Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.011%
Price spread now: Lighter RH against tradeXYZ+0.087%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.087%, 7d avg +0.045%
=Together, before fees−0.128%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.042% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.045%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:ORCL | 149.57 | 0.0050 | pay 0.0006% / 1h | 0m 46s | $21.6M | $6.8M | 10x |
| Short | Lighter RH ORCL | 149.70 | 0.0032 | get 0.0004% / 1h | 0m 46s | $623K | $318K | 10x |
tradeXYZ xyz:ORCL
Lighter RH ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against tradeXYZ. 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: +0.087% → +0.045%
- $4.19
- Slippage, 4 orders
- −$9.84
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$27.43
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; Lighter RH: live order book, 62 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 tradeXYZ live order book, 8 min ago | 0.33 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 62 min ago | 1.67 bp | 1.7 bp −$2 | 8.8 bp −$88 | 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 | −0.0819% | 4h | 149.72 | +0.103% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.56 | −0.008% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.95 | +0.254% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.72 | +0.100% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.70 | +0.087% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCLshort | +0.0032% | 1h | 149.70 | +0.087% | $623K | $318K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.341% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.60 | +0.020% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.63 | +0.040% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCLlong | +0.0050% | 1h | 149.57 | long leg | $21.6M | $6.8M | 10x |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.62 | +0.033% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.69 | +0.080% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.43 | −0.094% | $703K | $727K | 10x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.67 | +0.067% | $1.1M | $2.4M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0082% | 8h | 149.78 | +0.140% | $7.7M | $4.0M | 20x | as long as short |
| Nado ORCL-PERP | +0.0098% | 1h | 149.53 | −0.027% | $92K | $18K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.69 | +0.080% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.71 | +0.094% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0146% | 8h | 149.78 | +0.140% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0229% | 8h | 149.71 | +0.091% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0260% | 8h | 149.72 | +0.100% | $2K | $178K | 10x | as long as short |
| Binance ORCLUSDT | +0.0303% | 8h | 149.72 | +0.100% | $25.1M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0304% | 1h | 149.71 | +0.091% | $390K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0377% | 8h | 149.79 | +0.147% | $262K | $277K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0383% | 8h | 149.71 | +0.094% | $4.9M | $5.6M | 20x | as long as short |
| Phoenix ORCL | +0.0536% | 1h | 149.60 | +0.020% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0671% | 8h | 149.84 | +0.181% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0674% | 8h | 149.80 | +0.154% | $3.9M | $1.7M | 50x | as long as short |
Polymarket Perps ORCL-USD
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Bitget ORCLUSDT
Nado ORCL-PERP
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT