Settings8H · net · $10k
Funding arb · Price arb /

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0294%/8h= +32.2% APRpaid last 24h +0.148%
Price spread now: Lighter RH against edgeX−0.009%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs+$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$280.277% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.193%+$119 on $10k
Price spread, last 3 days (all we have)−0.146%−$15 · spread now −0.009%, 7d avg −0.050%
Together, before fees+1.047%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$105 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter RH is 0.041% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ORCLUSDC149.51−0.0262get 0.0131% / 4h3h 03m$28K$214K10x
ShortLighter RH ORCL149.500.0032get 0.0004% / 1h3m 07s$622K$323K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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

Funding earned
$61.67
Price spread: −0.009% → −0.050%
$4.08
Slippage, 4 orders
−$18.72
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$38.02
Costs to cover
0.277%
Break-even
2.7 days
Slippage from edgeX: live order book, 4 min ago; Lighter RH: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 4 min ago5.69 bp10.7 bp −$1118.0 bp −$180doesn't fitdoesn't fit
Sell Lighter RH live order book, 4 min ago1.67 bp3.8 bp −$49.0 bp −$90doesn't fitdoesn't fit

ORCL on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDClong−0.0262%4h149.51long leg$28K$214K10x
Aster ORCLUSDT0.0000%8h149.61+0.066%$94K$16K20xas long as short
SunX ORCL-USDT0.0000%8h149.77+0.171%$2K$2.8M10xas long as short
HTX ORCL-USDT0.0000%8h149.62+0.071%$52K$22K20xas long as short
Lighter ORCL+0.0032%1h149.57+0.037%$474K$50K10xas long as short
Lighter RH ORCLshort+0.0032%1h149.50−0.009%$622K$323K10x
Injective ORCL/USDC PERP+0.0033%1h149.06−0.304%$20K$12K12xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.55+0.024%$67K25xas long as short
Polymarket Perps ORCL-USD+0.0050%1h149.43−0.056%$131K$91K10xas long as short
SoDEX ORCL-USD+0.0050%1h149.50−0.009%$30K$3K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ORCL-USD.P+0.0050%1h149.32−0.130%$703K$688K10xas long as short
Nado ORCL-PERP+0.0065%1h149.44−0.052%$92K$18K10xas long as short
QFEX ORCL-USD+0.0075%1h149.45−0.043%$1.2M$2.8M10xas long as short
tradeXYZ xyz:ORCL+0.0084%1h149.43−0.056%$21.5M$6.8M10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.43−0.056%$22K$266K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.50−0.009%$19010xas long as short
Variational Omni ORCL+0.0204%8h149.54+0.019%$1.3M$363Kas long as short
Extended ORCL_24_5-USD+0.0248%1h149.46−0.034%$386K$1.3M10xas long as short
Gate ORCL_USDT+0.0250%8h149.55+0.024%$2.3M$2.9M25xas long as short
Binance ORCLUSDT+0.0252%8h149.49−0.016%$25.1M$35.2M20xas long as short
KuCoin ORCLUSDTM+0.0308%8h149.64+0.084%$261K$261K20xas long as short
OKX ORCL-USDT-SWAP+0.0320%8h149.53+0.011%$4.8M$5.5M20xas long as short
GRVT ORCL_USDT_Perp+0.0341%8h149.55+0.021%$2K$181K10xas long as short
Bitget ORCLUSDT+0.0382%8h149.57+0.037%$7.6M$4.0M20xas long as short
Arcus ORCL-USD+0.0467%1h149.45−0.043%$87K$79K10xas long as short
Bybit ORCLUSDT+0.0564%8h149.57+0.037%$3.5M$1.4M50xas long as short
BloFin ORCL-USDT+0.0587%8h149.52+0.004%$47K$43K20xas long as short
Phoenix ORCL+0.0697%1h149.46−0.036%$153K$84K10xas long as short