Funding you earn now, next payment 07:00 UTC−0.0429%/8h= −46.9% APRpaid last 24h −0.104%
Price spread now: Lighter RH against Bybit−0.040%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.040%, 7d avg −0.066%
=Together, before fees−0.245%+ Points / potential airdropLighter RH: Points live · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.026% dearer against Bybit than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.066%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.191% in total) that is about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% 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 | 149.74 | 0.0621 | pay 0.0621% / 8h | 1h 48m | $4.1M | $1.9M | 50x |
| Short | Lighter RH ORCL | 149.68 | 0.0192 | get 0.0024% / 1h | 48m 54s | $624K | $322K | 10x |
Bybit ORCLUSDT
Lighter RH ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$89.99
- Price spread: −0.040% → −0.066%
- $2.62
- Slippage, 4 orders
- −$19.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$117.75
- Costs to cover
- 0.304%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Lighter RH: live order book, 59 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 | 1.67 bp | 13.3 bp −$13 | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 59 min ago | 1.67 bp | 2.4 bp −$2 | 7.4 bp −$74 | 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 | −0.0736% | 4h | 149.45 | −0.191% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.49 | −0.166% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.76 | +0.013% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.92 | +0.120% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.64 | −0.067% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.74 | 0.000% | $475K | $51K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.454% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.49 | −0.167% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.59 | −0.100% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.61 | −0.087% | $131K | $92K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.63 | −0.073% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.26 | −0.321% | $699K | $894K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.64 | −0.067% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.47 | −0.180% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.63 | −0.073% | $190 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0116% | 1h | 149.36 | −0.254% | $88K | $22K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0152% | 1h | 149.56 | −0.120% | $21.7M | $6.9M | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0177% | 8h | 149.58 | −0.110% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0183% | 8h | 149.55 | −0.127% | $1.2M | $423K | — | as long as short |
| KuCoin ORCLUSDTM | +0.0191% | 8h | 149.53 | −0.140% | $240K | $282K | 20x | as long as short |
| Lighter RH ORCLshort | +0.0192% | 1h | 149.68 | −0.040% | $624K | $322K | 10x | |
| Gate ORCL_USDT | +0.0247% | 8h | 149.75 | +0.007% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0278% | 8h | 149.68 | −0.040% | $25.0M | $36.7M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0280% | 1h | 149.65 | −0.060% | $388K | $1.6M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0285% | 8h | 149.69 | −0.033% | $4.9M | $6.1M | 20x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.38 | −0.240% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0608% | 8h | 149.72 | −0.013% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0621% | 8h | 149.74 | long leg | $4.1M | $1.9M | 50x |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
tradeXYZ xyz:ORCL
GRVT ORCL_USDT_Perp
Variational Omni ORCL
KuCoin ORCLUSDTM
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT