Funding you earn now, next payment 10:00 UTC+0.0576%/8h= +63.1% APRpaid last 24h +0.133%
Price spread now: Bybit against Lighter RH+0.040%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days+0.246%+$25 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.040%, 7d avg +0.065%
=Together, before fees+0.302%+ Points / potential airdropLighter RH: Points live · farm board+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.065%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.246% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.246% in total (about 12.8% 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 | Lighter RH ORCL | 149.38 | 0.0088 | pay 0.0011% / 1h | 56m 40s | $607K | $277K | 10x |
| Short | Bybit ORCLUSDT | 149.44 | 0.0664 | get 0.0664% / 8h | 6h 56m | $4.1M | $1.8M | 50x |
Lighter RH ORCL
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $120.94
- Price spread: +0.040% → +0.065%
- −$2.53
- Slippage, 4 orders
- −$33.46
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $73.95
- Costs to cover
- 0.445%
- Break-even
- 2.7 days
Slippage from Lighter RH: live order book, 36 min ago; Bybit: live order book, 1 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, 36 min ago | 0.67 bp | 1.3 bp −$1 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.67 bp | 16.5 bp −$17 | 28.7 bp −$287 | 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 | −0.0336% | 4h | 149.37 | −0.003% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.20 | −0.120% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.43 | +0.033% | $7.7M | $2.5M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.59 | +0.141% | $3K | $2.5M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.067% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.45 | +0.047% | $477K | $59K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.214% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.36 | −0.013% | — | $55K | 25x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.36 | −0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.14 | −0.161% | $715K | $851K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
SoDEX ORCL-USD
Ondo Perps ORCL-USD.PShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0073% | 1h | 149.30 | −0.054% | $131K | $70K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.31 | −0.047% | $1.1M | $1.9M | 10x | as long as short |
| Lighter RH ORCLlong | +0.0088% | 1h | 149.38 | long leg | $607K | $277K | 10x | |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.41 | +0.020% | $242K | $356K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.22 | −0.107% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.36 | −0.013% | $190 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0141% | 1h | 149.16 | −0.150% | $88K | $22K | 10x | as long as short |
| Variational Omni ORCL | +0.0155% | 8h | 149.36 | −0.015% | $1.2M | $416K | — | as long as short |
| OKX ORCL-USDT-SWAP | +0.0205% | 8h | 149.35 | −0.020% | $5.0M | $6.0M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.33 | −0.034% | $388K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0265% | 8h | 149.38 | 0.000% | $25.2M | $35.8M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0280% | 8h | 149.35 | −0.020% | $1K | $144K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0285% | 1h | 149.28 | −0.067% | $21.8M | $6.8M | 10x | as long as short |
| Gate ORCL_USDT | +0.0313% | 8h | 149.52 | +0.094% | $2.3M | $2.8M | 25x | as long as short |
| Arcus ORCL-USD | +0.0415% | 1h | 149.31 | −0.047% | $86K | $79K | 10x | as long as short |
| Phoenix ORCL | +0.0537% | 1h | 149.30 | −0.054% | $153K | $72K | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0664% | 8h | 149.44 | +0.040% | $4.1M | $1.8M | 50x | |
| BloFin ORCL-USDT | +0.0705% | 8h | 149.34 | −0.027% | $48K | $45K | 20x | as long as short |
Polymarket Perps ORCL-USD
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
Variational Omni ORCL
OKX ORCL-USDT-SWAP
Extended ORCL_24_5-USD
Binance ORCLUSDT
GRVT ORCL_USDT_Perp
tradeXYZ xyz:ORCL
Gate ORCL_USDT
Arcus ORCL-USD
Phoenix ORCL
BloFin ORCL-USDT