Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%

Price spread now: Lighter RH against Aster−0.044%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 RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

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

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

Funding pays, the price is against you. Lighter RH is 0.044% cheaper against Aster than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ORCLUSDT	149.60	0	get 0.0000% / 8h	7h 47m	$94K	$16K	20x
Short	Lighter RH ORCL	149.53	0.0032	get 0.0004% / 1h	47m 08s	$622K	$323K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.044%Rate

Funding earned: $6.72
Price spread: −0.044% → 0.000%: −$4.36
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$5.64
Costs to cover: 0.080%
Break-even: 12.9 days

Slippage unknown: Aster: no order-book sample; Lighter RH: live order book, 25 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 RH live order book, 25 min ago	2.68 bp	3.3 bp −$3	9.4 bp −$94	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	−0.0694%	4h	149.52	−0.048%	$28K	$214K	10x	as long as short
Aster ORCLUSDTlong	0.0000%	8h	149.60	long leg	$94K	$16K	20x
SunX ORCL-USDT	0.0000%	8h	149.90	+0.204%	$3K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.41	−0.124%	$52K	$22K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.61	+0.010%	$474K	$50K	10x	as long as short
Lighter RH ORCLshort	+0.0032%	1h	149.53	−0.044%	$622K	$323K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.358%	$20K	$12K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.59	−0.003%	—	$127K	25x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.53	−0.044%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.39	−0.137%	$702K	$700K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ORCL-PERP	+0.0055%	1h	149.48	−0.080%	$92K	$18K	10x	as long as short
QFEX ORCL-USD	+0.0075%	1h	149.56	−0.024%	$1.1M	$2.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0093%	1h	149.52	−0.050%	$131K	$91K	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.61	+0.010%	$22K	$266K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.55	−0.030%	$190	—	10x	as long as short
Variational Omni ORCL	+0.0143%	8h	149.30	−0.196%	$1.3M	$363K	—	as long as short
Gate ORCL_USDT	+0.0189%	8h	149.61	+0.010%	$2.3M	$2.9M	25x	as long as short
Binance ORCLUSDT	+0.0199%	8h	149.60	+0.003%	$25.1M	$35.1M	20x	as long as short
Extended ORCL_24_5-USD	+0.0200%	1h	149.57	−0.017%	$387K	$1.6M	10x	as long as short
tradeXYZ xyz:ORCL	+0.0201%	1h	149.41	−0.124%	$21.5M	$7.0M	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0261%	8h	149.57	−0.014%	$1K	$192K	10x	as long as short
KuCoin ORCLUSDTM	+0.0293%	8h	149.57	−0.017%	$261K	$252K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0323%	8h	149.65	+0.037%	$4.8M	$5.5M	20x	as long as short
Bitget ORCLUSDT	+0.0411%	8h	149.57	−0.017%	$7.6M	$4.1M	20x	as long as short
Arcus ORCL-USD	+0.0467%	1h	149.41	−0.124%	$87K	$80K	10x	as long as short
BloFin ORCL-USDT	+0.0600%	8h	149.75	+0.103%	$47K	$51K	20x	as long as short
Bybit ORCLUSDT	+0.0612%	8h	149.59	−0.003%	$3.5M	$1.4M	50x	as long as short
Phoenix ORCL	+0.0697%	1h	149.53	−0.044%	$151K	$84K	10x	as long as short