Funding you earn now, next payment 07:00 UTC+0.0245%/8h= +26.9% APRpaid last 24h +0.058%
Price spread now: OKX against Lighter−0.040%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.040%, 7d avg −0.025%
=Together, before fees+0.037%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% 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 | 149.53 | 0.0032 | pay 0.0004% / 1h | 46m 19s | $475K | $51K | 10x |
| Short | OKX ORCL-USDT-SWAP | 149.47 | 0.0277 | get 0.0277% / 8h | 1h 46m | $4.9M | $6.0M | 20x |
Lighter ORCL
OKX ORCL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $51.51
- Price spread: −0.040% → −0.025%
- −$1.48
- Slippage, 4 orders
- −$47.36
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$7.33
- Costs to cover
- 0.574%
- Break-even
- 8.0 days
Slippage from Lighter: live order book, 54 min ago; OKX: live order book, 1 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, 54 min ago | 5.69 bp | 16.8 bp −$17 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.67 bp | 9.7 bp −$10 | 19.4 bp −$194 | 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 | −0.0447% | 4h | 149.67 | +0.096% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.36 | −0.115% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.53 | 0.000% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.65 | +0.080% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.074% | $52K | $25K | 20x | as long as short |
| Lighter ORCLlong | +0.0032% | 1h | 149.53 | long leg | $475K | $51K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.314% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.42 | −0.074% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.51 | −0.013% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.36 | −0.114% | $131K | $92K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.44 | −0.060% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.23 | −0.201% | $699K | $894K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.41 | −0.080% | $1.1M | $2.0M | 10x | as long as short |
| Nado ORCL-PERP | +0.0087% | 1h | 149.35 | −0.124% | $88K | $22K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.69 | +0.107% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.41 | −0.080% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0120% | 1h | 149.32 | −0.140% | $21.6M | $6.9M | 10x | as long as short |
| Lighter RH ORCL | +0.0120% | 1h | 149.45 | −0.054% | $623K | $322K | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0177% | 8h | 149.58 | +0.030% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0183% | 8h | 149.55 | +0.014% | $1.2M | $423K | — | as long as short |
| KuCoin ORCLUSDTM | +0.0185% | 8h | 149.37 | −0.107% | $240K | $282K | 20x | as long as short |
| Gate ORCL_USDT | +0.0247% | 8h | 149.53 | 0.000% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0272% | 1h | 149.40 | −0.084% | $388K | $1.6M | 10x | as long as short |
| Binance ORCLUSDT | +0.0276% | 8h | 149.43 | −0.068% | $24.9M | $36.8M | 20x | as long as short |
| OKX ORCL-USDT-SWAPshort | +0.0277% | 8h | 149.47 | −0.040% | $4.9M | $6.0M | 20x | |
| Phoenix ORCL | +0.0429% | 1h | 149.38 | −0.100% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0611% | 8h | 149.46 | −0.047% | $4.1M | $1.9M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0632% | 8h | 149.53 | 0.000% | $47K | $44K | 20x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
Lighter RH ORCL
GRVT ORCL_USDT_Perp
Variational Omni ORCL
KuCoin ORCLUSDTM
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT