ORCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.057%

Price spread now: Extended against Lighter−0.017%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.017%, 7d avg −0.060%

Together, before fees−0.033%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$3 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 Extended is 0.043% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.060%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. 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	149.30	0.0032	pay 0.0004% / 1h	14m 17s	$477K	$59K	10x
Short	Extended ORCL_24_5-USD	149.27	0.0256	get 0.0032% / 1h	14m 17s	$387K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now −0.017%Rate

Funding earned: $47.04
Price spread: −0.017% → −0.060%: $4.34
Slippage, 4 orders: −$45.58
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $0.79
Costs to cover: 0.506%
Break-even: 6.9 days

Slippage from Lighter: live order book, 16 min ago; Extended: live order book, 4 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, 16 min ago	3.69 bp	21.3 bp −$21	25.6 bp −$256	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.34 bp	7.9 bp −$8	45.7 bp −$457	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	−0.0966%	4h	149.28	−0.013%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.45	+0.098%	$98K	$20K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	149.37	+0.047%	$7.7M	$2.7M	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.52	+0.147%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.46	+0.107%	$52K	$25K	20x	as long as short
Lighter ORCLlong	+0.0032%	1h	149.30	long leg	$477K	$59K	10x
Lighter RH ORCL	+0.0032%	1h	149.28	−0.013%	$623K	$320K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.161%	$20K	$9K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.19	−0.074%	$86K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.22	−0.054%	—	$67K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ORCL	+0.0050%	1h	149.16	−0.094%	$21.7M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.23	−0.047%	$131K	$81K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.26	−0.027%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.15	−0.100%	$707K	$875K	10x	as long as short
Nado ORCL-PERP	+0.0053%	1h	149.12	−0.118%	$88K	$22K	10x	as long as short
QFEX ORCL-USD	+0.0057%	1h	149.24	−0.040%	$1.1M	$2.0M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	149.34	+0.027%	$240K	$276K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.36	+0.040%	$22K	$264K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.27	−0.020%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0166%	8h	149.29	−0.005%	$1.2M	$424K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0180%	8h	149.33	+0.023%	$1K	$155K	10x	as long as short
Gate ORCL_USDT	+0.0203%	8h	149.37	+0.047%	$2.3M	$3.0M	25x	as long as short
OKX ORCL-USDT-SWAP	+0.0218%	8h	149.26	−0.027%	$4.9M	$6.0M	20x	as long as short
Extended ORCL_24_5-USDshort	+0.0256%	1h	149.27	−0.017%	$387K	$2.1M	10x
Binance ORCLUSDT	+0.0257%	8h	149.31	+0.007%	$25.1M	$36.9M	20x	as long as short
Phoenix ORCL	+0.0483%	1h	149.16	−0.094%	$152K	$72K	10x	as long as short
BloFin ORCL-USDT	+0.0530%	8h	149.32	+0.013%	$48K	$45K	20x	as long as short
Bybit ORCLUSDT	+0.0547%	8h	149.29	−0.007%	$4.2M	$1.9M	50x	as long as short