Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter against Ondo Perps+0.322%85s7-day average +0.135% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.322%, 7d avg +0.135%
=Together, before fees−0.108%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.186% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.322% now, against its 7-day average of +0.135%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ORCL-USD.P | 149.26 | 0.0050 | pay 0.0006% / 1h | 49m 17s | $699K | $894K | 10x |
| Short | Lighter ORCL | 149.74 | 0.0032 | get 0.0004% / 1h | 49m 17s | $475K | $51K | 10x |
Ondo Perps ORCL-USD.P
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- −$3.86
- Price spread: +0.322% → +0.135%
- $18.63
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $9.76
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 51 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 51 min ago | 5.69 bp | 21.8 bp −$22 | 28.3 bp −$283 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX ORCLUSDC | −0.0736% | 4h | 149.45 | +0.130% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.50 | +0.163% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.76 | +0.335% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.92 | +0.442% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.255% | $52K | $25K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.74 | +0.322% | $475K | $51K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.134% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.49 | +0.154% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.59 | +0.221% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.61 | +0.234% | $131K | $92K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.63 | +0.248% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.Plong | +0.0050% | 1h | 149.26 | long leg | $699K | $894K | 10x | |
| QFEX ORCL-USD | +0.0065% | 1h | 149.64 | +0.255% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.47 | +0.141% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.63 | +0.248% | $190 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0116% | 1h | 149.36 | +0.067% | $88K | $22K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0153% | 1h | 149.54 | +0.188% | $21.7M | $6.9M | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0177% | 8h | 149.58 | +0.211% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0183% | 8h | 149.55 | +0.195% | $1.2M | $423K | — | as long as short |
| KuCoin ORCLUSDTM | +0.0191% | 8h | 149.54 | +0.188% | $240K | $282K | 20x | as long as short |
| Lighter RH ORCL | +0.0192% | 1h | 149.68 | +0.281% | $624K | $322K | 10x | as long as short |
| Gate ORCL_USDT | +0.0247% | 8h | 149.74 | +0.322% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0278% | 8h | 149.67 | +0.275% | $25.0M | $36.7M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0280% | 1h | 149.64 | +0.252% | $388K | $1.6M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0285% | 8h | 149.66 | +0.268% | $4.9M | $6.1M | 20x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.38 | +0.080% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0608% | 8h | 149.72 | +0.308% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0621% | 8h | 149.74 | +0.322% | $4.1M | $1.9M | 50x | as long as short |
SoDEX ORCL-USD
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
tradeXYZ xyz:ORCL
GRVT ORCL_USDT_Perp
Variational Omni ORCL
KuCoin ORCLUSDTM
Lighter RH ORCL
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT