Funding you earn now, next payment 01:00 UTC−0.0588%/8h= −64.4% APRpaid last 24h −0.105%
Price spread now: Lighter against Bybit−0.007%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$570.573% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.007%, 7d avg +0.019%
=Together, before fees−0.088%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Lighter is 0.026% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORCLUSDT | 149.55 | 0.0620 | pay 0.0620% / 8h | 7h 23m | $3.5M | $1.4M | 50x |
| Short | Lighter ORCL | 149.54 | 0.0032 | get 0.0004% / 1h | 23m 13s | $474K | $50K | 10x |
Bybit ORCLUSDT
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$123.54
- Price spread: −0.007% → +0.019%
- −$2.58
- Slippage, 4 orders
- −$46.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$183.39
- Costs to cover
- 0.573%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 42 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 Bybit live order book, 4 min ago | 1.00 bp | 12.7 bp −$13 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 42 min ago | 4.01 bp | 16.7 bp −$17 | 23.4 bp −$234 | 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 | −0.0689% | 4h | 149.56 | +0.008% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.48 | −0.048% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.68 | +0.087% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.060% | $52K | $22K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.54 | −0.007% | $474K | $50K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.44 | −0.074% | $622K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.328% | $20K | $12K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.45 | −0.067% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.36 | −0.127% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.42 | −0.087% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.40 | −0.100% | $703K | $698K | 10x | as long as short |
| Nado ORCL-PERP | +0.0065% | 1h | 149.36 | −0.125% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.44 | −0.074% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.48 | −0.047% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.43 | −0.080% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0107% | 1h | 149.32 | −0.154% | $21.5M | $6.7M | 10x | as long as short |
| Variational Omni ORCL | +0.0178% | 8h | 149.67 | +0.077% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0224% | 1h | 149.39 | −0.107% | $388K | $1.3M | 10x | as long as short |
| Gate ORCL_USDT | +0.0224% | 8h | 149.52 | −0.020% | $2.3M | $2.9M | 25x | as long as short |
| Binance ORCLUSDT | +0.0225% | 8h | 149.45 | −0.068% | $25.1M | $35.0M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0301% | 8h | 149.55 | 0.000% | $260K | $256K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0323% | 8h | 149.45 | −0.067% | $4.8M | $5.5M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0344% | 8h | 149.60 | +0.033% | $1K | $181K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0420% | 8h | 149.54 | −0.007% | $7.6M | $4.1M | 20x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.47 | −0.053% | $87K | $79K | 10x | as long as short |
| Bybit ORCLUSDTlong | +0.0620% | 8h | 149.55 | long leg | $3.5M | $1.4M | 50x | |
| BloFin ORCL-USDT | +0.0623% | 8h | 149.77 | +0.147% | $47K | $43K | 20x | as long as short |
| Phoenix ORCL | +0.0697% | 1h | 149.35 | −0.134% | $153K | $84K | 10x | as long as short |
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
Variational Omni ORCL
Extended ORCL_24_5-USD
Gate ORCL_USDT
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
GRVT ORCL_USDT_Perp
Bitget ORCLUSDT
Arcus ORCL-USD
BloFin ORCL-USDT
Phoenix ORCL