Settings8H · net · $10k
Funding arb · Price arb /

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.006%
Price spread now: Ondo Perps against Lighter−0.180%7-day average −0.135% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.067%−$7 on $10k
Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.180%, 7d avg −0.135%
Together, before fees−0.042%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.045% cheaper against Lighter than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of −0.135%). If the spread goes back, that is −$4 on $10k: about 8.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ORCL149.830.0032pay 0.0004% / 1h4m 07s$475K$51K10x
ShortOndo Perps ORCL-USD.P149.560.0050get 0.0006% / 1h4m 07s$704K$797K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. 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
$3.86
Price spread: −0.180% → −0.135%
−$4.49
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$5.63
Costs to cover
0.050%
Break-even
17.2 days
Slippage unknown: Lighter: live order book, 41 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 41 min ago5.01 bp18.0 bp −$1820.8 bp −$208doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0308%4h149.63−0.133%$28K$214K10xas long as short
Aster ORCLUSDT0.0000%8h149.85+0.010%$94K$16K20xas long as short
Bitget ORCLUSDT0.0000%8h149.91+0.053%$7.7M$3.8M20xas long as short
SunX ORCL-USDT0.0000%8h150.07+0.160%$2K$2.7M10xas long as short
HTX ORCL-USDT0.0000%8h149.82−0.007%$52K$24K20xas long as short
Lighter ORCLlong+0.0032%1h149.83long leg$475K$51K10x
Lighter RH ORCL+0.0032%1h149.80−0.020%$625K$317K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06−0.514%$20K$12K12xas long as short
Arcus ORCL-USD+0.0040%1h149.67−0.107%$87K$79K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.82−0.007%$67K25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:ORCL+0.0050%1h149.67−0.107%$21.7M$6.8M10xas long as short
Polymarket Perps ORCL-USD+0.0050%1h149.75−0.053%$131K$91K10xas long as short
SoDEX ORCL-USD+0.0050%1h149.81−0.013%$30K$3K10xas long as short
Ondo Perps ORCL-USD.Pshort+0.0050%1h149.56−0.180%$704K$797K10x
QFEX ORCL-USD+0.0067%1h149.78−0.033%$1.1M$2.1M10xas long as short
Nado ORCL-PERP+0.0069%1h149.66−0.114%$88K$22K10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.74−0.060%$22K$263K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.78−0.033%$19110xas long as short
GRVT ORCL_USDT_Perp+0.0191%8h149.74−0.059%$1K$175K10xas long as short
Variational Omni ORCL+0.0234%8h149.82−0.007%$1.3M$363Kas long as short
Extended ORCL_24_5-USD+0.0312%1h149.80−0.019%$388K$1.1M10xas long as short
Binance ORCLUSDT+0.0313%8h149.84+0.008%$25.1M$35.6M20xas long as short
Gate ORCL_USDT+0.0328%8h149.90+0.047%$2.3M$3.0M25xas long as short
KuCoin ORCLUSDTM+0.0332%8h149.80−0.020%$261K$277K20xas long as short
OKX ORCL-USDT-SWAP+0.0355%8h149.82−0.007%$5.0M$5.9M20xas long as short
Phoenix ORCL+0.0535%1h149.59−0.160%$153K$75K10xas long as short
BloFin ORCL-USDT+0.0656%8h149.86+0.020%$47K$43K20xas long as short
Bybit ORCLUSDT+0.0681%8h149.90+0.047%$4.1M$1.8M50xas long as short