Funding you earn now, next payment 02:00 UTC+0.0290%/8h= +31.8% APRpaid last 24h +0.058%
Price spread now: OKX against Lighter−0.027%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.027%, 7d avg −0.026%
=Together, before fees+0.022%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% 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 | Lighter ORCL | 149.27 | 0.0032 | pay 0.0004% / 1h | 37m 44s | $473K | $50K | 10x |
| Short | OKX ORCL-USDT-SWAP | 149.23 | 0.0322 | get 0.0322% / 8h | 6h 37m | $4.9M | $5.6M | 20x |
Lighter ORCL
OKX ORCL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Lighter. 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
- $60.91
- Price spread: −0.027% → −0.026%
- −$0.08
- Slippage, 4 orders
- −$38.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $12.19
- Costs to cover
- 0.486%
- Break-even
- 5.6 days
Slippage from Lighter: live order book, 22 min ago; OKX: live order book, 5 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 Lighter live order book, 22 min ago | 5.34 bp | 6.7 bp −$7 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.34 bp | 11.9 bp −$12 | 21.9 bp −$219 | 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 | −0.0054% | 4h | 149.31 | +0.029% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.29 | +0.014% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.37 | +0.067% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.35 | +0.054% | $52K | $23K | 20x | as long as short |
| Lighter ORCLlong | +0.0032% | 1h | 149.27 | long leg | $473K | $50K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.19 | −0.054% | $621K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.141% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.16 | −0.074% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.17 | −0.067% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.09 | −0.121% | $131K | $90K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.15 | −0.080% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.02 | −0.167% | $710K | $679K | 10x | as long as short |
| Nado ORCL-PERP | +0.0056% | 1h | 149.05 | −0.144% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.10 | −0.114% | $1.1M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0066% | 1h | 149.09 | −0.121% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.13 | −0.094% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.10 | −0.114% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0149% | 8h | 149.19 | −0.054% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0187% | 8h | 149.26 | −0.004% | $2K | $180K | 10x | as long as short |
| Variational Omni ORCL | +0.0200% | 8h | 149.22 | −0.032% | $1.3M | $363K | — | as long as short |
| Binance ORCLUSDT | +0.0244% | 8h | 149.17 | −0.067% | $24.9M | $35.2M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.09 | −0.118% | $388K | $1.3M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0264% | 8h | 149.26 | −0.007% | $7.6M | $4.0M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0308% | 8h | 149.29 | +0.013% | $260K | $262K | 20x | as long as short |
| OKX ORCL-USDT-SWAPshort | +0.0322% | 8h | 149.23 | −0.027% | $4.9M | $5.6M | 20x | |
| Bybit ORCLUSDT | +0.0496% | 8h | 149.24 | −0.020% | $3.5M | $1.4M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0523% | 8h | 149.45 | +0.121% | $47K | $43K | 20x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.27 | 0.000% | $153K | $75K | 10x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Binance ORCLUSDT
Extended ORCL_24_5-USD
Bitget ORCLUSDT
KuCoin ORCLUSDTM
Bybit ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL