Funding you earn now, next payment 03:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.053%
Price spread now: Binance against Lighter+0.011%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 2 days (all we have)+0.015%+$1 · spread now +0.011%, 7d avg −0.017%
=Together, before fees+0.012%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.028% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.017%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.1% 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 | Lighter ORCL | 149.32 | 0.0032 | pay 0.0004% / 1h | 58m 59s | $473K | $51K | 10x |
| Short | Binance ORCLUSDT | 149.34 | 0.0251 | get 0.0251% / 8h | 5h 58m | $24.9M | $35.4M | 20x |
Lighter ORCL
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $46.01
- Price spread: +0.011% → −0.017%
- $2.84
- Slippage, 4 orders
- −$31.07
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $7.78
- Costs to cover
- 0.411%
- Break-even
- 5.8 days
Slippage from Lighter: live order book, 61 min ago; Binance: live order book, 13 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 Lighter live order book, 61 min ago | 5.34 bp | 6.7 bp −$7 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.34 bp | 8.7 bp −$9 | 18.0 bp −$180 | 90.7 bp −$9,069 | doesn't fit |
ORCL on 27 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 | −0.0693% | 4h | 149.38 | +0.043% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.14 | −0.120% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.50 | +0.121% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.060% | $52K | $23K | 20x | as long as short |
| Lighter ORCLlong | +0.0032% | 1h | 149.32 | long leg | $473K | $51K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.27 | −0.033% | $621K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.174% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.22 | −0.067% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.25 | −0.047% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.19 | −0.087% | $131K | $90K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.26 | −0.040% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.21 | −0.074% | $697K | $717K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.22 | −0.067% | $1.1M | $2.7M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0067% | 1h | 149.21 | −0.074% | $21.5M | $6.7M | 10x | as long as short |
| Gate ORCL_USDT | +0.0088% | 8h | 149.31 | −0.007% | $2.3M | $2.9M | 25x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.17 | −0.100% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.25 | −0.047% | $190 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0105% | 1h | 149.13 | −0.130% | $92K | $18K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0120% | 8h | 149.42 | +0.067% | $7.7M | $4.0M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0162% | 8h | 149.39 | +0.047% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0191% | 8h | 149.35 | +0.023% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.28 | −0.024% | $389K | $1.3M | 10x | as long as short |
| Binance ORCLUSDTshort | +0.0251% | 8h | 149.34 | +0.011% | $24.9M | $35.4M | 20x | |
| KuCoin ORCLUSDTM | +0.0321% | 8h | 149.43 | +0.074% | $260K | $268K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0335% | 8h | 149.32 | 0.000% | $4.9M | $5.6M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0509% | 8h | 149.37 | +0.033% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.32 | 0.000% | $153K | $75K | 10x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
tradeXYZ xyz:ORCL
Gate ORCL_USDT
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
Bitget ORCLUSDT
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
Phoenix ORCL