Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.012%

Price spread now: Lighter RH against SunX−0.134%7-day average −0.216% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 3 days (all we have)−0.174%−$17 · spread now −0.134%, 7d avg −0.216%

Together, before fees−0.114%+ Points / potential airdropLighter RH: Points live · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.082% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ORCL-USDT	149.05	0	get 0.0000% / 8h	1h 58m	$3K	$2.9M	10x
Short	Lighter RH ORCL	148.85	0.0048	get 0.0006% / 1h	58m 45s	$622K	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Position, each leg$Hold fordaysFee SunXbpFee Lighter RHbpOrdersPrice spread, now −0.134%Rate

Funding earned: $10.08
Price spread: −0.134% → −0.216%: $8.22
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $10.3
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; Lighter RH: live order book, 24 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 SunX live order book, 9 min ago	30.85 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 24 min ago	2.02 bp	3.6 bp −$4	8.8 bp −$88	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	−0.0752%	4h	148.86	−0.126%	$28K	$215K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.86	−0.124%	$93K	$16K	20x	as long as short
Extended ORCL_24_5-USD	0.0000%	1h	148.81	−0.161%	$386K	$1.4M	10x	as long as short
Binance ORCLUSDT	0.0000%	8h	148.84	−0.141%	$24.8M	$35.9M	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	148.84	−0.141%	$2.2M	$3.0M	25x	as long as short
Variational Omni ORCL	0.0000%	8h	148.86	−0.128%	$1.3M	$221K	—	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.85	−0.137%	$2K	$204K	10x	as long as short
SunX ORCL-USDTlong	0.0000%	8h	149.05	long leg	$3K	$2.9M	10x
HTX ORCL-USDT	0.0000%	8h	148.91	−0.094%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.88	−0.114%	$471K	$53K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.007%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.78	−0.181%	—	$127K	25x	as long as short
Lighter RH ORCLshort	+0.0048%	1h	148.85	−0.134%	$622K	$456K	10x
Polymarket Perps ORCL-USD	+0.0050%	1h	148.73	−0.215%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.81	−0.161%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.69	−0.242%	$737K	$611K	10x	as long as short
QFEX ORCL-USD	+0.0053%	1h	148.80	−0.168%	$1.1M	$2.8M	10x	as long as short
tradeXYZ xyz:ORCL	+0.0072%	1h	148.71	−0.228%	$21.5M	$8.6M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	148.93	−0.081%	$258K	$208K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.83	−0.148%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.85	−0.134%	$189	—	10x	as long as short
Arcus ORCL-USD	+0.0152%	1h	148.77	−0.188%	$78K	$80K	10x	as long as short
Nado ORCL-PERP	+0.0163%	1h	148.68	−0.246%	$92K	$18K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0198%	8h	148.82	−0.154%	$4.7M	$5.7M	20x	as long as short
Bitget ORCLUSDT	+0.0303%	8h	148.87	−0.121%	$7.4M	$4.7M	20x	as long as short
Phoenix ORCL	+0.0431%	1h	148.82	−0.154%	$149K	$100K	10x	as long as short
Bybit ORCLUSDT	+0.0476%	8h	148.88	−0.114%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0500%	8h	148.89	−0.107%	$47K	$51K	20x	as long as short