Funding you earn now, next payment 23:00 UTC−0.0442%/8h= −48.4% APRpaid last 24h −0.073%
Price spread now: Lighter against Bybit+0.034%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.034%, 7d avg +0.019%
=Together, before fees−0.076%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% 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 | Bybit ORCLUSDT | 148.83 | 0.0474 | pay 0.0474% / 8h | 1h 13m | $3.5M | $1.6M | 50x |
| Short | Lighter ORCL | 148.88 | 0.0032 | get 0.0004% / 1h | 13m 14s | $471K | $53K | 10x |
Bybit ORCLUSDT
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$92.78
- Price spread: +0.034% → +0.019%
- $1.41
- Slippage, 4 orders
- −$55.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$158.31
- Costs to cover
- 0.669%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 62 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 Bybit live order book, 4 min ago | 0.67 bp | 13.5 bp −$14 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 62 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 | −0.0925% | 4h | 148.79 | −0.029% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.91 | +0.055% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 148.84 | +0.007% | $2.2M | $3.0M | 25x | as long as short |
| Variational Omni ORCL | 0.0000% | 8h | 148.77 | −0.043% | $1.3M | $316K | — | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.82 | −0.007% | $1K | $198K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.01 | +0.121% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.83 | 0.000% | $52K | $22K | 20x | as long as short |
| Binance ORCLUSDT | +0.0015% | 8h | 148.80 | −0.020% | $24.8M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0016% | 1h | 148.77 | −0.039% | $386K | $1.4M | 10x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 148.88 | +0.034% | $471K | $53K | 10x |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Binance ORCLUSDT
Extended ORCL_24_5-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ORCL | +0.0032% | 1h | 148.80 | −0.020% | $619K | $462K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.155% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.74 | −0.060% | — | $127K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.66 | −0.114% | $21.4M | $8.6M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.74 | −0.060% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.78 | −0.034% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.63 | −0.134% | $707K | $691K | 10x | as long as short |
| QFEX ORCL-USD | +0.0056% | 1h | 148.81 | −0.013% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.83 | 0.000% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.76 | −0.047% | $189 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0124% | 1h | 148.66 | −0.117% | $92K | $18K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0140% | 8h | 148.89 | +0.040% | $257K | $226K | 20x | as long as short |
| Arcus ORCL-USD | +0.0152% | 1h | 148.68 | −0.101% | $86K | $90K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0207% | 8h | 148.78 | −0.034% | $4.7M | $5.7M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0298% | 8h | 148.78 | −0.034% | $7.4M | $4.6M | 20x | as long as short |
| BloFin ORCL-USDT | +0.0469% | 8h | 148.92 | +0.060% | $47K | $51K | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0474% | 8h | 148.83 | long leg | $3.5M | $1.6M | 50x | |
| Phoenix ORCL | +0.0538% | 1h | 148.72 | −0.074% | $149K | $100K | 10x | 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
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
KuCoin ORCLUSDTM
Arcus ORCL-USD
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL