Funding you earn now, next payment 05:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.057%
Price spread now: OKX against Lighter RH−0.027%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)+0.125%+$13 · spread now −0.027%, 7d avg +0.058%
=Together, before fees+0.229%+ Points / potential airdropLighter RH: Points live · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.085% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.058%). If the spread goes back, that is −$8 on $10k: about 20 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.104% in total) that is about 5.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% 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 | 149.81 | 0.0032 | pay 0.0004% / 1h | 18m 49s | $625K | $317K | 10x |
| Short | OKX ORCL-USDT-SWAP | 149.77 | 0.0371 | get 0.0371% / 8h | 3h 18m | $5.0M | $5.8M | 20x |
Lighter RH ORCL
OKX ORCL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $71.21
- Price spread: −0.027% → +0.058%
- −$8.48
- Slippage, 4 orders
- −$17.33
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $35.4
- Costs to cover
- 0.273%
- Break-even
- 3.5 days
Slippage from Lighter RH: live order book, 34 min ago; OKX: 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 RH live order book, 34 min ago | 1.34 bp | 2.3 bp −$2 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.67 bp | 10.2 bp −$10 | 18.6 bp −$186 | 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 | −0.0490% | 4h | 149.88 | +0.045% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.83 | +0.012% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.79 | −0.013% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.03 | +0.147% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.92 | +0.073% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.84 | +0.020% | $475K | $51K | 10x | as long as short |
| Lighter RH ORCLlong | +0.0032% | 1h | 149.81 | long leg | $625K | $317K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.501% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.72 | −0.060% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.85 | +0.027% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.64 | −0.113% | $21.7M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.74 | −0.047% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.79 | −0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.66 | −0.100% | $685K | $773K | 10x | as long as short |
| Nado ORCL-PERP | +0.0063% | 1h | 149.69 | −0.082% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.77 | −0.027% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.79 | −0.013% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.77 | −0.027% | $191 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0206% | 8h | 149.91 | +0.069% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0241% | 8h | 149.91 | +0.066% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0314% | 8h | 149.86 | +0.033% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0320% | 1h | 149.74 | −0.047% | $388K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0321% | 8h | 149.75 | −0.040% | $25.2M | $35.5M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0358% | 8h | 149.75 | −0.040% | $262K | $276K | 20x | as long as short |
| OKX ORCL-USDT-SWAPshort | +0.0371% | 8h | 149.77 | −0.027% | $5.0M | $5.8M | 20x | |
| Phoenix ORCL | +0.0535% | 1h | 149.79 | −0.013% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0695% | 8h | 149.90 | +0.060% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0699% | 8h | 149.86 | +0.033% | $4.1M | $1.8M | 50x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT