Funding you earn now, next payment 04:00 UTC−0.0288%/8h= −31.5% APRnext payment −$0.36 per $10,000 · paid last 24h −0.051%
Price spread now: Lighter against Extended−0.043%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.043%, 7d avg +0.060%
=Together, before fees+0.115%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Lighter is 0.103% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. 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 | Extended ORCL_24_5-USD | 149.76 | 0.0320 | pay 0.0040% / 1h | 35m 16s | $388K | $1.3M | 10x |
| Short | Lighter ORCL | 149.70 | 0.0032 | get 0.0004% / 1h | 35m 16s | $474K | $51K | 10x |
Extended ORCL_24_5-USD
Lighter ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$60.48
- Price spread: −0.043% → +0.060%
- −$10.31
- Slippage, 4 orders
- −$52.61
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$128.4
- Costs to cover
- 0.576%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 15 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 Extended live order book, 3 min ago | 1.00 bp | 7.5 bp −$8 | 68.3 bp −$683 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 15 min ago | 5.34 bp | 22.8 bp −$23 | 24.0 bp −$240 | 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 | −0.0373% | 4h | 149.69 | −0.051% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.60 | −0.110% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 150.05 | +0.191% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.79 | +0.017% | $52K | $24K | 20x | as long as short |
| Lighter ORCLshort | +0.0032% | 1h | 149.70 | −0.043% | $474K | $51K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.75 | −0.010% | $624K | $313K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.471% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.63 | −0.090% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.74 | −0.016% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.70 | −0.043% | $131K | $90K | 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
Polymarket Perps ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.78 | +0.010% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.61 | −0.103% | $703K | $718K | 10x | as long as short |
| Bitget ORCLUSDT | +0.0053% | 8h | 149.82 | +0.037% | $7.7M | $3.9M | 20x | as long as short |
| Nado ORCL-PERP | +0.0062% | 1h | 149.60 | −0.112% | $91K | $20K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0066% | 1h | 149.65 | −0.077% | $21.6M | $6.8M | 10x | as long as short |
| QFEX ORCL-USD | +0.0080% | 1h | 149.75 | −0.010% | $1.1M | $2.3M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.75 | −0.010% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.74 | −0.016% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0189% | 8h | 149.80 | +0.024% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0243% | 8h | 149.78 | +0.013% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0262% | 8h | 149.75 | −0.008% | $2K | $177K | 10x | as long as short |
| Binance ORCLUSDT | +0.0317% | 8h | 149.80 | +0.024% | $25.1M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USDlong | +0.0320% | 1h | 149.76 | long leg | $388K | $1.3M | 10x | |
| KuCoin ORCLUSDTM | +0.0384% | 8h | 149.75 | −0.010% | $262K | $275K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0402% | 8h | 149.78 | +0.010% | $5.0M | $5.7M | 20x | as long as short |
| Phoenix ORCL | +0.0481% | 1h | 149.60 | −0.110% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0718% | 8h | 149.87 | +0.070% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0757% | 8h | 149.86 | +0.064% | $4.1M | $1.8M | 50x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Bitget ORCLUSDT
Nado ORCL-PERP
tradeXYZ xyz:ORCL
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT