ORCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.052%

Price spread now: Extended against Lighter RH−0.001%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Lighter RH Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.001%, 7d avg +0.024%

Together, before fees+0.128%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.024%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.107% in total) that is about 39 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 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 RH ORCL	149.89	0.0032	pay 0.0004% / 1h	21m 25s	$625K	$317K	10x
Short	Extended ORCL_24_5-USD	149.89	0.0320	get 0.0040% / 1h	21m 25s	$388K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 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 Lighter RHbpFee ExtendedbpOrdersPrice spread, now −0.001%Rate

Funding earned: $60.48
Price spread: −0.001% → +0.024%: −$2.47
Slippage, 4 orders: −$15.78
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $37.24
Costs to cover: 0.208%
Break-even: 2.7 days

Slippage from Lighter RH: live order book, 31 min ago; Extended: live order book, 2 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, 31 min ago	1.34 bp	2.3 bp −$2	9.6 bp −$96	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	1.00 bp	7.5 bp −$8	65.4 bp −$654	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	−0.0704%	4h	149.69	−0.131%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.93	+0.026%	$94K	$16K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	150.00	+0.073%	$7.7M	$3.8M	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.97	+0.053%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.92	+0.020%	$52K	$24K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.89	0.000%	$475K	$51K	10x	as long as short
Lighter RH ORCLlong	+0.0032%	1h	149.89	long leg	$625K	$317K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.554%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.64	−0.167%	$87K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.89	0.000%	—	$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	149.76	−0.087%	$21.7M	$6.8M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.78	−0.073%	$131K	$91K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.86	−0.020%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.66	−0.153%	$685K	$773K	10x	as long as short
Nado ORCL-PERP	+0.0058%	1h	149.75	−0.093%	$88K	$22K	10x	as long as short
QFEX ORCL-USD	+0.0067%	1h	149.82	−0.047%	$1.1M	$2.1M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.74	−0.100%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.85	−0.027%	$191	—	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0210%	8h	149.65	−0.160%	$2K	$177K	10x	as long as short
Variational Omni ORCL	+0.0246%	8h	149.60	−0.192%	$1.3M	$363K	—	as long as short
Gate ORCL_USDT	+0.0310%	8h	149.93	+0.027%	$2.3M	$3.0M	25x	as long as short
Binance ORCLUSDT	+0.0320%	8h	149.93	+0.027%	$25.2M	$35.6M	20x	as long as short
Extended ORCL_24_5-USDshort	+0.0320%	1h	149.89	−0.001%	$388K	$1.3M	10x
KuCoin ORCLUSDTM	+0.0357%	8h	149.79	−0.067%	$262K	$276K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0375%	8h	149.90	+0.007%	$5.0M	$5.8M	20x	as long as short
Phoenix ORCL	+0.0535%	1h	149.79	−0.067%	$153K	$75K	10x	as long as short
Bybit ORCLUSDT	+0.0699%	8h	149.95	+0.040%	$4.1M	$1.8M	50x	as long as short
BloFin ORCL-USDT	+0.0710%	8h	149.79	−0.067%	$47K	$43K	20x	as long as short