Funding arb · Price arb /

ORCL

RWAall ORCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.019%

Price spread now: Orderly against Lighter RH−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.027% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ORCL	149.18	0.0032	pay 0.0004% / 1h	35m 13s	$621K	$317K	10x
Short	Orderly PERP_ORCL_USDC_mythos	149.14	0.0100	get 0.0100% / 8h	6h 35m	$190	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.027%Rate

Funding earned: $14.28
Price spread: −0.027% → 0.000%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.6
Costs to cover: 0.060%
Break-even: 4.3 days

Slippage unknown: Lighter RH: live order book, 32 min ago; Orderly: no order-book sample. Net counts fees only.

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, 32 min ago	1.67 bp	2.4 bp −$2	5.4 bp −$54	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0544%	4h	149.18	−0.002%	$28K	$214K	10x	as long as short
Aster ORCLUSDT	0.0000%	8h	149.30	+0.079%	$93K	$16K	20x	as long as short
SunX ORCL-USDT	0.0000%	8h	149.40	+0.147%	$3K	$2.8M	10x	as long as short
HTX ORCL-USDT	0.0000%	8h	149.39	+0.141%	$52K	$23K	20x	as long as short
Lighter ORCL	+0.0032%	1h	149.30	+0.080%	$473K	$50K	10x	as long as short
Lighter RH ORCLlong	+0.0032%	1h	149.18	long leg	$621K	$317K	10x
Injective ORCL/USDC PERP	+0.0033%	1h	149.06	−0.080%	$20K	$12K	12x	as long as short
Arcus ORCL-USD	+0.0040%	1h	149.13	−0.034%	$86K	$80K	10x	as long as short
Vest ORCL-USD-PERP	+0.0046%	1h	149.22	+0.027%	—	$67K	25x	as long as short
Polymarket Perps ORCL-USD	+0.0050%	1h	149.11	−0.047%	$131K	$90K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ORCL-USD	+0.0050%	1h	149.16	−0.013%	$30K	$3K	10x	as long as short
Ondo Perps ORCL-USD.P	+0.0050%	1h	148.99	−0.127%	$710K	$679K	10x	as long as short
QFEX ORCL-USD	+0.0057%	1h	149.14	−0.027%	$1.1M	$2.8M	10x	as long as short
Nado ORCL-PERP	+0.0060%	1h	149.06	−0.082%	$92K	$18K	10x	as long as short
tradeXYZ xyz:ORCL	+0.0064%	1h	149.08	−0.067%	$21.5M	$6.7M	10x	as long as short
ApeX Omni ORACLEUSDT	+0.0100%	1h	149.19	+0.007%	$22K	$266K	50x	as long as short
Orderly PERP_ORCL_USDC_mythosshort	+0.0100%	8h	149.14	−0.027%	$190	—	10x
Gate ORCL_USDT	+0.0141%	8h	149.23	+0.034%	$2.3M	$2.9M	25x	as long as short
GRVT ORCL_USDT_Perp	+0.0171%	8h	149.21	+0.020%	$2K	$180K	10x	as long as short
Variational Omni ORCL	+0.0193%	8h	149.14	−0.026%	$1.3M	$363K	—	as long as short
Extended ORCL_24_5-USD	+0.0240%	1h	149.12	−0.039%	$388K	$1.3M	10x	as long as short
Bitget ORCLUSDT	+0.0241%	8h	149.26	+0.054%	$7.6M	$4.0M	20x	as long as short
Binance ORCLUSDT	+0.0242%	8h	149.16	−0.013%	$24.9M	$35.2M	20x	as long as short
KuCoin ORCLUSDTM	+0.0309%	8h	149.30	+0.080%	$260K	$261K	20x	as long as short
OKX ORCL-USDT-SWAP	+0.0322%	8h	149.23	+0.034%	$4.9M	$5.6M	20x	as long as short
Bybit ORCLUSDT	+0.0493%	8h	149.25	+0.047%	$3.5M	$1.4M	50x	as long as short
BloFin ORCL-USDT	+0.0523%	8h	149.45	+0.181%	$47K	$43K	20x	as long as short
Phoenix ORCL	+0.0535%	1h	149.11	−0.047%	$152K	$75K	10x	as long as short