Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter−0.067%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.067%, 7d avg −0.088%
=Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.021% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ORCL | 149.51 | 0.0032 | pay 0.0004% / 1h | 45m 11s | $474K | $51K | 10x |
| Short | Polymarket Perps ORCL-USD | 149.41 | 0.0050 | get 0.0006% / 1h | 45m 11s | $131K | $92K | 10x |
Lighter ORCL
Polymarket Perps ORCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $3.78
- Price spread: −0.067% → −0.088%
- $2.08
- Slippage, 4 orders
- −$43.69
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$45.83
- Costs to cover
- 0.517%
- Break-even
- 91.9 days
Slippage from Lighter: live order book, 60 min ago; Polymarket Perps: 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 Lighter live order book, 60 min ago | 5.01 bp | 18.0 bp −$18 | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 2.68 bp | 7.3 bp −$7 | 7.7 bp −$77 | 15.6 bp −$1,557 | 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 | −0.0424% | 4h | 149.47 | −0.029% | $28K | $215K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.57 | +0.041% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.54 | +0.020% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.69 | +0.120% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.63 | +0.080% | $52K | $24K | 20x | as long as short |
| Lighter ORCLlong | +0.0032% | 1h | 149.51 | long leg | $474K | $51K | 10x | |
| Lighter RH ORCL | +0.0032% | 1h | 149.46 | −0.033% | $623K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.301% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.41 | −0.067% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.52 | +0.007% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter RH 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.34 | −0.114% | $21.6M | $6.9M | 10x | as long as short |
| Polymarket Perps ORCL-USDshort | +0.0050% | 1h | 149.41 | −0.067% | $131K | $92K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.45 | −0.040% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.30 | −0.140% | $709K | $788K | 10x | as long as short |
| Nado ORCL-PERP | +0.0056% | 1h | 149.35 | −0.108% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0058% | 1h | 149.47 | −0.027% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.43 | −0.054% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.44 | −0.047% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0182% | 8h | 149.46 | −0.033% | $1K | $175K | 10x | as long as short |
| Variational Omni ORCL | +0.0224% | 8h | 149.40 | −0.074% | $1.3M | $363K | — | as long as short |
| Extended ORCL_24_5-USD | +0.0296% | 1h | 149.43 | −0.053% | $388K | $1.5M | 10x | as long as short |
| Binance ORCLUSDT | +0.0300% | 8h | 149.47 | −0.027% | $25.1M | $35.7M | 20x | as long as short |
| KuCoin ORCLUSDTM | +0.0309% | 8h | 149.58 | +0.047% | $261K | $279K | 20x | as long as short |
| Gate ORCL_USDT | +0.0321% | 8h | 149.52 | +0.007% | $2.3M | $3.0M | 25x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0337% | 8h | 149.45 | −0.040% | $5.0M | $5.9M | 20x | as long as short |
| Phoenix ORCL | +0.0428% | 1h | 149.44 | −0.047% | $153K | $75K | 10x | as long as short |
| BloFin ORCL-USDT | +0.0635% | 8h | 149.49 | −0.013% | $47K | $43K | 20x | as long as short |
| Bybit ORCLUSDT | +0.0662% | 8h | 149.52 | +0.007% | $4.1M | $1.8M | 50x | as long as short |
tradeXYZ xyz:ORCL
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
KuCoin ORCLUSDTM
Gate ORCL_USDT
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT
Bybit ORCLUSDT