Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.067%

Price spread now: OKX against Lighter RH−0.007%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.007%, 7d avg +0.057%

Together, before fees+0.222%+ Points / potential airdropLighter RH: Points live · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.063% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.057%). If the spread goes back, that is −$6 on $10k: about 29 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.126% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ORCL	148.77	0.0032	pay 0.0004% / 1h	34m 49s	$603K	$315K	10x
Short	OKX ORCL-USDT-SWAP	148.76	0.0206	get 0.0206% / 8h	7h 34m	$4.9M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $36.58
Price spread: −0.007% → +0.057%: −$6.34
Slippage, 4 orders: −$22.85
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$2.6
Costs to cover: 0.328%
Break-even: 7.5 days

Slippage from Lighter RH: live order book, 63 min ago; OKX: live order book, 3 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, 63 min ago	2.35 bp	3.6 bp −$4	8.6 bp −$86	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.67 bp	13.6 bp −$14	22.7 bp −$227	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	−0.0151%	4h	148.85	+0.052%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	148.86	+0.060%	$97K	$20K	20x	as long as short
Bitget ORCLUSDT	0.0000%	8h	148.82	+0.034%	$7.7M	$2.6M	20x	as long as short
GRVT ORCL_USDT_Perp	0.0000%	8h	148.80	+0.019%	$1K	$149K	10x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.03	+0.175%	$2K	$2.6M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	148.92	+0.101%	$52K	$25K	20x	as long as short
Lighter ORCL	+0.0032%	1h	148.80	+0.020%	$475K	$59K	10x	as long as short
Lighter RH ORCLlong	+0.0032%	1h	148.77	long leg	$603K	$315K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	+0.195%	$20K	$9K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	148.68	−0.060%	$86K	$79K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ORCL-USD-PERP	+0.0046%	1h	148.73	−0.027%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	148.58	−0.128%	$130K	$80K	10x	as long as short
SoDEX ORCL-USD	+0.0050%	1h	148.78	+0.007%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.57	−0.134%	$708K	$850K	10x	as long as short
Nado ORCL-PERP	+0.0053%	1h	148.64	−0.086%	$88K	$22K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0058%	1h	148.65	−0.081%	$21.7M	$6.9M	10x	as long as short
QFEX ORCL-USD	+0.0065%	1h	148.73	−0.027%	$1.1M	$1.9M	10x	as long as short
KuCoin ORCLUSDTM	+0.0100%	8h	148.84	+0.047%	$241K	$312K	20x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	148.70	−0.047%	$22K	$263K	50x	as long as short
Orderly PERP_ORCL_USDC_mythos	+0.0100%	8h	148.79	+0.013%	$189	—	10x	as long as short
Variational Omni ORCL	+0.0152%	8h	148.78	+0.007%	$1.2M	$428K	—	as long as short
OKX ORCL-USDT-SWAPshort	+0.0206%	8h	148.76	−0.007%	$4.9M	$5.9M	20x
Gate ORCL_USDT	+0.0214%	8h	148.87	+0.067%	$2.3M	$2.9M	25x	as long as short
Extended ORCL_24_5-USD	+0.0240%	1h	148.74	−0.019%	$390K	$2.1M	10x	as long as short
Binance ORCLUSDT	+0.0240%	8h	148.77	0.000%	$25.1M	$36.3M	20x	as long as short
BloFin ORCL-USDT	+0.0532%	8h	148.74	−0.020%	$48K	$44K	20x	as long as short
Phoenix ORCL	+0.0537%	1h	148.76	−0.007%	$152K	$73K	10x	as long as short
Bybit ORCLUSDT	+0.0544%	8h	148.78	+0.007%	$4.1M	$1.9M	50x	as long as short