Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.007%
Price spread now: Lighter against Polymarket Perps+0.114%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$480.475% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.114%, 7d avg +0.087%
=Together, before fees−0.034%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.026% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.087%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ORCL-USD | 149.35 | 0.0050 | pay 0.0006% / 1h | 22m 05s | $131K | $91K | 10x |
| Short | Lighter ORCL | 149.52 | 0.0032 | get 0.0004% / 1h | 22m 05s | $474K | $50K | 10x |
Polymarket Perps ORCL-USD
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- −$3.78
- Price spread: +0.114% → +0.087%
- $2.64
- Slippage, 4 orders
- −$39.51
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.64
- Costs to cover
- 0.475%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 50 min ago; Lighter: live order book, 43 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 Polymarket Perps live order book, 50 min ago | 2.35 bp | 7.7 bp −$8 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 43 min ago | 4.01 bp | 16.7 bp −$17 | 23.4 bp −$234 | 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 | −0.0689% | 4h | 149.56 | +0.142% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.46 | +0.076% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.69 | +0.228% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.64 | +0.194% | $52K | $22K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.52 | +0.114% | $474K | $50K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.43 | +0.054% | $622K | $323K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.194% | $20K | $12K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.42 | +0.047% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USDlong | +0.0050% | 1h | 149.35 | long leg | $131K | $91K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.41 | +0.040% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.40 | +0.033% | $703K | $698K | 10x | as long as short |
| Nado ORCL-PERP | +0.0065% | 1h | 149.32 | −0.018% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.43 | +0.054% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.48 | +0.087% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.38 | +0.020% | $190 | — | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0106% | 1h | 149.31 | −0.027% | $21.5M | $6.7M | 10x | as long as short |
| Variational Omni ORCL | +0.0178% | 8h | 149.67 | +0.211% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0210% | 8h | 149.49 | +0.094% | $2.3M | $2.9M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0224% | 1h | 149.40 | +0.034% | $388K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0225% | 8h | 149.43 | +0.055% | $25.1M | $35.0M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0300% | 8h | 149.53 | +0.121% | $261K | $256K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0323% | 8h | 149.44 | +0.060% | $4.8M | $5.5M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0344% | 8h | 149.60 | +0.167% | $1K | $181K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0417% | 8h | 149.52 | +0.114% | $7.6M | $4.0M | 20x | as long as short |
| Arcus ORCL-USD | +0.0467% | 1h | 149.44 | +0.060% | $87K | $79K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0623% | 8h | 149.77 | +0.281% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0632% | 8h | 149.53 | +0.121% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCL | +0.0697% | 1h | 149.35 | 0.000% | $153K | $84K | 10x | as long as short |
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
tradeXYZ xyz:ORCL
Variational Omni ORCL
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
GRVT ORCL_USDT_Perp
Bitget ORCLUSDT
Arcus ORCL-USD
BloFin ORCL-USDT
Bybit ORCLUSDT
Phoenix ORCL