Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0353%/8h= −38.7% APRpaid last 24h −0.038%

Price spread now: Lighter RH against KuCoin+0.020%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1781.785% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.020%, 7d avg −0.067%

Together, before fees−0.374%+ Points / potential airdropLighter RH: Points live · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.087% dearer against KuCoin than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.067%): +$9 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.168% in total) that is about 3.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.8% 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	KuCoin ORCLUSDTM	149.76	0.0385	pay 0.0385% / 8h	4h 33m	$262K	$275K	20x
Short	Lighter RH ORCL	149.79	0.0032	get 0.0004% / 1h	33m 24s	$625K	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$74.13
Price spread: +0.020% → −0.067%: $8.73
Slippage, 4 orders: −$166.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$243.87
Costs to cover: 1.785%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; Lighter RH: live order book, 24 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, 48 min ago	6.68 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 24 min ago	2.01 bp	4.4 bp −$4	10.0 bp −$100	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	−0.0719%	4h	149.78	+0.016%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.61	−0.098%	$94K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	150.05	+0.194%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.87	+0.073%	$52K	$24K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.80	+0.027%	$475K	$51K	10x	as long as short
Lighter RH ORCLshort	+0.0032%	1h	149.79	+0.020%	$625K	$313K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.467%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.67	−0.060%	$87K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.81	+0.033%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.75	−0.007%	$131K	$90K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ORCL-USD	+0.0050%	1h	149.79	+0.020%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.61	−0.100%	$703K	$718K	10x	as long as short
Bitget ORCLUSDT	+0.0054%	8h	149.90	+0.093%	$7.7M	$3.9M	20x	as long as short
Nado ORCL-PERP	+0.0066%	1h	149.63	−0.084%	$91K	$20K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0072%	1h	149.68	−0.053%	$21.6M	$6.8M	10x	as long as short
QFEX ORCL-USD	+0.0080%	1h	149.78	+0.013%	$1.1M	$2.3M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.85	+0.060%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.79	+0.020%	$191	—	10x	as long as short
Gate ORCL_USDT	+0.0200%	8h	149.87	+0.073%	$2.3M	$2.9M	25x	as long as short
Variational Omni ORCL	+0.0243%	8h	149.78	+0.016%	$1.3M	$363K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0270%	8h	149.81	+0.033%	$2K	$177K	10x	as long as short
Extended ORCL_24_5-USD	+0.0320%	1h	149.79	+0.022%	$388K	$1.3M	10x	as long as short
Binance ORCLUSDT	+0.0322%	8h	149.83	+0.047%	$25.1M	$35.7M	20x	as long as short
KuCoin ORCLUSDTMlong	+0.0385%	8h	149.76	long leg	$262K	$275K	20x
OKX ORCL-USDT-SWAP	+0.0402%	8h	149.84	+0.053%	$5.0M	$5.7M	20x	as long as short
Phoenix ORCL	+0.0481%	1h	149.74	−0.013%	$153K	$75K	10x	as long as short
Bybit ORCLUSDT	+0.0764%	8h	149.93	+0.114%	$4.1M	$1.8M	50x	as long as short
BloFin ORCL-USDT	+0.0774%	8h	149.93	+0.114%	$47K	$43K	20x	as long as short