Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0001%/8hnext payment −$0.00 per $10,000 · paid last 24h −0.041%

Price spread now: Lighter against Injective−0.288%96s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.288% cheaper against Injective than usual: you would sell low and buy high, −$29 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ORCL/USDC PERP	149.06	0.0033	pay 0.0004% / 1h	21m 27s	$20K	$45K	12x
Short	Lighter ORCL	148.63	0.0032	get 0.0004% / 1h	21m 27s	$471K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now −0.288%Rate

Funding earned: −$0.28
Price spread: −0.288% → 0.000%: −$28.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$29.15
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 6 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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	12.11 bp	31.7 bp −$32	35.9 bp −$359	doesn't fit	doesn't fit

Injective: 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	−0.0177%	4h	148.61	−0.299%	$29K	$213K	10x	as long as short
Gate ORCL_USDT	0.0000%	8h	148.62	−0.295%	$2.2M	$3.0M	25x	as long as short
SunX ORCL-USDT	0.0000%	8h	148.82	−0.161%	$2K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.70	−0.242%	$52K	$22K	20x	as long as short
Lighter ORCLshort	+0.0032%	1h	148.63	−0.288%	$471K	$52K	10x
Lighter RH ORCL	+0.0032%	1h	148.57	−0.329%	$621K	$475K	10x	as long as short
Injective ORCL/USDC PERPlong	+0.0033%	1h	149.06	long leg	$20K	$45K	12x
Vest ORCL-USD-PERP	+0.0046%	1h	148.54	−0.349%	—	$127K	25x	as long as short
GRVT ORCL_USDT_Perp	+0.0046%	8h	148.54	−0.349%	$2K	$197K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.46	−0.403%	$21.6M	$8.7M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ORCL-USD	+0.0050%	1h	148.50	−0.376%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.56	−0.335%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.37	−0.463%	$736K	$631K	10x	as long as short
QFEX ORCL-USD	+0.0058%	1h	148.61	−0.302%	$1.1M	$2.7M	10x	as long as short
Variational Omni ORCL	+0.0093%	8h	148.50	−0.376%	$1.3M	$269K	—	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.56	−0.335%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.56	−0.335%	$189	—	10x	as long as short
Aster ORCLUSDT	+0.0103%	8h	148.74	−0.218%	$93K	$16K	20x	as long as short
KuCoin ORCLUSDTM	+0.0129%	8h	148.57	−0.329%	$257K	$156K	20x	as long as short
Nado ORCL-PERP	+0.0145%	1h	148.48	−0.391%	$93K	$19K	10x	as long as short
Extended ORCL_24_5-USD	+0.0200%	1h	148.58	−0.321%	$385K	$1.4M	10x	as long as short
Binance ORCLUSDT	+0.0201%	8h	148.58	−0.324%	$24.7M	$35.5M	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0272%	8h	148.56	−0.335%	$4.7M	$5.5M	20x	as long as short
Arcus ORCL-USD	+0.0304%	1h	148.53	−0.356%	$78K	$81K	10x	as long as short
Bybit ORCLUSDT	+0.0499%	8h	148.65	−0.275%	$3.4M	$1.5M	50x	as long as short
BloFin ORCL-USDT	+0.0527%	8h	148.65	−0.275%	$47K	$52K	20x	as long as short
Phoenix ORCL	+0.0539%	1h	148.50	−0.376%	$149K	$101K	10x	as long as short
Bitget ORCLUSDT	+0.0548%	8h	148.59	−0.315%	$7.5M	$4.9M	20x	as long as short