Funding you earn now, next payment 23:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter against Vest+0.047%46s7-day average −0.210% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.017%−$2 on $10k
+Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.047%, 7d avg −0.210%
=Together, before fees−0.181%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.257% dearer against Vest than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.210%): +$26 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest ORCL-USD-PERP | 148.86 | 0.0046 | pay 0.0006% / 1h | 48m 31s | — | $127K | 25x |
| Short | Lighter ORCL | 148.93 | 0.0032 | get 0.0004% / 1h | 48m 31s | $472K | $53K | 10x |
Vest ORCL-USD-PERP
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Vest. 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
- −$2.87
- Price spread: +0.047% → −0.210%
- $25.72
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $20.85
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 26 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 26 min ago | 5.70 bp | 21.7 bp −$22 | 27.1 bp −$271 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0651% | 4h | 148.83 | −0.020% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.90 | +0.025% | $93K | $16K | 20x | as long as short |
| Extended ORCL_24_5-USD | 0.0000% | 1h | 148.87 | +0.005% | $386K | $1.4M | 10x | as long as short |
| Binance ORCLUSDT | 0.0000% | 8h | 148.88 | +0.015% | $24.8M | $35.8M | 20x | as long as short |
| Gate ORCL_USDT | 0.0000% | 8h | 148.86 | 0.000% | $2.2M | $3.0M | 25x | as long as short |
| Variational Omni ORCL | 0.0000% | 8h | 148.81 | −0.032% | $1.3M | $221K | — | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.87 | +0.005% | $1K | $203K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.11 | +0.168% | $3K | $2.9M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.92 | +0.040% | $52K | $22K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 148.93 | +0.047% | $472K | $53K | 10x |
edgeX ORCLUSDC
Aster ORCLUSDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH ORCL | +0.0032% | 1h | 148.90 | +0.027% | $623K | $456K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.134% | $20K | $14K | 12x | as long as short |
| Vest ORCL-USD-PERPlong | +0.0046% | 1h | 148.86 | long leg | — | $127K | 25x | |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 148.78 | −0.054% | $21.4M | $8.5M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.79 | −0.047% | $130K | $122K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.88 | +0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.71 | −0.101% | $737K | $586K | 10x | as long as short |
| QFEX ORCL-USD | +0.0056% | 1h | 148.85 | −0.007% | $1.1M | $2.8M | 10x | as long as short |
| Nado ORCL-PERP | +0.0092% | 1h | 148.78 | −0.056% | $92K | $18K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.97 | +0.074% | $259K | $210K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.85 | −0.007% | $22K | $269K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.84 | −0.013% | $189 | — | 10x | as long as short |
| Arcus ORCL-USD | +0.0152% | 1h | 148.81 | −0.034% | $78K | $78K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0195% | 8h | 148.86 | 0.000% | $4.7M | $5.7M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0296% | 8h | 148.83 | −0.020% | $7.4M | $4.6M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0471% | 8h | 148.88 | +0.013% | $3.5M | $1.6M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0473% | 8h | 148.79 | −0.047% | $47K | $51K | 20x | as long as short |
| Phoenix ORCL | +0.0538% | 1h | 148.79 | −0.047% | $149K | $100K | 10x | as long as short |
Lighter RH ORCL
Injective ORCL/USDC PERP
tradeXYZ xyz:ORCL
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
Arcus ORCL-USD
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
Bybit ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL