | |
| Nado ORCL-PERP | +0.0076% | 1h | 149.11 | −0.084% | $88K | $22K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.29 | +0.034% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.19 | −0.034% | $190 | — | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0111% | 8h | 149.18 | −0.040% | $240K | $274K | 20x | as long as short |
| Variational Omni ORCL | +0.0163% | 8h | 149.24 | +0.003% | $1.2M | $421K | — | as long as short |
| Lighter ORCL | +0.0168% | 1h | 149.17 | −0.047% | $475K | $58K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0176% | 8h | 149.30 | +0.040% | $1K | $161K | 10x | as long as short |
| Gate ORCL_USDT | +0.0210% | 8h | 149.29 | +0.034% | $2.3M | $2.9M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0249% | 8h | 149.16 | −0.054% | $4.9M | $6.0M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.12 | −0.082% | $388K | $1.4M | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0259% | 8h | 149.13 | −0.077% | $24.9M | $36.5M | 20x | |
| Phoenix ORCL | +0.0429% | 1h | 149.22 | −0.013% | $153K | $72K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0574% | 8h | 149.15 | −0.060% | $4.2M | $1.9M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0584% | 8h | 149.41 | +0.114% | $47K | $44K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
KuCoin ORCLUSDTM
Variational Omni ORCL
Lighter ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT