Funding you earn now, next payment 01:00 UTC+0.0503%/8h= +55.1% APRnext payment +$0.63 per $10,000 · paid last 24h +0.142%
Price spread now: Phoenix against Lighter RH−0.040%75s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs+$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.266% of the position
Funding, last 7 days+0.870%+$87 on $10k
+Price spread, last 4 days (all we have)+0.629%+$63 · spread now −0.040%, 7d avg −0.001%
=Together, before fees+1.499%+ Points / potential airdropLighter RH: Points live · farm board+$150 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.039% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.001%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$15 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ORCL | 149.17 | 0.0032 | pay 0.0004% / 1h | 34m 01s | $621K | $317K | 10x |
| Short | Phoenix ORCL | 149.11 | 0.0535 | get 0.0067% / 1h | 34m 01s | $152K | $75K | 10x |
Lighter RH ORCL
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $105.62
- Price spread: −0.040% → −0.001%
- −$3.93
- Slippage, 4 orders
- −$19.58
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $75.12
- Costs to cover
- 0.266%
- Break-even
- 2.0 days
Slippage from Lighter RH: live order book, 33 min ago; Phoenix: live order book, 27 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, 33 min ago | 1.67 bp | 2.4 bp −$2 | 5.4 bp −$54 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 27 min ago | 2.67 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
ORCL on 27 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 | −0.0544% | 4h | 149.18 | +0.005% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.29 | +0.083% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.37 | +0.134% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.39 | +0.147% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.27 | +0.067% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCLlong | +0.0032% | 1h | 149.17 | long leg | $621K | $317K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.074% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.12 | −0.034% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.19 | +0.013% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.09 | −0.054% | $131K | $90K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.16 | −0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 148.99 | −0.121% | $710K | $679K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.11 | −0.040% | $1.1M | $2.8M | 10x | as long as short |
| Nado ORCL-PERP | +0.0057% | 1h | 149.09 | −0.051% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0061% | 1h | 149.07 | −0.067% | $21.5M | $6.7M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.19 | +0.013% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.12 | −0.034% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0139% | 8h | 149.22 | +0.034% | $2.3M | $2.9M | 25x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0171% | 8h | 149.21 | +0.027% | $2K | $180K | 10x | as long as short |
| Variational Omni ORCL | +0.0193% | 8h | 149.14 | −0.019% | $1.3M | $363K | — | as long as short |
| Bitget ORCLUSDT | +0.0234% | 8h | 149.24 | +0.047% | $7.6M | $4.0M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0240% | 1h | 149.05 | −0.080% | $388K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0242% | 8h | 149.15 | −0.010% | $24.9M | $35.2M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0308% | 8h | 149.27 | +0.067% | $260K | $261K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0323% | 8h | 149.05 | −0.080% | $4.9M | $5.6M | 20x | as long as short |
| Bybit ORCLUSDT | +0.0481% | 8h | 149.17 | 0.000% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCLshort | +0.0535% | 1h | 149.11 | −0.040% | $152K | $75K | 10x |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Bitget ORCLUSDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT