Funding you earn now, next payment 03:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.028%
Price spread now: Lighter against Variational Omni−0.004%7-day average +0.016% · 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)−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.205%+$21 · spread now −0.004%, 7d avg +0.016%
=Together, before fees+0.197%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.020% cheaper against Variational Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.008% in total (about -0.9% 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 | Variational Omni ORCL | 149.71 | 0.0219 | pay 0.0219% / 8h | 5h 02m | $1.3M | $363K | — |
| Short | Lighter ORCL | 149.70 | 0.0032 | get 0.0004% / 1h | 2m 28s | $474K | $51K | 10x |
Variational Omni ORCL
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- −$39.33
- Price spread: −0.004% → +0.016%
- −$2.01
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$41.34
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Lighter: live order book, 52 min ago. 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 Variational Omni RFQ quote, 2 min ago | 3.74 bp | doesn't fit | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 52 min ago | 6.36 bp | 24.4 bp −$24 | 32.2 bp −$322 | 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 | +0.012% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.53 | −0.119% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.94 | +0.156% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.82 | +0.076% | $52K | $23K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.70 | −0.004% | $474K | $51K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.69 | −0.011% | $623K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.431% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.60 | −0.071% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.64 | −0.044% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.56 | −0.097% | $21.6M | $6.8M | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.63 | −0.051% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.69 | −0.011% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.43 | −0.184% | $703K | $727K | 10x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.67 | −0.024% | $1.1M | $2.4M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0081% | 8h | 149.78 | +0.050% | $7.7M | $4.0M | 20x | as long as short |
| Nado ORCL-PERP | +0.0097% | 1h | 149.53 | −0.119% | $92K | $18K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.77 | +0.043% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.70 | −0.004% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0142% | 8h | 149.73 | +0.016% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCLlong | +0.0219% | 8h | 149.71 | long leg | $1.3M | $363K | — | |
| GRVT ORCL_USDT_Perp | +0.0254% | 8h | 149.74 | +0.024% | $2K | $178K | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0296% | 1h | 149.68 | −0.016% | $390K | $1.3M | 10x | as long as short |
| Binance ORCLUSDT | +0.0297% | 8h | 149.72 | +0.012% | $25.1M | $35.5M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0376% | 8h | 149.80 | +0.063% | $262K | $276K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0381% | 8h | 149.71 | +0.003% | $4.9M | $5.6M | 20x | as long as short |
| Phoenix ORCL | +0.0536% | 1h | 149.61 | −0.064% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0665% | 8h | 149.80 | +0.063% | $3.9M | $1.7M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0680% | 8h | 149.79 | +0.056% | $47K | $43K | 20x | 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
GRVT ORCL_USDT_Perp
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT