Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%

Price spread now: Lighter RH against HTX−0.053%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Lighter RH is 0.053% cheaper against HTX than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ORCL-USDT	149.89	0	get 0.0000% / 8h	4h 18m	$52K	$24K	20x
Short	Lighter RH ORCL	149.81	0.0032	get 0.0004% / 1h	18m 12s	$625K	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now −0.053%Rate

Funding earned: $6.72
Price spread: −0.053% → 0.000%: −$5.34
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$10.62
Costs to cover: 0.120%
Break-even: 18.1 days

Slippage unknown: HTX: no order-book sample; Lighter RH: live order book, 39 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 39 min ago	2.01 bp	4.4 bp −$4	10.0 bp −$100	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0885%	4h	149.83	−0.037%	$28K	$213K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.73	−0.108%	$94K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	150.09	+0.133%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDTlong	0.0000%	8h	149.89	long leg	$52K	$24K	20x
Lighter ORCL	+0.0032%	1h	149.87	−0.013%	$475K	$51K	10x	as long as short
Lighter RH ORCLshort	+0.0032%	1h	149.81	−0.053%	$625K	$313K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.554%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.75	−0.093%	$87K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.86	−0.020%	—	$67K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	149.67	−0.147%	$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	149.74	−0.100%	$131K	$90K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.81	−0.053%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.67	−0.147%	$708K	$716K	10x	as long as short
Bitget ORCLUSDT	+0.0061%	8h	149.88	−0.007%	$7.7M	$3.9M	20x	as long as short
Nado ORCL-PERP	+0.0063%	1h	149.73	−0.107%	$91K	$20K	10x	as long as short
QFEX ORCL-USD	+0.0080%	1h	149.76	−0.087%	$1.1M	$2.2M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.80	−0.060%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.79	−0.067%	$191	—	10x	as long as short
Gate ORCL_USDT	+0.0251%	8h	149.88	−0.007%	$2.3M	$3.0M	25x	as long as short
Variational Omni ORCL	+0.0254%	8h	149.86	−0.022%	$1.3M	$363K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0273%	8h	149.85	−0.027%	$2K	$177K	10x	as long as short
Binance ORCLUSDT	+0.0328%	8h	149.81	−0.052%	$25.2M	$35.5M	20x	as long as short
Extended ORCL_24_5-USD	+0.0328%	1h	149.77	−0.078%	$388K	$1.3M	10x	as long as short
KuCoin ORCLUSDTM	+0.0376%	8h	149.93	+0.027%	$262K	$277K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0397%	8h	149.81	−0.053%	$5.0M	$5.7M	20x	as long as short
Phoenix ORCL	+0.0481%	1h	149.74	−0.100%	$153K	$75K	10x	as long as short
Bybit ORCLUSDT	+0.0748%	8h	149.88	−0.007%	$4.1M	$1.8M	50x	as long as short
BloFin ORCL-USDT	+0.0781%	8h	149.92	+0.020%	$47K	$43K	20x	as long as short