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

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against SunX−0.147%7-day average −0.127% · 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+0.160%+$16 on $10k
Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.147%, 7d avg −0.127%
Together, before fees+0.144%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.021% cheaper against SunX than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.127%). If the spread goes back, that is −$2 on $10k: about 2.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.160% in total) that is about 22 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ORCL-USDT149.480get 0.0000% / 8h1h 05m$2K$2.7M10x
ShortLighter ORCL149.260.0032get 0.0004% / 1h5m 11s$473K$54K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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
$6.72
Price spread: −0.147% → −0.127%
−$2.06
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$3.34
Costs to cover
0.080%
Break-even
10.5 days
Slippage unknown: SunX: live order book, 2 min ago; Lighter: live order book, 30 min ago. 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 SunX live order book, 2 min ago29.76 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 30 min ago4.35 bp20.0 bp −$2025.9 bp −$259doesn't fitdoesn't fit

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−0.0926%4h149.30−0.121%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.17−0.206%$97K$20K20xas long as short
Bitget ORCLUSDT0.0000%8h149.36−0.080%$7.7M$2.9M20xas long as short
SunX ORCL-USDTlong0.0000%8h149.48long leg$2K$2.7M10x
HTX ORCL-USDT0.0000%8h149.41−0.047%$52K$25K20xas long as short
Lighter ORCLshort+0.0032%1h149.26−0.147%$473K$54K10x
Lighter RH ORCL+0.0032%1h149.27−0.140%$622K$322K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−0.281%$20K$9K12xas long as short
Arcus ORCL-USD+0.0040%1h149.20−0.187%$86K$79K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.34−0.094%$67K25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:ORCL+0.0050%1h149.14−0.227%$21.6M$6.9M10xas long as short
Polymarket Perps ORCL-USD+0.0050%1h149.20−0.187%$131K$92K10xas long as short
SoDEX ORCL-USD+0.0050%1h149.26−0.147%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h149.13−0.234%$698K$859K10xas long as short
Nado ORCL-PERP+0.0065%1h149.17−0.206%$88K$22K10xas long as short
QFEX ORCL-USD+0.0065%1h149.25−0.154%$1.1M$2.0M10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.31−0.114%$22K$264K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.21−0.181%$19010xas long as short
KuCoin ORCLUSDTM+0.0119%8h149.38−0.067%$240K$275K20xas long as short
Variational Omni ORCL+0.0166%8h149.28−0.134%$1.2M$423Kas long as short
GRVT ORCL_USDT_Perp+0.0178%8h149.37−0.076%$1K$162K10xas long as short
Gate ORCL_USDT+0.0214%8h149.37−0.074%$2.3M$3.0M25xas long as short
OKX ORCL-USDT-SWAP+0.0249%8h149.30−0.120%$4.9M$6.0M20xas long as short
Binance ORCLUSDT+0.0260%8h149.27−0.142%$24.9M$36.5M20xas long as short
Extended ORCL_24_5-USD+0.0264%1h149.23−0.165%$388K$1.4M10xas long as short
Phoenix ORCL+0.0429%1h149.28−0.134%$153K$75K10xas long as short
Bybit ORCLUSDT+0.0578%8h149.30−0.120%$4.1M$1.9M50xas long as short
BloFin ORCL-USDT+0.0582%8h149.32−0.107%$47K$44K20xas long as short