Funding you earn now, next payment 23:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.013%
Price spread now: Polymarket Perps against Lighter−0.107%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$540.535% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.107%, 7d avg −0.088%
=Together, before fees−0.004%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.088%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ORCL | 148.90 | 0.0032 | pay 0.0004% / 1h | 13m 27s | $471K | $53K | 10x |
| Short | Polymarket Perps ORCL-USD | 148.74 | 0.0050 | get 0.0006% / 1h | 13m 27s | $130K | $122K | 10x |
Lighter ORCL
Polymarket Perps ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $3.78
- Price spread: −0.107% → −0.088%
- −$1.99
- Slippage, 4 orders
- −$45.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$51.75
- Costs to cover
- 0.535%
- Break-even
- 102.8 days
Slippage from Lighter: live order book, 62 min ago; Polymarket Perps: live order book, 3 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, 62 min ago | 5.70 bp | 18.6 bp −$19 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 0.67 bp | 7.3 bp −$7 | 10.1 bp −$101 | 17.2 bp −$1,724 | 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 | −0.0925% | 4h | 148.79 | −0.076% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.91 | +0.010% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 148.84 | −0.040% | $2.2M | $3.0M | 25x | as long as short |
| Variational Omni ORCL | 0.0000% | 8h | 148.77 | −0.090% | $1.3M | $316K | — | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.82 | −0.054% | $1K | $198K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.03 | +0.087% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.83 | −0.047% | $52K | $22K | 20x | as long as short |
| Binance ORCLUSDT | +0.0015% | 8h | 148.80 | −0.065% | $24.8M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0016% | 1h | 148.77 | −0.086% | $386K | $1.4M | 10x | as long as short |
| Lighter ORCLlong | +0.0032% | 1h | 148.90 | long leg | $471K | $53K | 10x |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Binance ORCLUSDT
Extended ORCL_24_5-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ORCL | +0.0032% | 1h | 148.80 | −0.067% | $619K | $462K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.107% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.74 | −0.107% | — | $127K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.66 | −0.161% | $21.4M | $8.6M | 10x | as long as short |
| Polymarket Perps ORCL-USDshort | +0.0050% | 1h | 148.74 | −0.107% | $130K | $122K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.79 | −0.074% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.63 | −0.181% | $707K | $691K | 10x | as long as short |
| QFEX ORCL-USD | +0.0056% | 1h | 148.81 | −0.060% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.83 | −0.047% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.76 | −0.094% | $189 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0124% | 1h | 148.66 | −0.164% | $92K | $18K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0140% | 8h | 148.89 | −0.007% | $257K | $226K | 20x | as long as short |
| Arcus ORCL-USD | +0.0152% | 1h | 148.68 | −0.148% | $86K | $90K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0207% | 8h | 148.80 | −0.067% | $4.7M | $5.7M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0298% | 8h | 148.78 | −0.081% | $7.4M | $4.6M | 20x | as long as short |
| BloFin ORCL-USDT | +0.0453% | 8h | 148.83 | −0.047% | $47K | $51K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0474% | 8h | 148.81 | −0.060% | $3.5M | $1.6M | 50x | as long as short |
| Phoenix ORCL | +0.0538% | 1h | 148.72 | −0.121% | $149K | $100K | 10x | as long as short |
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
KuCoin ORCLUSDTM
Arcus ORCL-USD
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
BloFin ORCL-USDT
Bybit ORCLUSDT
Phoenix ORCL