Funding you earn now, next payment 10:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.008%
Price spread now: Lighter RH against QFEX+0.020%7-day average −0.036% · 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−$64as in the Price arb table
costs, in and out, $10k−$690.692% of the position
Funding, last 4 days (all we have)−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.020%, 7d avg −0.036%
=Together, before fees−0.208%+ Points / potential airdropLighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.056% dearer against QFEX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.036%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 4 days (−0.002% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX ORCL-USD | 149.61 | 0.0075 | pay 0.0009% / 1h | 5m 28s | $1.1M | $2.0M | 10x |
| Short | Lighter RH ORCL | 149.64 | 0.0064 | get 0.0008% / 1h | 5m 28s | $614K | $285K | 10x |
QFEX ORCL-USD
Lighter RH ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$2.34
- Price spread: +0.020% → −0.036%
- $5.63
- Slippage, 4 orders
- −$59.22
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$65.92
- Costs to cover
- 0.692%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Lighter RH: live order book, 45 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 | 15.06 bp | 30.2 bp −$30 | 32.0 bp −$320 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 45 min ago | 2.68 bp | 3.3 bp −$3 | 9.8 bp −$98 | doesn't fit | doesn't fit |
ORCL on 28 exchanges
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 | −0.0555% | 4h | 149.52 | −0.059% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.50 | −0.074% | $105K | $22K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.74 | +0.087% | $7.7M | $2.4M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.79 | +0.120% | $3K | $2.4M | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.69 | +0.053% | $478K | $59K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.368% | $20K | $9K | 12x | as long as short |
| HTX ORCL-USDT | +0.0039% | 8h | 149.77 | +0.107% | $52K | $24K | 20x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.59 | −0.013% | — | $43K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.59 | −0.013% | $131K | $69K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.57 | −0.027% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
HTX ORCL-USDT
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USDShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.33 | −0.187% | $699K | $834K | 10x | as long as short |
| Lighter RH ORCLshort | +0.0064% | 1h | 149.64 | +0.020% | $614K | $285K | 10x | |
| Nado ORCL-PERP | +0.0069% | 1h | 149.45 | −0.109% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USDlong | +0.0075% | 1h | 149.61 | long leg | $1.1M | $2.0M | 10x | |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.54 | −0.047% | $242K | $415K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.40 | −0.140% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.56 | −0.033% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0154% | 1h | 149.56 | −0.033% | $21.9M | $6.7M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0211% | 8h | 149.64 | +0.020% | $5.0M | $6.0M | 20x | as long as short |
| Variational Omni ORCL | +0.0224% | 8h | 149.60 | −0.003% | $1.2M | $400K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0320% | 1h | 149.60 | −0.006% | $390K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0326% | 8h | 149.66 | +0.035% | $25.3M | $35.1M | 20x | as long as short |
| Gate ORCL_USDT | +0.0371% | 8h | 149.77 | +0.107% | $2.3M | $2.9M | 25x | as long as short |
| Arcus ORCL-USD | +0.0415% | 1h | 149.55 | −0.040% | $87K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0472% | 8h | 149.64 | +0.020% | $1K | $139K | 10x | as long as short |
| Phoenix ORCL | +0.0589% | 1h | 149.38 | −0.154% | $153K | $72K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0619% | 8h | 149.72 | +0.074% | $4.2M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0633% | 8h | 149.61 | 0.000% | $48K | $45K | 20x | as long as short |
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
OKX ORCL-USDT-SWAP
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT