Funding you earn now, next payment 05:00 UTC−0.0321%/8h= −35.1% APRpaid last 24h −0.039%
Price spread now: Lighter against KuCoin−0.047%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2062.059% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.047%, 7d avg +0.017%
=Together, before fees−0.054%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter is 0.063% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.069% in total (about -3.6% 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 | KuCoin ORCLUSDTM | 149.53 | 0.0353 | pay 0.0353% / 8h | 3h 37m | $262K | $277K | 20x |
| Short | Lighter ORCL | 149.46 | 0.0032 | get 0.0004% / 1h | 37m 34s | $474K | $51K | 10x |
KuCoin ORCLUSDTM
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$67.41
- Price spread: −0.047% → +0.017%
- −$6.34
- Slippage, 4 orders
- −$193.93
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$279.68
- Costs to cover
- 2.059%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 34 min ago; Lighter: live order book, 7 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 KuCoin live order book, 34 min ago | 7.00 bp | 77.0 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 5.01 bp | 19.7 bp −$20 | 23.6 bp −$236 | 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 | −0.0547% | 4h | 149.44 | −0.063% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.33 | −0.136% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.53 | 0.000% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.66 | +0.087% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.52 | −0.007% | $52K | $24K | 20x | as long as short |
| Nado ORCL-PERP | +0.0026% | 1h | 149.38 | −0.103% | $91K | $20K | 10x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.46 | −0.047% | $474K | $51K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.43 | −0.067% | $623K | $315K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.314% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.40 | −0.087% | $87K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter RH 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 | 149.49 | −0.027% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.31 | −0.147% | $21.6M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.38 | −0.100% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.42 | −0.074% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.29 | −0.161% | $703K | $723K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.38 | −0.100% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.35 | −0.120% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.40 | −0.087% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0203% | 8h | 149.48 | −0.034% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0242% | 8h | 149.52 | −0.004% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0291% | 8h | 149.49 | −0.027% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0315% | 8h | 149.46 | −0.046% | $25.1M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0320% | 1h | 149.37 | −0.109% | $388K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTMlong | +0.0353% | 8h | 149.53 | long leg | $262K | $277K | 20x | |
| OKX ORCL-USDT-SWAP | +0.0384% | 8h | 149.50 | −0.020% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.57 | +0.027% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0707% | 8h | 149.50 | −0.020% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0721% | 8h | 149.61 | +0.054% | $47K | $43K | 20x | as long as short |
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
OKX ORCL-USDT-SWAP
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT