Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against Aster−0.107%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.107% cheaper against Aster than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 11 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 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ORCLUSDT	149.03	0	get 0.0000% / 8h	2h 26m	$97K	$20K	20x
Short	Lighter ORCL	148.87	0.0032	get 0.0004% / 1h	26m 33s	$472K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.107%Rate

Funding earned: $6.72
Price spread: −0.107% → 0.000%: −$10.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.02
Costs to cover: 0.080%
Break-even: 19.5 days

Slippage unknown: Aster: no order-book sample; Lighter: live order book, 13 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 Aster no order-book sample	—	—	—	—	—
Sell Lighter live order book, 13 min ago	5.69 bp	21.8 bp −$22	28.3 bp −$283	doesn't fit	doesn't fit

Aster: 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	−0.0262%	4h	149.03	−0.002%	$28K	$213K	10x	as long as short
Aster ORCLUSDTlong	0.0000%	8h	149.03	long leg	$97K	$20K	20x
Bitget ORCLUSDT	0.0000%	8h	148.98	−0.034%	$7.6M	$3.8M	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.05	+0.013%	$2K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.23	+0.134%	$52K	$25K	20x	as long as short
Lighter ORCLshort	+0.0032%	1h	148.87	−0.107%	$472K	$51K	10x
Lighter RH ORCL	+0.0032%	1h	148.87	−0.107%	$621K	$317K	10x	as long as short
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.020%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	148.83	−0.134%	$86K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.93	−0.067%	—	$67K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ORCL	+0.0050%	1h	148.80	−0.154%	$21.5M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.84	−0.127%	$130K	$92K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.83	−0.134%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.70	−0.221%	$687K	$877K	10x	as long as short
QFEX ORCL-USD	+0.0058%	1h	148.88	−0.101%	$1.1M	$2.1M	10x	as long as short
Nado ORCL-PERP	+0.0059%	1h	148.79	−0.160%	$88K	$22K	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.97	−0.040%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.80	−0.154%	$189	—	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0158%	8h	149.03	0.000%	$1K	$175K	10x	as long as short
Variational Omni ORCL	+0.0200%	8h	148.97	−0.042%	$1.3M	$368K	—	as long as short
Gate ORCL_USDT	+0.0263%	8h	148.89	−0.094%	$2.3M	$3.0M	25x	as long as short
KuCoin ORCLUSDTM	+0.0263%	8h	148.93	−0.067%	$240K	$287K	20x	as long as short
Binance ORCLUSDT	+0.0270%	8h	148.88	−0.101%	$25.0M	$35.9M	20x	as long as short
Extended ORCL_24_5-USD	+0.0272%	1h	148.82	−0.142%	$386K	$1.6M	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0308%	8h	148.85	−0.121%	$4.9M	$6.0M	20x	as long as short
Phoenix ORCL	+0.0428%	1h	148.79	−0.161%	$152K	$75K	10x	as long as short
Bybit ORCLUSDT	+0.0625%	8h	148.95	−0.054%	$4.1M	$1.8M	50x	as long as short
BloFin ORCL-USDT	+0.0636%	8h	148.95	−0.054%	$47K	$43K	20x	as long as short