Funding you earn now, next payment 07:00 UTC+0.0473%/8h= +51.7% APRpaid last 24h +0.104%
Price spread now: Bybit against Lighter RH+0.033%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.033%, 7d avg +0.066%
=Together, before fees+0.252%+ Points / potential airdropLighter RH: Points live · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.033% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.066%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.191% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.191% in total (about 10.0% 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 | 149.52 | 0.0144 | pay 0.0018% / 1h | 51m 50s | $623K | $322K | 10x |
| Short | Bybit ORCLUSDT | 149.57 | 0.0617 | get 0.0617% / 8h | 1h 51m | $4.1M | $1.9M | 50x |
Lighter RH ORCL
Bybit ORCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $99.24
- Price spread: +0.033% → +0.066%
- −$3.28
- Slippage, 4 orders
- −$19.38
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $65.58
- Costs to cover
- 0.304%
- Break-even
- 2.4 days
Slippage from Lighter RH: live order book, 56 min ago; Bybit: live order book, 1 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, 56 min ago | 1.67 bp | 2.7 bp −$3 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.67 bp | 12.0 bp −$12 | 21.7 bp −$217 | 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 | −0.0513% | 4h | 149.47 | −0.034% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.37 | −0.097% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.57 | +0.033% | $7.7M | $3.7M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.78 | +0.174% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.68 | +0.107% | $52K | $25K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.56 | +0.027% | $474K | $51K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.308% | $20K | $9K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.38 | −0.094% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.50 | −0.013% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.44 | −0.054% | $131K | $92K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter 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 | 149.50 | −0.013% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.26 | −0.174% | $699K | $894K | 10x | as long as short |
| QFEX ORCL-USD | +0.0065% | 1h | 149.47 | −0.033% | $1.1M | $2.0M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.39 | −0.087% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.50 | −0.013% | $190 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0120% | 1h | 149.37 | −0.100% | $88K | $22K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0124% | 1h | 149.39 | −0.087% | $21.7M | $6.9M | 10x | as long as short |
| Lighter RH ORCLlong | +0.0144% | 1h | 149.52 | long leg | $623K | $322K | 10x | |
| GRVT ORCL_USDT_Perp | +0.0176% | 8h | 149.51 | −0.004% | $1K | $163K | 10x | as long as short |
| Variational Omni ORCL | +0.0183% | 8h | 149.45 | −0.048% | $1.2M | $423K | — | as long as short |
| KuCoin ORCLUSDTM | +0.0196% | 8h | 149.39 | −0.087% | $240K | $283K | 20x | as long as short |
| Gate ORCL_USDT | +0.0243% | 8h | 149.58 | +0.040% | $2.3M | $3.0M | 25x | as long as short |
| Extended ORCL_24_5-USD | +0.0272% | 1h | 149.49 | −0.020% | $388K | $1.6M | 10x | as long as short |
| Binance ORCLUSDT | +0.0273% | 8h | 149.53 | +0.007% | $25.0M | $36.7M | 20x | as long as short |
| OKX ORCL-USDT-SWAP | +0.0285% | 8h | 149.50 | −0.013% | $4.9M | $6.0M | 20x | as long as short |
| Phoenix ORCL | +0.0429% | 1h | 149.33 | −0.127% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDTshort | +0.0617% | 8h | 149.57 | +0.033% | $4.1M | $1.9M | 50x | |
| BloFin ORCL-USDT | +0.0641% | 8h | 149.50 | −0.013% | $47K | $44K | 20x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
tradeXYZ xyz:ORCL
GRVT ORCL_USDT_Perp
Variational Omni ORCL
KuCoin ORCLUSDTM
Gate ORCL_USDT
Extended ORCL_24_5-USD
Binance ORCLUSDT
OKX ORCL-USDT-SWAP
Phoenix ORCL
BloFin ORCL-USDT