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

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.085%
Price spread now: Gate against Lighter RH+0.040%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$510.510% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.251%+$25 on $10k
Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.040%, 7d avg +0.091%
Together, before fees+0.367%+ Points / potential airdropLighter RH: Points live · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.050% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.091%). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ORCL149.320.0032pay 0.0004% / 1h39m 14s$622K$322K10x
ShortGate ORCL_USDT149.380.0241get 0.0241% / 8h1h 39m$2.3M$3.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$43.89
Price spread: +0.040% → +0.091%
−$5.04
Slippage, 4 orders
−$36.01
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$12.16
Costs to cover
0.510%
Break-even
8.9 days
Slippage from Lighter RH: live order book, 3 min ago; Gate: live order book, 4 min ago.

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 RH live order book, 3 min ago3.35 bp4.0 bp −$49.5 bp −$95doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago4.35 bp14.5 bp −$1522.9 bp −$229doesn't fitdoesn't fit

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−0.0446%4h149.40+0.056%$28K$213K10xas long as short
Aster ORCLUSDT0.0000%8h149.19−0.085%$98K$20K20xas long as short
Bitget ORCLUSDT0.0000%8h149.43+0.074%$7.7M$3.8M20xas long as short
SunX ORCL-USDT0.0000%8h149.56+0.161%$3K$2.7M10xas long as short
HTX ORCL-USDT0.0000%8h149.57+0.167%$52K$25K20xas long as short
Lighter ORCL+0.0032%1h149.41+0.060%$475K$52K10xas long as short
Lighter RH ORCLlong+0.0032%1h149.32long leg$622K$322K10x
Injective ORCL/USDC PERP+0.0033%1h149.06−0.174%$20K$9K12xas long as short
Arcus ORCL-USD+0.0040%1h149.31−0.007%$86K$79K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.41+0.060%$67K25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps ORCL-USD+0.0050%1h149.24−0.054%$131K$92K10xas long as short
SoDEX ORCL-USD+0.0050%1h149.33+0.007%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h149.21−0.074%$699K$894K10xas long as short
tradeXYZ xyz:ORCL+0.0053%1h149.20−0.080%$21.6M$6.9M10xas long as short
QFEX ORCL-USD+0.0065%1h149.33+0.007%$1.1M$2.0M10xas long as short
Nado ORCL-PERP+0.0071%1h149.22−0.069%$88K$22K10xas long as short
ApeX Omni ORACLEUSDT+0.0100%1h149.30−0.013%$22K$263K50xas long as short
Orderly PERP_ORCL_USDC_mythos+0.0100%8h149.27−0.033%$19010xas long as short
KuCoin ORCLUSDTM+0.0165%8h149.34+0.013%$240K$281K20xas long as short
GRVT ORCL_USDT_Perp+0.0169%8h149.42+0.068%$1K$163K10xas long as short
Variational Omni ORCL+0.0175%8h149.40+0.053%$1.2M$423Kas long as short
Gate ORCL_USDTshort+0.0241%8h149.38+0.040%$2.3M$3.0M25x
OKX ORCL-USDT-SWAP+0.0263%8h149.33+0.007%$4.9M$6.0M20xas long as short
Extended ORCL_24_5-USD+0.0264%1h149.28−0.027%$388K$1.6M10xas long as short
Binance ORCLUSDT+0.0265%8h149.32−0.001%$24.9M$36.8M20xas long as short
Phoenix ORCL+0.0429%1h149.35+0.020%$153K$75K10xas long as short
BloFin ORCL-USDT+0.0578%8h149.39+0.047%$47K$44K20xas long as short
Bybit ORCLUSDT+0.0597%8h149.34+0.013%$4.1M$1.9M50xas long as short