Funding you earn now, next payment 07:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter RH against Polymarket Perps+0.100%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.100%, 7d avg +0.004%
=Together, before fees−0.215%+ Points / potential airdropLighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter RH is 0.096% dearer against Polymarket Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ORCL-USD | 149.51 | 0.0050 | pay 0.0006% / 1h | 48m 20s | $131K | $92K | 10x |
| Short | Lighter RH ORCL | 149.66 | 0.0184 | get 0.0023% / 1h | 48m 20s | $624K | $322K | 10x |
Polymarket Perps ORCL-USD
Lighter RH ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $28.14
- Price spread: +0.100% → +0.004%
- $9.59
- Slippage, 4 orders
- −$11.1
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $18.64
- Costs to cover
- 0.191%
- Break-even
- 2.4 days
Slippage from Polymarket Perps: live order book, 58 min ago; Lighter RH: live order book, 59 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, 58 min ago | 2.68 bp | 6.7 bp −$7 | 8.3 bp −$83 | 13.8 bp −$1,381 | doesn't fit |
| Sell Lighter RH live order book, 59 min ago | 1.67 bp | 2.4 bp −$2 | 7.4 bp −$74 | 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 | −0.0736% | 4h | 149.45 | −0.037% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.45 | −0.039% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.63 | +0.080% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.83 | +0.214% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.087% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.59 | +0.054% | $475K | $51K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.301% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.51 | 0.000% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.60 | +0.060% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USDlong | +0.0050% | 1h | 149.51 | long leg | $131K | $92K | 10x |
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.50 | −0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.51 | 0.000% | $699K | $896K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.60 | +0.060% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.47 | −0.027% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.50 | −0.007% | $190 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0114% | 1h | 149.49 | −0.013% | $88K | $22K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0151% | 1h | 149.46 | −0.033% | $21.7M | $6.9M | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0177% | 8h | 149.58 | +0.044% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0183% | 8h | 149.55 | +0.027% | $1.2M | $423K | — | as long as short |
| Lighter RH ORCLshort | +0.0184% | 1h | 149.66 | +0.100% | $624K | $322K | 10x | |
| KuCoin ORCLUSDTM | +0.0191% | 8h | 149.47 | −0.027% | $240K | $282K | 20x | as long as short |
| Gate ORCL_USDT | +0.0248% | 8h | 149.68 | +0.114% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0279% | 8h | 149.59 | +0.054% | $25.0M | $36.7M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0280% | 1h | 149.49 | −0.014% | $388K | $1.6M | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0283% | 8h | 149.55 | +0.027% | $4.9M | $6.0M | 20x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.38 | −0.087% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0608% | 8h | 149.72 | +0.140% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0620% | 8h | 149.57 | +0.040% | $4.1M | $1.9M | 50x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
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
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT