Funding you earn now, next payment 07:00 UTC+0.0555%/8h= +60.7% APRpaid last 24h +0.096%
Price spread now: Bybit against QFEX+0.060%7-day average +0.053% · 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−$38as in the Price arb table
costs, in and out, $10k−$380.385% of the position
Funding, last 4 days (all we have)+0.143%+$14 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.060%, 7d avg +0.053%
=The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.143% in total (about 14.2% 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 | 149.41 | 0.0065 | pay 0.0008% / 1h | 53m 45s | $1.1M | $2.0M | 10x |
| Short | Bybit ORCLUSDT | 149.50 | 0.0620 | get 0.0620% / 8h | 1h 53m | $4.1M | $1.9M | 50x |
QFEX ORCL-USD
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $116.5
- Price spread: +0.060% → +0.053%
- $0.75
- Slippage, 4 orders
- −$17.46
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $78.79
- Costs to cover
- 0.385%
- Break-even
- 2.3 days
Slippage from QFEX: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago | 2.01 bp | 7.0 bp −$7 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.67 bp | 10.8 bp −$11 | 20.6 bp −$206 | 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 | −0.0883% | 4h | 149.52 | +0.072% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.38 | −0.017% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.54 | +0.087% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.81 | +0.268% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.65 | +0.161% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.52 | +0.074% | $474K | $51K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.234% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.39 | −0.013% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.44 | +0.020% | — | $67K | 25x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.43 | +0.013% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.46 | +0.033% | $699K | $895K | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0058% | 1h | 149.36 | −0.033% | $131K | $92K | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0065% | 1h | 149.41 | long leg | $1.1M | $2.0M | 10x | |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.39 | −0.013% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.44 | +0.020% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0142% | 1h | 149.34 | −0.047% | $21.6M | $6.9M | 10x | as long as short |
| Nado ORCL-PERP | +0.0169% | 1h | 149.32 | −0.061% | $88K | $22K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0170% | 8h | 149.55 | +0.093% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0183% | 8h | 149.45 | +0.026% | $1.2M | $423K | — | as long as short |
| Lighter RH ORCL | +0.0192% | 1h | 149.46 | +0.033% | $623K | $321K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0202% | 8h | 149.38 | −0.020% | $240K | $283K | 20x | as long as short |
| Gate ORCL_USDT | +0.0244% | 8h | 149.52 | +0.074% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0272% | 1h | 149.43 | +0.013% | $388K | $1.6M | 10x | as long as short |
| Binance ORCLUSDT | +0.0274% | 8h | 149.47 | +0.040% | $24.9M | $36.7M | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0288% | 8h | 149.48 | +0.047% | $4.9M | $6.0M | 20x | as long as short |
| Phoenix ORCL | +0.0428% | 1h | 149.52 | +0.074% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0607% | 8h | 149.50 | +0.060% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0620% | 8h | 149.50 | +0.060% | $4.1M | $1.9M | 50x |
Ondo Perps ORCL-USD.P
Polymarket Perps ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
Nado ORCL-PERP
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Lighter RH ORCL
KuCoin ORCLUSDTM
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT