Funding you earn now, next payment 03:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.057%
Price spread now: OKX against Lighter RH+0.020%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.020%, 7d avg +0.059%
=Together, before fees+0.173%+ Points / potential airdropLighter RH: Points live · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.039% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.059%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.104% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% 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 | 149.39 | 0.0032 | pay 0.0004% / 1h | 25m 17s | $621K | $318K | 10x |
| Short | OKX ORCL-USDT-SWAP | 149.42 | 0.0339 | get 0.0339% / 8h | 5h 25m | $4.9M | $5.5M | 20x |
Lighter RH ORCL
OKX ORCL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $64.51
- Price spread: +0.020% → +0.059%
- −$3.88
- Slippage, 4 orders
- −$15.36
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $35.27
- Costs to cover
- 0.254%
- Break-even
- 3.2 days
Slippage from Lighter RH: live order book, 37 min ago; OKX: live order book, 2 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, 37 min ago | 1.67 bp | 3.6 bp −$4 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.34 bp | 10.4 bp −$10 | 26.0 bp −$260 | 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 | −0.0327% | 4h | 149.36 | −0.019% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.24 | −0.101% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.65 | +0.174% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.32 | −0.047% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.46 | +0.047% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCLlong | +0.0032% | 1h | 149.39 | long leg | $621K | $318K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.221% | $20K | $12K | 12x | as long as short |
| Bitget ORCLUSDT | +0.0040% | 8h | 149.47 | +0.054% | $7.7M | $4.0M | 20x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.32 | −0.047% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.39 | 0.000% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Bitget ORCLUSDT
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 | 149.29 | −0.067% | $21.5M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.35 | −0.027% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.40 | +0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.24 | −0.100% | $698K | $723K | 10x | as long as short |
| Gate ORCL_USDT | +0.0055% | 8h | 149.47 | +0.054% | $2.3M | $2.9M | 25x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.38 | −0.007% | $1.1M | $2.6M | 10x | as long as short |
| Nado ORCL-PERP | +0.0073% | 1h | 149.25 | −0.094% | $92K | $18K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.41 | +0.013% | $22K | $267K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.41 | +0.013% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0164% | 8h | 149.39 | 0.000% | $2K | $179K | 10x | as long as short |
| Variational Omni ORCL | +0.0184% | 8h | 149.41 | +0.016% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.37 | −0.014% | $387K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0257% | 8h | 149.41 | +0.013% | $24.9M | $35.4M | 20x | as long as short |
| OKX ORCL-USDT-SWAPshort | +0.0339% | 8h | 149.42 | +0.020% | $4.9M | $5.5M | 20x | |
| KuCoin ORCLUSDTM | +0.0343% | 8h | 149.54 | +0.100% | $260K | $268K | 20x | as long as short |
| Phoenix ORCL | +0.0536% | 1h | 149.27 | −0.080% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0561% | 8h | 149.52 | +0.087% | $3.7M | $1.5M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0577% | 8h | 149.48 | +0.060% | $47K | $43K | 20x | as long as short |
tradeXYZ xyz:ORCL
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Gate ORCL_USDT
QFEX ORCL-USD
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT