Settings8H · net · $10k
Funding arb · Price arb /

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Ondo Perps against Lighter RH−0.087%7-day average −0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.087%, 7d avg −0.048%
Together, before fees+0.062%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.039% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.048%). If the spread goes back, that is −$4 on $10k: about 7.1 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ORCL149.370.0032pay 0.0004% / 1h50m 13s$621K$323K10x
ShortOndo Perps ORCL-USD.P149.240.0050get 0.0006% / 1h50m 13s$702K$704K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$3.86
Price spread: −0.087% → −0.048%
−$3.95
Slippage, 4 orders
no order book: not counted
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$5.08
Costs to cover
0.050%
Break-even
16.2 days
Slippage unknown: Lighter RH: live order book, 22 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 22 min ago2.68 bp3.3 bp −$310.2 bp −$102doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ORCL on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0886%4h149.38+0.005%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.45+0.051%$94K$16K20xas long as short
SunX ORCL-USDT0.0000%8h149.58+0.141%$3K$2.8M10xas long as short
HTX ORCL-USDT0.0000%8h149.41+0.027%$52K$22K20xas long as short
Lighter ORCL+0.0032%1h149.45+0.054%$473K$50K10xas long as short
Lighter RH ORCLlong+0.0032%1h149.37long leg$621K$323K10x
Injective ORCL/USDC PERP+0.0033%1h149.06−0.208%$20K$12K12xas long as short
Nado ORCL-PERP+0.0043%1h149.23−0.095%$92K$18K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.35−0.013%$127K25xas long as short
SoDEX ORCL-USD+0.0050%1h149.36−0.007%$30K$3K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ORCL-USD.Pshort+0.0050%1h149.24−0.087%$702K$704K10x
QFEX ORCL-USD+0.0075%1h149.31−0.040%$1.1M$2.9M10xas long as short
Gate ORCL_USDT+0.0075%8h149.42+0.033%$2.3M$2.9M25xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.35−0.013%$22K$266K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.36−0.007%$19010xas long as short
Polymarket Perps ORCL-USD+0.0123%1h149.26−0.074%$131K$93K10xas long as short
Variational Omni ORCL+0.0143%8h149.30−0.046%$1.3M$363Kas long as short
GRVT ORCL_USDT_Perp+0.0190%8h149.36−0.005%$1K$192K10xas long as short
Extended ORCL_24_5-USD+0.0192%1h149.35−0.014%$388K$1.5M10xas long as short
Binance ORCLUSDT+0.0194%8h149.38+0.005%$25.1M$35.1M20xas long as short
tradeXYZ xyz:ORCL+0.0242%1h149.26−0.074%$21.5M$7.0M10xas long as short
KuCoin ORCLUSDTM+0.0282%8h149.47+0.067%$260K$250K20xas long as short
OKX ORCL-USDT-SWAP+0.0317%8h149.38+0.007%$4.8M$5.5M20xas long as short
Bitget ORCLUSDT+0.0399%8h149.40+0.020%$7.6M$4.1M20xas long as short
Arcus ORCL-USD+0.0467%1h149.25−0.080%$86K$80K10xas long as short
Bybit ORCLUSDT+0.0587%8h149.42+0.033%$3.5M$1.4M50xas long as short
BloFin ORCL-USDT+0.0660%8h149.41+0.027%$47K$51K20xas long as short
Phoenix ORCL+0.0697%1h149.31−0.040%$150K$84K10xas long as short