Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.013%
Price spread now: Lighter against Polymarket Perps+0.101%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.101%, 7d avg +0.087%
=Together, before fees−0.024%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ORCL-USD | 149.11 | 0.0050 | pay 0.0006% / 1h | 21m 00s | $131K | $122K | 10x |
| Short | Lighter ORCL | 149.26 | 0.0032 | get 0.0004% / 1h | 21m 00s | $473K | $53K | 10x |
Polymarket Perps ORCL-USD
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket 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
- −$3.78
- Price spread: +0.101% → +0.087%
- $1.34
- Slippage, 4 orders
- −$39.91
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$50.34
- Costs to cover
- 0.479%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 56 min ago; Lighter: live order book, 49 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 Polymarket Perps live order book, 56 min ago | 0.67 bp | 6.0 bp −$6 | 6.4 bp −$64 | 12.1 bp −$1,206 | doesn't fit |
| Sell Lighter live order book, 49 min ago | 6.71 bp | 27.3 bp −$27 | 33.2 bp −$332 | 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 | −0.0429% | 4h | 149.15 | +0.026% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.28 | +0.114% | $93K | $16K | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 149.24 | +0.087% | $2.3M | $2.9M | 25x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.201% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.21 | +0.067% | $52K | $23K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.26 | +0.101% | $473K | $53K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.034% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.19 | +0.054% | — | $127K | 25x | as long as short |
| Polymarket Perps ORCL-USDlong | +0.0050% | 1h | 149.11 | long leg | $131K | $122K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.17 | +0.040% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Gate ORCL_USDT
SunX ORCL-USDT
HTX ORCL-USDT
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.97 | −0.094% | $709K | $695K | 10x | as long as short |
| QFEX ORCL-USD | +0.0071% | 1h | 149.15 | +0.027% | $1.1M | $2.9M | 10x | as long as short |
| Variational Omni ORCL | +0.0083% | 8h | 149.18 | +0.050% | $1.3M | $314K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0090% | 8h | 149.18 | +0.046% | $1K | $194K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.17 | +0.040% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.15 | +0.027% | $190 | — | 10x | as long as short |
| Lighter RH ORCL | +0.0112% | 1h | 149.23 | +0.080% | $621K | $462K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0136% | 1h | 149.17 | +0.041% | $386K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | +0.0136% | 8h | 149.20 | +0.057% | $24.9M | $35.4M | 20x | as long as short |
| tradeXYZ xyz:ORCL | +0.0140% | 1h | 149.10 | −0.007% | $21.5M | $8.1M | 10x | as long as short |
| Nado ORCL-PERP | +0.0155% | 1h | 149.10 | −0.005% | $92K | $18K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0229% | 8h | 149.23 | +0.080% | $259K | $240K | 20x | as long as short |
| Arcus ORCL-USD | +0.0289% | 1h | 149.11 | 0.000% | $86K | $81K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0291% | 8h | 149.21 | +0.067% | $4.8M | $5.7M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0364% | 8h | 149.20 | +0.060% | $7.4M | $4.5M | 20x | as long as short |
| BloFin ORCL-USDT | +0.0493% | 8h | 149.18 | +0.047% | $47K | $51K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0522% | 8h | 149.21 | +0.067% | $3.5M | $1.5M | 50x | as long as short |
| Phoenix ORCL | +0.0538% | 1h | 149.13 | +0.013% | $149K | $84K | 10x | as long as short |
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Variational Omni ORCL
GRVT ORCL_USDT_Perp
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Lighter RH ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
tradeXYZ xyz:ORCL
Nado ORCL-PERP
KuCoin ORCLUSDTM
Arcus ORCL-USD
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
BloFin ORCL-USDT
Bybit ORCLUSDT
Phoenix ORCL