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Funding arb · Price arb /

ORCL

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0288%/8h= −31.5% APRnext payment −$0.36 per $10,000 · paid last 24h −0.052%
Price spread now: Lighter RH against Extended+0.046%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Long on ExtendedShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days−0.107%−$11 on $10k
Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.046%, 7d avg −0.024%
Together, before fees−0.172%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.069% dearer against Extended than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.024%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.107% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ORCL_24_5-USD149.400.0320pay 0.0040% / 1h39m 36s$390K$1.3M10x
ShortLighter RH ORCL149.470.0032get 0.0004% / 1h39m 36s$623K$315K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. 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

Funding earned
−$60.48
Price spread: +0.046% → −0.024%
$6.94
Slippage, 4 orders
−$16.45
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$75
Costs to cover
0.215%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; Lighter RH: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago1.34 bp7.9 bp −$867.1 bp −$671doesn't fitdoesn't fit
Sell Lighter RH live order book, 13 min ago1.34 bp3.1 bp −$310.7 bp −$107doesn't fitdoesn't fit

ORCL on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0948%4h149.56+0.103%$28K$213K10xas long as short
Aster ORCLUSDT0.0000%8h149.37−0.019%$94K$16K20xas long as short
Bitget ORCLUSDT0.0000%8h149.56+0.106%$7.7M$3.8M20xas long as short
SunX ORCL-USDT0.0000%8h149.72+0.213%$3K$2.7M10xas long as short
HTX ORCL-USDT0.0000%8h149.82+0.280%$52K$24K20xas long as short
Nado ORCL-PERP+0.0031%1h149.44+0.023%$91K$20K10xas long as short
Lighter ORCL+0.0032%1h149.54+0.092%$474K$51K10xas long as short
Lighter RH ORCLshort+0.0032%1h149.47+0.046%$623K$315K10x
Injective ORCL/USDC PERP+0.0033%1h149.06−0.229%$20K$12K12xas long as short
Arcus ORCL-USD+0.0040%1h149.48+0.052%$87K$79K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest ORCL-USD-PERP+0.0046%1h149.57+0.112%—$67K25xas long as short
tradeXYZ xyz:ORCL+0.0050%1h149.35−0.035%$21.6M$6.8M10xas long as short
Polymarket Perps ORCL-USD+0.0050%1h149.46+0.039%$131K$90K10xas long as short
SoDEX ORCL-USD+0.0050%1h149.50+0.066%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h149.55+0.099%$703K$724K10xas long as short
QFEX ORCL-USD+0.0067%1h149.45+0.032%$1.1M$2.1M10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.57+0.112%$22K$262K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.50+0.066%$190—10xas long as short
GRVT ORCL_USDT_Perp+0.0210%8h149.53+0.088%$2K$177K10xas long as short
Variational Omni ORCL+0.0242%8h149.52+0.082%$1.3M$363K—as long as short
Gate ORCL_USDT+0.0294%8h149.51+0.072%$2.3M$3.0M25xas long as short
Binance ORCLUSDT+0.0319%8h149.45+0.031%$25.1M$35.4M20xas long as short
Extended ORCL_24_5-USDlong+0.0320%1h149.40long leg$390K$1.3M10x
KuCoin ORCLUSDTM+0.0355%8h149.61+0.139%$261K$278K20xas long as short
OKX ORCL-USDT-SWAP+0.0384%8h149.50+0.066%$5.0M$5.8M20xas long as short
Phoenix ORCL+0.0535%1h149.57+0.112%$153K$75K10xas long as short
Bybit ORCLUSDT+0.0711%8h149.52+0.079%$4.1M$1.8M50xas long as short
BloFin ORCL-USDT+0.0749%8h149.67+0.179%$47K$43K20xas long as short