Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.053%

Price spread now: Lighter RH against Binance+0.007%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.007%, 7d avg −0.058%

Together, before fees−0.259%+ Points / potential airdropLighter RH: Points live · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.064% dearer against Binance than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.058%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.097% in total) that is about 4.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% 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	Binance ORCLUSDT	149.88	0.0326	pay 0.0326% / 8h	4h 16m	$25.2M	$35.4M	20x
Short	Lighter RH ORCL	149.89	0.0032	get 0.0004% / 1h	16m 40s	$625K	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Lighter RHbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$61.75
Price spread: +0.007% → −0.058%: $6.43
Slippage, 4 orders: −$12.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$78.29
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Lighter RH: live order book, 41 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, 10 min ago	0.33 bp	8.0 bp −$8	16.0 bp −$160	70.7 bp −$7,067	doesn't fit
Sell Lighter RH live order book, 41 min ago	2.01 bp	4.4 bp −$4	10.0 bp −$100	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	−0.0101%	4h	149.85	−0.019%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.78	−0.070%	$94K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	150.10	+0.147%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.89	+0.007%	$52K	$24K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.91	+0.020%	$475K	$51K	10x	as long as short
Lighter RH ORCLshort	+0.0032%	1h	149.89	+0.007%	$625K	$313K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.547%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.75	−0.087%	$87K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.90	+0.013%	—	$67K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	149.73	−0.100%	$21.7M	$6.8M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ORCL-USD	+0.0050%	1h	149.79	−0.060%	$132K	$90K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.84	−0.027%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.60	−0.187%	$708K	$716K	10x	as long as short
Bitget ORCLUSDT	+0.0059%	8h	149.90	+0.013%	$7.7M	$3.9M	20x	as long as short
Nado ORCL-PERP	+0.0061%	1h	149.74	−0.093%	$91K	$20K	10x	as long as short
QFEX ORCL-USD	+0.0080%	1h	149.80	−0.053%	$1.1M	$2.2M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.74	−0.093%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.81	−0.047%	$191	—	10x	as long as short
Variational Omni ORCL	+0.0254%	8h	149.86	−0.015%	$1.3M	$363K	—	as long as short
Gate ORCL_USDT	+0.0260%	8h	149.93	+0.033%	$2.3M	$3.0M	25x	as long as short
GRVT ORCL_USDT_Perp	+0.0266%	8h	149.85	−0.018%	$2K	$177K	10x	as long as short
Binance ORCLUSDTlong	+0.0326%	8h	149.88	long leg	$25.2M	$35.4M	20x
Extended ORCL_24_5-USD	+0.0328%	1h	149.83	−0.034%	$388K	$1.3M	10x	as long as short
KuCoin ORCLUSDTM	+0.0373%	8h	149.90	+0.013%	$262K	$276K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0396%	8h	149.88	0.000%	$5.0M	$5.8M	20x	as long as short
Phoenix ORCL	+0.0481%	1h	149.77	−0.073%	$153K	$75K	10x	as long as short
Bybit ORCLUSDT	+0.0746%	8h	149.93	+0.033%	$4.1M	$1.8M	50x	as long as short
BloFin ORCL-USDT	+0.0756%	8h	149.92	+0.027%	$47K	$43K	20x	as long as short