Funding you earn now, next payment 11:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.020%
Price spread now: Lighter against ApeX Omni+0.293%108s7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.752% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)−0.386%−$39 · spread now +0.293%, 7d avg +0.059%
=Together, before fees−0.432%+ Points / potential airdropLighter: Season 3 · farm board−$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.234% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.293% now, against its 7-day average of +0.059%): +$23 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.045% in total) that is about 36 days. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ORACLEUSDT | 149.93 | 0.0100 | pay 0.0013% / 1h | 7m 44s | $22K | $262K | 50x |
| Short | Lighter ORCL | 150.37 | 0.0032 | get 0.0004% / 1h | 7m 44s | $480K | $60K | 10x |
ApeX Omni ORACLEUSDT
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- −$14.28
- Price spread: +0.293% → +0.059%
- $23.41
- Slippage, 4 orders
- −$65.15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$66.02
- Costs to cover
- 0.752%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 37 min ago; Lighter: live order book, 30 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 ApeX Omni live order book, 37 min ago | 8.68 bp | 19.1 bp −$19 | 185.0 bp −$1,850 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 30 min ago | 8.34 bp | 26.5 bp −$27 | 30.0 bp −$300 | 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 | −0.0405% | 4h | 150.00 | +0.046% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 150.45 | +0.347% | $106K | $22K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.52 | +0.394% | $3K | $2.3M | 10x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 150.37 | +0.293% | $480K | $60K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.580% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 150.29 | +0.240% | — | $7K | 25x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 150.25 | +0.213% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 150.05 | +0.080% | $696K | $887K | 10x | as long as short |
| Lighter RH ORCL | +0.0056% | 1h | 150.29 | +0.240% | $625K | $294K | 10x | as long as short |
| QFEX ORCL-USD | +0.0079% | 1h | 150.28 | +0.233% | $1.1M | $1.9M | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Lighter RH ORCL
QFEX ORCL-USDShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ORCL-PERP | +0.0079% | 1h | 150.21 | +0.188% | $89K | $8K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 150.15 | +0.147% | $243K | $481K | 20x | as long as short |
| ApeX Omni ORACLEUSDTlong | +0.0100% | 1h | 149.93 | long leg | $22K | $262K | 50x | |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 150.29 | +0.240% | $191 | — | 10x | as long as short |
| HTX ORCL-USDT | +0.0138% | 8h | 150.21 | +0.187% | $52K | $24K | 20x | as long as short |
| Polymarket Perps ORCL-USD | +0.0138% | 1h | 150.22 | +0.193% | $85K | $143K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0154% | 8h | 150.36 | +0.287% | $7.8M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:ORCL | +0.0157% | 1h | 150.17 | +0.160% | $21.9M | $6.6M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0235% | 8h | 150.25 | +0.213% | $5.0M | $6.1M | 20x | as long as short |
| Gate ORCL_USDT | +0.0299% | 8h | 150.39 | +0.307% | $2.3M | $2.8M | 25x | as long as short |
| Variational Omni ORCL | +0.0334% | 8h | 150.09 | +0.105% | $1.2M | $370K | — | as long as short |
| Binance ORCLUSDT | +0.0436% | 8h | 150.28 | +0.236% | $25.5M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0440% | 1h | 150.22 | +0.195% | $388K | $2.1M | 10x | as long as short |
| Arcus ORCL-USD | +0.0445% | 1h | 150.15 | +0.147% | $87K | $71K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0605% | 8h | 150.09 | +0.107% | $2K | $135K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0638% | 8h | 150.32 | +0.260% | $4.2M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0651% | 8h | 150.18 | +0.167% | $48K | $43K | 20x | as long as short |
| Phoenix ORCL | +0.0749% | 1h | 149.90 | −0.020% | $153K | $72K | 10x | as long as short |
Nado ORCL-PERP
KuCoin ORCLUSDTM
Orderly PERP_ORCL_USDC_mythos
HTX ORCL-USDT
Polymarket Perps ORCL-USD
Bitget ORCLUSDT
tradeXYZ xyz:ORCL
OKX ORCL-USDT-SWAP
Gate ORCL_USDT
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
Arcus ORCL-USD
GRVT ORCL_USDT_Perp
Bybit ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL