Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.035%
Price spread now: Lighter against Binance+0.046%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 2 days (all we have)−0.051%−$5 · spread now +0.046%, 7d avg +0.015%
=Together, before fees−0.030%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.030% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORCLUSDT | 148.89 | 0 | get 0.0000% / 8h | 2h 05m | $24.8M | $35.9M | 20x |
| Short | Lighter ORCL | 148.96 | 0.0032 | get 0.0004% / 1h | 5m 49s | $472K | $53K | 10x |
Binance ORCLUSDT
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $6.72
- Price spread: +0.046% → +0.015%
- $3.02
- Slippage, 4 orders
- −$50.35
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$50.61
- Costs to cover
- 0.604%
- Break-even
- 59.7 days
Slippage from Binance: live order book, 6 min ago; Lighter: live order book, 9 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 Binance live order book, 6 min ago | 1.01 bp | 9.9 bp −$10 | 16.5 bp −$165 | 91.7 bp −$9,166 | doesn't fit |
| Sell Lighter live order book, 9 min ago | 5.70 bp | 21.7 bp −$22 | 27.1 bp −$271 | 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 | −0.0520% | 4h | 148.87 | −0.016% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.92 | +0.021% | $93K | $16K | 20x | as long as short |
| Extended ORCL_24_5-USD | 0.0000% | 1h | 148.87 | −0.012% | $386K | $1.4M | 10x | as long as short |
| Binance ORCLUSDTlong | 0.0000% | 8h | 148.89 | long leg | $24.8M | $35.9M | 20x | |
| Gate ORCL_USDT | 0.0000% | 8h | 148.87 | −0.015% | $2.2M | $3.1M | 25x | as long as short |
| Variational Omni ORCL | 0.0000% | 8h | 148.88 | −0.010% | $1.3M | $221K | — | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.86 | −0.021% | $2K | $204K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.11 | +0.146% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.99 | +0.066% | $52K | $22K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 148.96 | +0.046% | $472K | $53K | 10x |
edgeX ORCLUSDC
Aster ORCLUSDT
Extended ORCL_24_5-USD
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ORCL | +0.0032% | 1h | 148.93 | +0.026% | $623K | $465K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.113% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.87 | −0.015% | — | $127K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.78 | −0.075% | $21.5M | $8.6M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.78 | −0.075% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.88 | −0.008% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.70 | −0.129% | $737K | $611K | 10x | as long as short |
| QFEX ORCL-USD | +0.0053% | 1h | 148.86 | −0.021% | $1.1M | $2.8M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.98 | +0.059% | $258K | $205K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.91 | +0.012% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.88 | −0.008% | $189 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0129% | 1h | 148.77 | −0.079% | $92K | $18K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0201% | 8h | 148.84 | −0.035% | $4.7M | $5.7M | 20x | as long as short |
| Arcus ORCL-USD | +0.0251% | 1h | 148.83 | −0.042% | $78K | $80K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0307% | 8h | 148.89 | −0.001% | $7.4M | $4.7M | 20x | as long as short |
| Phoenix ORCL | +0.0431% | 1h | 148.79 | −0.068% | $149K | $100K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0471% | 8h | 148.99 | +0.066% | $47K | $51K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0478% | 8h | 148.91 | +0.012% | $3.5M | $1.6M | 50x | as long as short |
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
OKX ORCL-USDT-SWAP
Arcus ORCL-USD
Bitget ORCLUSDT
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT