Funding you earn now, next payment 04:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.027%
Price spread now: Variational Omni against Lighter RH−0.035%7-day average +0.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.035%, 7d avg +0.068%
=Together, before fees+0.188%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.104% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.068%). If the spread goes back, that is −$10 on $10k: about 38 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.011% in total) that is about 34 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.011% in total (about 1.1% 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 | 149.84 | 0.0032 | pay 0.0004% / 1h | 8m 41s | $625K | $314K | 10x |
| Short | Variational Omni ORCL | 149.79 | 0.0250 | get 0.0250% / 8h | 4h 08m | $1.3M | $363K | — |
Lighter RH ORCL
Variational Omni ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $45.82
- Price spread: −0.035% → +0.068%
- −$10.35
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $35.47
- Costs to cover
- 0.000%
- Break-even
- 1.6 days
Slippage unknown: Lighter RH: live order book, 49 min ago; Variational Omni: RFQ quote, just now. 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, 49 min ago | 2.01 bp | 2.9 bp −$3 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 3.04 bp | doesn't fit | 14.2 bp −$142 | 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 | −0.0796% | 4h | 149.79 | −0.032% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.71 | −0.086% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.09 | +0.167% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.84 | 0.000% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.89 | +0.033% | $475K | $51K | 10x | as long as short |
| Lighter RH ORCLlong | +0.0032% | 1h | 149.84 | long leg | $625K | $314K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.521% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.74 | −0.067% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.87 | +0.020% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.71 | −0.087% | $21.7M | $6.8M | 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
tradeXYZ xyz:ORCLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORCLUSDT | +0.0050% | 8h | 149.90 | +0.040% | $7.7M | $3.9M | 20x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.80 | −0.027% | $132K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.85 | +0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.69 | −0.100% | $708K | $716K | 10x | as long as short |
| Nado ORCL-PERP | +0.0059% | 1h | 149.71 | −0.085% | $91K | $20K | 10x | as long as short |
| QFEX ORCL-USD | +0.0080% | 1h | 149.83 | −0.007% | $1.1M | $2.2M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.72 | −0.080% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.84 | 0.000% | $191 | — | 10x | as long as short |
| Variational Omni ORCLshort | +0.0250% | 8h | 149.79 | −0.035% | $1.3M | $363K | — | |
| GRVT ORCL_USDT_Perp | +0.0252% | 8h | 149.85 | +0.004% | $2K | $177K | 10x | as long as short |
| Gate ORCL_USDT | +0.0287% | 8h | 149.93 | +0.060% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0328% | 1h | 149.84 | −0.002% | $390K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0329% | 8h | 149.87 | +0.022% | $25.2M | $35.4M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0375% | 8h | 149.90 | +0.040% | $262K | $276K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0399% | 8h | 149.92 | +0.053% | $5.0M | $5.8M | 20x | as long as short |
| Phoenix ORCL | +0.0481% | 1h | 149.77 | −0.047% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0753% | 8h | 149.96 | +0.080% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0755% | 8h | 149.95 | +0.073% | $47K | $43K | 20x | as long as short |
Bitget ORCLUSDT
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT