Funding you earn now, next payment 04:00 UTC+0.0692%/8h= +75.8% APRpaid last 24h +0.105%
Price spread now: Bybit against Lighter+0.094%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.094%, 7d avg −0.018%
=Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bybit is 0.111% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.018%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.8% 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 | 149.70 | 0.0032 | pay 0.0004% / 1h | 42m 18s | $474K | $51K | 10x |
| Short | Bybit ORCLUSDT | 149.84 | 0.0724 | get 0.0724% / 8h | 4h 42m | $4.0M | $1.8M | 50x |
Lighter ORCL
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $145.39
- Price spread: +0.094% → −0.018%
- $11.12
- Slippage, 4 orders
- −$51.32
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $94.19
- Costs to cover
- 0.623%
- Break-even
- 2.5 days
Slippage from Lighter: live order book, 8 min ago; Bybit: live order book, just now.
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, 8 min ago | 5.34 bp | 19.7 bp −$20 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 0.67 bp | 11.1 bp −$11 | 24.8 bp −$248 | 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 | −0.0185% | 4h | 149.62 | −0.052% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.57 | −0.087% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.96 | +0.174% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.63 | −0.047% | $52K | $23K | 20x | as long as short |
| Lighter ORCLlong | +0.0032% | 1h | 149.70 | long leg | $474K | $51K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.71 | +0.007% | $624K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.428% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.58 | −0.080% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.73 | +0.020% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.59 | −0.073% | $21.6M | $6.8M | 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
tradeXYZ xyz:ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.65 | −0.033% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.70 | 0.000% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.43 | −0.180% | $703K | $718K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0058% | 8h | 149.80 | +0.067% | $7.7M | $3.9M | 20x | as long as short |
| Nado ORCL-PERP | +0.0063% | 1h | 149.58 | −0.081% | $91K | $20K | 10x | as long as short |
| QFEX ORCL-USD | +0.0080% | 1h | 149.70 | 0.000% | $1.1M | $2.3M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.51 | −0.127% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.68 | −0.013% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0174% | 8h | 149.77 | +0.047% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0237% | 8h | 149.61 | −0.061% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0261% | 8h | 149.65 | −0.033% | $2K | $178K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0312% | 1h | 149.70 | +0.001% | $388K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0313% | 8h | 149.74 | +0.027% | $25.1M | $35.7M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0383% | 8h | 149.73 | +0.020% | $262K | $275K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0401% | 8h | 149.71 | +0.007% | $5.0M | $5.7M | 20x | as long as short |
| Phoenix ORCL | +0.0481% | 1h | 149.57 | −0.087% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0724% | 8h | 149.84 | +0.094% | $4.0M | $1.8M | 50x | |
| BloFin ORCL-USDT | +0.0735% | 8h | 149.74 | +0.027% | $47K | $43K | 20x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Bitget ORCLUSDT
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT