Funding you earn now, next payment 08:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h +0.053%
Price spread now: Binance against Lighter RH−0.014%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)+0.325%+$33 · spread now −0.014%, 7d avg +0.055%
=Together, before fees+0.423%+ Points / potential airdropLighter RH: Points live · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.069% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.055%). If the spread goes back, that is −$7 on $10k: about 25 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.097% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.1% 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 RH ORCL | 149.21 | 0.0040 | pay 0.0005% / 1h | 33m 50s | $622K | $316K | 10x |
| Short | Binance ORCLUSDT | 149.19 | 0.0263 | get 0.0263% / 8h | 33m 50s | $24.9M | $36.4M | 20x |
Lighter RH ORCL
Binance ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter RH. 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
- $46.79
- Price spread: −0.014% → +0.055%
- −$6.91
- Slippage, 4 orders
- −$14.05
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $15.83
- Costs to cover
- 0.241%
- Break-even
- 4.6 days
Slippage from Lighter RH: live order book, 4 min ago; Binance: live order book, 8 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 RH live order book, 4 min ago | 2.35 bp | 3.6 bp −$4 | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.34 bp | 8.6 bp −$9 | 19.6 bp −$196 | 94.4 bp −$9,436 | 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 | −0.0538% | 4h | 149.21 | +0.002% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.87 | +0.444% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.32 | +0.074% | $7.7M | $2.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.47 | +0.174% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.32 | +0.074% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.24 | +0.020% | $477K | $59K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.101% | $20K | $9K | 12x | as long as short |
| Lighter RH ORCLlong | +0.0040% | 1h | 149.21 | long leg | $622K | $316K | 10x | |
| Arcus ORCL-USD | +0.0040% | 1h | 149.12 | −0.060% | $86K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.21 | 0.000% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.08 | −0.087% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.13 | −0.054% | $131K | $82K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.17 | −0.027% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.99 | −0.147% | $698K | $854K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.15 | −0.040% | $1.1M | $2.0M | 10x | as long as short |
| Nado ORCL-PERP | +0.0058% | 1h | 149.05 | −0.104% | $88K | $22K | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.24 | +0.020% | $240K | $273K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.13 | −0.054% | $22K | $264K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.18 | −0.020% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0170% | 8h | 149.20 | −0.009% | $1.2M | $424K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0188% | 8h | 149.22 | +0.009% | $1K | $159K | 10x | as long as short |
| Gate ORCL_USDT | +0.0199% | 8h | 149.29 | +0.054% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0238% | 8h | 149.17 | −0.027% | $4.9M | $6.0M | 20x | as long as short |
| Binance ORCLUSDTshort | +0.0263% | 8h | 149.19 | −0.014% | $24.9M | $36.4M | 20x | |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.16 | −0.034% | $388K | $2.1M | 10x | as long as short |
| Phoenix ORCL | +0.0483% | 1h | 149.14 | −0.047% | $152K | $72K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0551% | 8h | 149.29 | +0.054% | $47K | $44K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0565% | 8h | 149.22 | +0.007% | $4.2M | $1.9M | 50x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT