Funding you earn now, next payment 08:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.021%
Price spread now: Lighter against GRVT+0.108%78s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.543% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.486%−$49 · spread now +0.108%, 7d avg +0.013%
=Together, before fees−0.393%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.095% dearer against GRVT than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.013%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.093%, so the current rate has only just turned against you. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ORCL_USDT_Perp | 149.14 | 0.0179 | pay 0.0179% / 8h | 19m 59s | $1K | $156K | 10x |
| Short | Lighter ORCL | 149.30 | 0.0032 | get 0.0004% / 1h | 19m 59s | $477K | $59K | 10x |
GRVT ORCL_USDT_Perp
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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
- −$30.87
- Price spread: +0.108% → +0.013%
- $9.5
- Slippage, 4 orders
- −$45.29
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$75.66
- Costs to cover
- 0.543%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 13 min ago; Lighter: live order book, 10 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 GRVT live order book, 13 min ago | 1.68 bp | 10.7 bp −$11 | 32.2 bp −$322 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 3.69 bp | 13.4 bp −$13 | 16.0 bp −$160 | 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 | −0.0358% | 4h | 149.06 | −0.051% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.42 | +0.188% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.37 | +0.155% | $7.7M | $2.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.52 | +0.255% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.181% | $52K | $25K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.30 | +0.108% | $477K | $59K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.27 | +0.088% | $623K | $320K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.053% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.13 | −0.006% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.24 | +0.067% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.15 | +0.007% | $21.7M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.21 | +0.047% | $131K | $81K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.26 | +0.081% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.07 | −0.047% | $707K | $874K | 10x | as long as short |
| Nado ORCL-PERP | +0.0051% | 1h | 149.15 | +0.007% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.24 | +0.067% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.26 | +0.081% | $241K | $276K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.26 | +0.081% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.24 | +0.067% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0165% | 8h | 149.26 | +0.080% | $1.2M | $424K | — | as long as short |
| GRVT ORCL_USDT_Perplong | +0.0179% | 8h | 149.14 | long leg | $1K | $156K | 10x | |
| Gate ORCL_USDT | +0.0197% | 8h | 149.38 | +0.161% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0217% | 8h | 149.25 | +0.074% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDT | +0.0255% | 8h | 149.29 | +0.101% | $24.9M | $36.9M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.25 | +0.074% | $388K | $2.1M | 10x | as long as short |
| Phoenix ORCL | +0.0483% | 1h | 149.22 | +0.054% | $153K | $72K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0533% | 8h | 149.33 | +0.128% | $48K | $45K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0549% | 8h | 149.33 | +0.128% | $4.2M | $1.9M | 50x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Extended ORCL_24_5-USD
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT