Funding you earn now, next payment 02:00 UTC−0.0502%/8h= −55.0% APRpaid last 24h −0.105%
Price spread now: Lighter against Bybit+0.013%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.013%, 7d avg +0.019%
=Together, before fees−0.108%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% 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 | Bybit ORCLUSDT | 149.52 | 0.0534 | pay 0.0534% / 8h | 6h 58m | $3.5M | $1.4M | 50x |
| Short | Lighter ORCL | 149.54 | 0.0032 | get 0.0004% / 1h | 58m 01s | $474K | $50K | 10x |
Bybit ORCLUSDT
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$105.47
- Price spread: +0.013% → +0.019%
- −$0.58
- Slippage, 4 orders
- −$39.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$156.9
- Costs to cover
- 0.509%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 2 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 Bybit live order book, 4 min ago | 1.67 bp | 13.4 bp −$13 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 5.34 bp | 19.2 bp −$19 | 30.9 bp −$309 | 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 | −0.0598% | 4h | 149.48 | −0.025% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.57 | +0.035% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.69 | +0.114% | $2K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.51 | −0.007% | $52K | $22K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.54 | +0.013% | $474K | $50K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.46 | −0.040% | $622K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.308% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.44 | −0.054% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.54 | +0.013% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.38 | −0.094% | $21.5M | $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 | 149.39 | −0.087% | $131K | $91K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.43 | −0.060% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.37 | −0.100% | $703K | $688K | 10x | as long as short |
| Nado ORCL-PERP | +0.0063% | 1h | 149.38 | −0.095% | $92K | $18K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.39 | −0.087% | $1.2M | $2.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.40 | −0.080% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.43 | −0.060% | $190 | — | 10x | as long as short |
| Variational Omni ORCL | +0.0205% | 8h | 149.50 | −0.011% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0248% | 1h | 149.41 | −0.072% | $386K | $1.3M | 10x | as long as short |
| Gate ORCL_USDT | +0.0249% | 8h | 149.49 | −0.020% | $2.3M | $2.9M | 25x | as long as short |
| Binance ORCLUSDT | +0.0252% | 8h | 149.44 | −0.053% | $25.0M | $35.1M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0307% | 8h | 149.61 | +0.060% | $261K | $261K | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0309% | 8h | 149.55 | +0.019% | $2K | $181K | 10x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0317% | 8h | 149.50 | −0.013% | $4.8M | $5.5M | 20x | as long as short |
| Bitget ORCLUSDT | +0.0365% | 8h | 149.54 | +0.013% | $7.6M | $4.0M | 20x | as long as short |
| Bybit ORCLUSDTlong | +0.0534% | 8h | 149.52 | long leg | $3.5M | $1.4M | 50x | |
| BloFin ORCL-USDT | +0.0549% | 8h | 149.53 | +0.007% | $47K | $43K | 20x | as long as short |
| Phoenix ORCL | +0.0697% | 1h | 149.47 | −0.033% | $153K | $72K | 10x | as long as short |
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
Variational Omni ORCL
Extended ORCL_24_5-USD
Gate ORCL_USDT
Binance ORCLUSDT
KuCoin ORCLUSDTM
GRVT ORCL_USDT_Perp
OKX ORCL-USDT-SWAP
Bitget ORCLUSDT
BloFin ORCL-USDT
Phoenix ORCL