Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: Orderly against Lighter RH−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.027% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ORCL	149.10	0.0032	pay 0.0004% / 1h	31m 55s	$621K	$316K	10x
Short	Orderly PERP_ORCL_USDC_mythos	149.06	0.0100	get 0.0100% / 8h	31m 55s	$190	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.027%Rate

Funding earned: $14.28
Price spread: −0.027% → 0.000%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.6
Costs to cover: 0.060%
Break-even: 4.3 days

Slippage unknown: Lighter RH: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.

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, 6 min ago	2.35 bp	3.6 bp −$4	8.6 bp −$86	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.076%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.85	+0.505%	$98K	$20K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	149.21	+0.074%	$7.7M	$2.7M	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.34	+0.161%	$3K	$2.7M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.20	+0.067%	$52K	$25K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.11	+0.007%	$476K	$59K	10x	as long as short
Lighter RH ORCLlong	+0.0032%	1h	149.10	long leg	$621K	$316K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.027%	$20K	$9K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.08	−0.013%	$86K	$79K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.14	+0.027%	—	$67K	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ORCL	+0.0050%	1h	148.99	−0.074%	$21.6M	$6.9M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.04	−0.040%	$130K	$82K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	149.09	−0.007%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.90	−0.134%	$698K	$854K	10x	as long as short
Nado ORCL-PERP	+0.0055%	1h	149.05	−0.032%	$88K	$22K	10x	as long as short
QFEX ORCL-USD	+0.0057%	1h	149.12	+0.013%	$1.1M	$2.0M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	149.17	+0.047%	$240K	$274K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.11	+0.007%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythosshort	+0.0100%	8h	149.06	−0.027%	$190	—	10x
Variational Omni ORCL	+0.0170%	8h	149.20	+0.064%	$1.2M	$424K	—	as long as short
GRVT ORCL_USDT_Perp	+0.0188%	8h	149.27	+0.111%	$1K	$156K	10x	as long as short
Gate ORCL_USDT	+0.0199%	8h	149.22	+0.080%	$2.3M	$3.0M	25x	as long as short
OKX ORCL-USDT-SWAP	+0.0234%	8h	149.09	−0.007%	$4.9M	$6.0M	20x	as long as short
Binance ORCLUSDT	+0.0262%	8h	149.09	−0.005%	$24.9M	$36.5M	20x	as long as short
Extended ORCL_24_5-USD	+0.0264%	1h	149.07	−0.021%	$388K	$2.1M	10x	as long as short
Phoenix ORCL	+0.0483%	1h	149.14	+0.027%	$152K	$72K	10x	as long as short
BloFin ORCL-USDT	+0.0556%	8h	149.22	+0.080%	$47K	$44K	20x	as long as short
Bybit ORCLUSDT	+0.0562%	8h	149.10	0.000%	$4.1M	$1.9M	50x	as long as short