Funding you earn now, next payment 02:00 UTC+0.0491%/8h= +53.8% APRpaid last 24h +0.104%
Price spread now: Bybit against Lighter RH+0.047%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$320.324% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.047%, 7d avg +0.067%
=Together, before fees+0.239%+ Points / potential airdropLighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.067%, so right now this pair is about funding alone: +$15 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 0.191% in total (about 10.0% 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 RH ORCL | 149.28 | 0.0032 | pay 0.0004% / 1h | 44m 46s | $621K | $317K | 10x |
| Short | Bybit ORCLUSDT | 149.35 | 0.0523 | get 0.0523% / 8h | 6h 44m | $3.5M | $1.4M | 50x |
Lighter RH ORCL
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter RH. 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
- $103.11
- Price spread: +0.047% → +0.067%
- −$1.98
- Slippage, 4 orders
- −$21.4
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $68.73
- Costs to cover
- 0.324%
- Break-even
- 2.3 days
Slippage from Lighter RH: live order book, 23 min ago; Bybit: 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 RH live order book, 23 min ago | 1.67 bp | 2.4 bp −$2 | 5.4 bp −$54 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.34 bp | 11.6 bp −$12 | 34.6 bp −$346 | 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 | −0.0562% | 4h | 149.25 | −0.018% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.41 | +0.086% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.51 | +0.154% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.25 | −0.020% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.36 | +0.054% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCLlong | +0.0032% | 1h | 149.28 | long leg | $621K | $317K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.147% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.27 | −0.007% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.28 | 0.000% | — | $67K | 25x | as long as short |
| Nado ORCL-PERP | +0.0046% | 1h | 149.19 | −0.059% | $92K | $18K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Nado ORCL-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.21 | −0.047% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.27 | −0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.09 | −0.127% | $707K | $677K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.24 | −0.027% | $1.1M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0067% | 1h | 149.20 | −0.054% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.19 | −0.060% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.27 | −0.007% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0198% | 8h | 149.30 | +0.015% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0201% | 8h | 149.33 | +0.033% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0225% | 8h | 149.38 | +0.067% | $2K | $181K | 10x | as long as short |
| Binance ORCLUSDT | +0.0247% | 8h | 149.31 | +0.017% | $25.0M | $35.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.25 | −0.017% | $388K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0299% | 8h | 149.43 | +0.100% | $260K | $260K | 20x | as long as short |
| Bitget ORCLUSDT | +0.0311% | 8h | 149.39 | +0.074% | $7.6M | $4.0M | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0319% | 8h | 149.37 | +0.060% | $4.8M | $5.6M | 20x | as long as short |
| BloFin ORCL-USDT | +0.0523% | 8h | 149.45 | +0.114% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDTshort | +0.0523% | 8h | 149.35 | +0.047% | $3.5M | $1.4M | 50x | |
| Phoenix ORCL | +0.0535% | 1h | 149.40 | +0.080% | $153K | $75K | 10x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
Bitget ORCLUSDT
OKX ORCL-USDT-SWAP
BloFin ORCL-USDT
Phoenix ORCL