Funding you earn now, next payment 09:00 UTC−0.0449%/8h= −49.1% APRpaid last 24h −0.133%
Price spread now: Lighter RH against Bybit−0.040%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.040%, 7d avg −0.065%
=Together, before fees−0.302%+ Points / potential airdropLighter RH: Points live · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.025% dearer against Bybit than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.065%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.246% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% 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 | 148.87 | 0.0481 | pay 0.0481% / 8h | 7h 20m | $4.1M | $1.8M | 50x |
| Short | Lighter RH ORCL | 148.81 | 0.0032 | get 0.0004% / 1h | 20m 44s | $603K | $317K | 10x |
Bybit ORCLUSDT
Lighter RH ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$94.2
- Price spread: −0.040% → −0.065%
- $2.52
- Slippage, 4 orders
- −$26.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$129.34
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Lighter RH: live order book, 12 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, 2 min ago | 1.68 bp | 15.6 bp −$16 | 60.4 bp −$604 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 12 min ago | 0.67 bp | 6.9 bp −$7 | 14.9 bp −$149 | 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 | −0.0881% | 4h | 148.55 | −0.218% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 148.69 | −0.119% | $97K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 148.92 | +0.034% | $7.7M | $2.6M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | 0.0000% | 8h | 148.57 | −0.203% | $1K | $148K | 10x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.01 | +0.094% | $3K | $2.6M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 148.67 | −0.134% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 148.85 | −0.013% | $475K | $59K | 10x | as long as short |
| Lighter RH ORCLshort | +0.0032% | 1h | 148.81 | −0.040% | $603K | $317K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | +0.128% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 148.73 | −0.094% | $86K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
GRVT ORCL_USDT_Perp
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ORCL-USD-PERP | +0.0046% | 1h | 148.64 | −0.154% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 148.62 | −0.168% | $130K | $70K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 148.78 | −0.060% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.69 | −0.121% | $711K | $840K | 10x | as long as short |
| Nado ORCL-PERP | +0.0059% | 1h | 148.64 | −0.154% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 148.76 | −0.074% | $1.1M | $1.9M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0090% | 1h | 148.70 | −0.114% | $21.7M | $6.8M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 148.66 | −0.141% | $240K | $329K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 148.53 | −0.228% | $22K | $262K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 148.72 | −0.101% | $189 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0112% | 8h | 148.82 | −0.031% | $1.2M | $428K | — | as long as short |
| OKX ORCL-USDT-SWAP | +0.0188% | 8h | 148.85 | −0.013% | $4.9M | $5.9M | 20x | as long as short |
| Binance ORCLUSDT | +0.0195% | 8h | 148.83 | −0.026% | $25.1M | $36.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0200% | 1h | 148.80 | −0.050% | $386K | $2.1M | 10x | as long as short |
| Gate ORCL_USDT | +0.0326% | 8h | 148.95 | +0.054% | $2.3M | $2.9M | 25x | as long as short |
| BloFin ORCL-USDT | +0.0432% | 8h | 148.71 | −0.107% | $48K | $45K | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0481% | 8h | 148.87 | long leg | $4.1M | $1.8M | 50x | |
| Phoenix ORCL | +0.0537% | 1h | 148.35 | −0.349% | $152K | $73K | 10x | as long as short |
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
tradeXYZ xyz:ORCL
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
OKX ORCL-USDT-SWAP
Binance ORCLUSDT
Extended ORCL_24_5-USD
Gate ORCL_USDT
BloFin ORCL-USDT
Phoenix ORCL