Funding you earn now, next payment 08:00 UTC−0.0185%/8h= −20.2% APRpaid last 24h −0.058%
Price spread now: Lighter against OKX−0.020%7-day average +0.025% · 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−$62as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.020%, 7d avg +0.025%
=Together, before fees+0.024%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.045% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.2% 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 | OKX ORCL-USDT-SWAP | 149.26 | 0.0217 | pay 0.0217% / 8h | 8m 18s | $4.9M | $6.0M | 20x |
| Short | Lighter ORCL | 149.23 | 0.0032 | get 0.0004% / 1h | 8m 18s | $476K | $59K | 10x |
OKX ORCL-USDT-SWAP
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- −$38.81
- Price spread: −0.020% → +0.025%
- −$4.48
- Slippage, 4 orders
- −$47.04
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$100.32
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 22 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 OKX live order book, 4 min ago | 1.67 bp | 14.1 bp −$14 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 22 min ago | 3.69 bp | 13.4 bp −$13 | 16.0 bp −$160 | 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 | −0.0249% | 4h | 149.25 | −0.010% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.32 | +0.040% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.32 | +0.040% | $7.7M | $2.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.147% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.32 | +0.040% | $52K | $25K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.23 | −0.020% | $476K | $59K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.19 | −0.047% | $623K | $320K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.134% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.15 | −0.074% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.23 | −0.020% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH 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 | 149.10 | −0.107% | $21.7M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.16 | −0.067% | $131K | $81K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.17 | −0.060% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.08 | −0.121% | $711K | $878K | 10x | as long as short |
| Nado ORCL-PERP | +0.0052% | 1h | 149.08 | −0.118% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.17 | −0.060% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.26 | 0.000% | $240K | $277K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.25 | −0.007% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.18 | −0.054% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0174% | 8h | 149.22 | −0.029% | $1.2M | $424K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0187% | 8h | 149.30 | +0.024% | $1K | $155K | 10x | as long as short |
| Gate ORCL_USDT | +0.0205% | 8h | 149.31 | +0.033% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAPlong | +0.0217% | 8h | 149.26 | long leg | $4.9M | $6.0M | 20x | |
| Binance ORCLUSDT | +0.0263% | 8h | 149.19 | −0.046% | $25.1M | $36.9M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.16 | −0.067% | $390K | $2.1M | 10x | as long as short |
| Phoenix ORCL | +0.0483% | 1h | 149.16 | −0.067% | $152K | $72K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0547% | 8h | 149.24 | −0.013% | $4.2M | $1.9M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0569% | 8h | 149.26 | 0.000% | $47K | $45K | 20x | 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
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT