Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.011%
Price spread now: Lighter against tradeXYZ+0.107%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.107%, 7d avg +0.130%
=Together, before fees+0.049%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.023% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.130%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:ORCL | 149.06 | 0.0050 | pay 0.0006% / 1h | 33m 39s | $21.6M | $6.9M | 10x |
| Short | Lighter ORCL | 149.22 | 0.0032 | get 0.0004% / 1h | 33m 39s | $477K | $59K | 10x |
tradeXYZ xyz:ORCL
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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: +0.107% → +0.130%
- −$2.28
- Slippage, 4 orders
- −$37.4
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$61.46
- Costs to cover
- 0.554%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Lighter: live order book, 61 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 tradeXYZ live order book, 5 min ago | 0.34 bp | 12.5 bp −$13 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 61 min ago | 4.35 bp | 20.0 bp −$20 | 25.9 bp −$259 | 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 | −0.0538% | 4h | 149.21 | +0.103% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.89 | +0.559% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.30 | +0.161% | $7.7M | $2.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.47 | +0.275% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.32 | +0.174% | $52K | $25K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.22 | +0.107% | $477K | $59K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | 0.000% | $20K | $9K | 12x | as long as short |
| Lighter RH ORCL | +0.0040% | 1h | 149.19 | +0.087% | $622K | $316K | 10x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.11 | +0.034% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.21 | +0.101% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Injective ORCL/USDC PERP
Lighter RH ORCL
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCLlong | +0.0050% | 1h | 149.06 | long leg | $21.6M | $6.9M | 10x | |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.13 | +0.047% | $131K | $82K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.17 | +0.074% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.99 | −0.047% | $698K | $854K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.15 | +0.060% | $1.1M | $2.0M | 10x | as long as short |
| Nado ORCL-PERP | +0.0058% | 1h | 149.05 | −0.004% | $88K | $22K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.25 | +0.127% | $240K | $273K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.13 | +0.047% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.18 | +0.081% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0170% | 8h | 149.20 | +0.091% | $1.2M | $424K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0188% | 8h | 149.22 | +0.109% | $1K | $159K | 10x | as long as short |
| Gate ORCL_USDT | +0.0199% | 8h | 149.29 | +0.154% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0238% | 8h | 149.17 | +0.074% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDT | +0.0263% | 8h | 149.18 | +0.081% | $24.9M | $36.5M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.14 | +0.053% | $388K | $2.1M | 10x | as long as short |
| Phoenix ORCL | +0.0483% | 1h | 149.14 | +0.054% | $152K | $72K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0551% | 8h | 149.29 | +0.154% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0564% | 8h | 149.24 | +0.121% | $4.2M | $1.9M | 50x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Extended ORCL_24_5-USD
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT