ORCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.052%

Price spread now: Extended against Lighter RH−0.046%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Lighter RH Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.046%, 7d avg +0.024%

Together, before fees+0.172%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.069% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.024%). If the spread goes back, that is −$7 on $10k: about 19 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.107% in total) that is about 4.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 per $10,000. 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	149.47	0.0032	pay 0.0004% / 1h	39m 38s	$623K	$315K	10x
Short	Extended ORCL_24_5-USD	149.40	0.0320	get 0.0040% / 1h	39m 38s	$390K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 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 Lighter RHbpFee ExtendedbpOrdersPrice spread, now −0.046%Rate

Funding earned: $60.48
Price spread: −0.046% → +0.024%: −$6.93
Slippage, 4 orders: −$16.45
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $32.09
Costs to cover: 0.215%
Break-even: 3.3 days

Slippage from Lighter RH: live order book, 13 min ago; Extended: live order book, 4 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, 13 min ago	1.34 bp	2.3 bp −$2	9.6 bp −$96	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.34 bp	8.2 bp −$8	65.0 bp −$650	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	−0.0948%	4h	149.56	+0.057%	$28K	$213K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.37	−0.065%	$94K	$16K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	149.56	+0.060%	$7.7M	$3.8M	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.72	+0.167%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.82	+0.234%	$52K	$24K	20x	as long as short
Nado ORCL-PERP	+0.0031%	1h	149.44	−0.022%	$91K	$20K	10x	as long as short
Lighter ORCL	+0.0032%	1h	149.54	+0.047%	$474K	$51K	10x	as long as short
Lighter RH ORCLlong	+0.0032%	1h	149.47	long leg	$623K	$315K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.274%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.48	+0.007%	$87K	$79K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ORCL-USD-PERP	+0.0046%	1h	149.57	+0.067%	—	$67K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	149.35	−0.080%	$21.6M	$6.8M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.46	−0.007%	$131K	$90K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.50	+0.020%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	149.55	+0.054%	$703K	$724K	10x	as long as short
QFEX ORCL-USD	+0.0067%	1h	149.45	−0.013%	$1.1M	$2.1M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.57	+0.067%	$22K	$262K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	149.50	+0.020%	$190	—	10x	as long as short
GRVT ORCL_USDT_Perp	+0.0210%	8h	149.53	+0.042%	$2K	$177K	10x	as long as short
Variational Omni ORCL	+0.0242%	8h	149.52	+0.036%	$1.3M	$363K	—	as long as short
Gate ORCL_USDT	+0.0294%	8h	149.51	+0.027%	$2.3M	$3.0M	25x	as long as short
Binance ORCLUSDT	+0.0319%	8h	149.45	−0.015%	$25.1M	$35.4M	20x	as long as short
Extended ORCL_24_5-USDshort	+0.0320%	1h	149.40	−0.046%	$390K	$1.3M	10x
KuCoin ORCLUSDTM	+0.0355%	8h	149.61	+0.094%	$261K	$278K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0384%	8h	149.50	+0.020%	$5.0M	$5.8M	20x	as long as short
Phoenix ORCL	+0.0535%	1h	149.57	+0.067%	$153K	$75K	10x	as long as short
Bybit ORCLUSDT	+0.0711%	8h	149.52	+0.033%	$4.1M	$1.8M	50x	as long as short
BloFin ORCL-USDT	+0.0749%	8h	149.67	+0.134%	$47K	$43K	20x	as long as short