Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h +0.060%

Price spread now: Bitget against Lighter RH+0.027%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now +0.027%, 7d avg +0.106%

Together, before fees+0.276%+ Points / potential airdropLighter RH: Points live · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.079% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.106%). If the spread goes back, that is −$8 on $10k: about 24 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.104% in total) that is about 5.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% 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	Lighter RH ORCL	148.85	0.0032	pay 0.0004% / 1h	23m 40s	$619K	$462K	10x
Short	Bitget ORCLUSDT	148.89	0.0296	get 0.0296% / 8h	1h 23m	$7.4M	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: $55.44
Price spread: +0.027% → +0.106%: −$7.93
Slippage, 4 orders: −$23.02
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $12.49
Costs to cover: 0.350%
Break-even: 5.4 days

Slippage from Lighter RH: live order book, 59 min ago; Bitget: live order book, 5 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 RH live order book, 59 min ago	2.02 bp	2.9 bp −$3	7.1 bp −$71	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.01 bp	13.0 bp −$13	23.3 bp −$233	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	−0.0872%	4h	148.91	+0.039%	$28K	$213K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.93	+0.053%	$93K	$16K	20x	as long as short
Gate ORCL_USDT	0.0000%	8h	148.92	+0.047%	$2.2M	$3.0M	25x	as long as short
Variational Omni ORCL	0.0000%	8h	148.85	−0.002%	$1.3M	$316K	—	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.97	+0.080%	$1K	$200K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.10	+0.168%	$3K	$2.9M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.94	+0.060%	$52K	$22K	20x	as long as short
Extended ORCL_24_5-USD	+0.0016%	1h	148.83	−0.015%	$386K	$1.4M	10x	as long as short
Binance ORCLUSDT	+0.0019%	8h	148.86	+0.006%	$24.8M	$35.7M	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.98	+0.087%	$472K	$53K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH ORCLlong	+0.0032%	1h	148.85	long leg	$619K	$462K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.141%	$20K	$14K	12x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	148.81	−0.027%	—	$127K	25x	as long as short
tradeXYZ xyz:ORCL	+0.0050%	1h	148.77	−0.054%	$21.4M	$8.6M	10x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.77	−0.054%	$130K	$122K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.82	−0.020%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.66	−0.128%	$708K	$691K	10x	as long as short
QFEX ORCL-USD	+0.0056%	1h	148.80	−0.034%	$1.1M	$2.8M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.85	0.000%	$22K	$269K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.82	−0.020%	$189	—	10x	as long as short
Nado ORCL-PERP	+0.0113%	1h	148.73	−0.079%	$92K	$18K	10x	as long as short
KuCoin ORCLUSDTM	+0.0134%	8h	148.95	+0.067%	$258K	$222K	20x	as long as short
Arcus ORCL-USD	+0.0152%	1h	148.76	−0.060%	$86K	$90K	10x	as long as short
OKX ORCL-USDT-SWAP	+0.0200%	8h	148.85	0.000%	$4.7M	$5.7M	20x	as long as short
Bitget ORCLUSDTshort	+0.0296%	8h	148.89	+0.027%	$7.4M	$4.6M	20x
Bybit ORCLUSDT	+0.0473%	8h	148.89	+0.027%	$3.5M	$1.6M	50x	as long as short
BloFin ORCL-USDT	+0.0497%	8h	148.92	+0.047%	$47K	$51K	20x	as long as short
Phoenix ORCL	+0.0538%	1h	148.88	+0.020%	$149K	$100K	10x	as long as short