Funding you earn now, next payment 02:00 UTC+0.0504%/8h= +55.2% APRnext payment +$0.63 per $10,000 · paid last 24h +0.144%
Price spread now: Phoenix against Lighter−0.067%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs+$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.769%+$77 on $10k
+Price spread, last 4 days (all we have)+0.320%+$32 · spread now −0.067%, 7d avg −0.085%
=Together, before fees+1.090%+ Points / potential airdropLighter: Season 3 · farm board+$109 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.085%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ORCL | 149.70 | 0.0032 | pay 0.0004% / 1h | 1m 06s | $474K | $51K | 10x |
| Short | Phoenix ORCL | 149.60 | 0.0536 | get 0.0067% / 1h | 1m 06s | $153K | $75K | 10x |
Lighter ORCL
Phoenix ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. 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
- $105.85
- Price spread: −0.067% → −0.085%
- $1.83
- Slippage, 4 orders
- −$44.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $55.91
- Costs to cover
- 0.518%
- Break-even
- 3.3 days
Slippage from Lighter: live order book, 54 min ago; Phoenix: live order book, 55 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 Lighter live order book, 54 min ago | 6.36 bp | 7.0 bp −$7 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 55 min ago | 2.68 bp | 10.2 bp −$10 | 21.3 bp −$213 | 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 | +0.016% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.54 | −0.108% | $94K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.95 | +0.167% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.72 | +0.013% | $52K | $23K | 20x | as long as short |
| Lighter ORCLlong | +0.0032% | 1h | 149.70 | long leg | $474K | $51K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.70 | 0.000% | $623K | $318K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.428% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.60 | −0.067% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.63 | −0.047% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.57 | −0.087% | $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 | 149.62 | −0.053% | $131K | $90K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.69 | −0.007% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.43 | −0.180% | $703K | $727K | 10x | as long as short |
| QFEX ORCL-USD | +0.0059% | 1h | 149.67 | −0.020% | $1.1M | $2.4M | 10x | as long as short |
| Bitget ORCLUSDT | +0.0082% | 8h | 149.78 | +0.053% | $7.7M | $4.0M | 20x | as long as short |
| Nado ORCL-PERP | +0.0098% | 1h | 149.53 | −0.114% | $92K | $18K | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.69 | −0.007% | $22K | $265K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.71 | +0.007% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0146% | 8h | 149.78 | +0.053% | $2.3M | $2.9M | 25x | as long as short |
| Variational Omni ORCL | +0.0229% | 8h | 149.71 | +0.004% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0260% | 8h | 149.72 | +0.013% | $2K | $178K | 10x | as long as short |
| Binance ORCLUSDT | +0.0301% | 8h | 149.74 | +0.027% | $25.1M | $35.6M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0304% | 1h | 149.69 | −0.007% | $390K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0377% | 8h | 149.79 | +0.060% | $262K | $277K | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0383% | 8h | 149.70 | 0.000% | $4.9M | $5.6M | 20x | as long as short |
| Phoenix ORCLshort | +0.0536% | 1h | 149.60 | −0.067% | $153K | $75K | 10x | |
| Bybit ORCLUSDT | +0.0671% | 8h | 149.83 | +0.087% | $3.9M | $1.7M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0671% | 8h | 149.84 | +0.094% | $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
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
OKX ORCL-USDT-SWAP
Bybit ORCLUSDT
BloFin ORCL-USDT