Funding you earn now, next payment 02:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.057%
Price spread now: Lighter RH against OKX−0.027%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.027%, 7d avg −0.059%
=Together, before fees−0.159%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.033% dearer against OKX than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.059%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.104% in total) that is about 2.2 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 | OKX ORCL-USDT-SWAP | 149.36 | 0.0339 | pay 0.0339% / 8h | 6h 13m | $4.9M | $5.7M | 20x |
| Short | Lighter RH ORCL | 149.32 | 0.0032 | get 0.0004% / 1h | 13m 42s | $621K | $318K | 10x |
OKX ORCL-USDT-SWAP
Lighter RH ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against OKX. 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
- −$64.4
- Price spread: −0.027% → −0.059%
- $3.27
- Slippage, 4 orders
- −$17.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$89.09
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Lighter RH: live order book, 54 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 OKX live order book, 4 min ago | 0.67 bp | 10.8 bp −$11 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 54 min ago | 1.67 bp | 3.8 bp −$4 | 9.0 bp −$90 | doesn't fit | doesn't fit |
ORCL on 27 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 | −0.0864% | 4h | 149.33 | −0.017% | $28K | $214K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.21 | −0.103% | $93K | $16K | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.51 | +0.100% | $3K | $2.8M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.41 | +0.033% | $52K | $23K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.37 | +0.007% | $473K | $50K | 10x | as long as short |
| Lighter RH ORCLshort | +0.0032% | 1h | 149.32 | −0.027% | $621K | $318K | 10x | |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.201% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.23 | −0.087% | $86K | $80K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.30 | −0.040% | — | $67K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.21 | −0.100% | $131K | $90K | 10x | as long as short |
edgeX ORCLUSDC
Aster 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 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ORCL-USD | +0.0050% | 1h | 149.31 | −0.033% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.13 | −0.154% | $711K | $690K | 10x | as long as short |
| QFEX ORCL-USD | +0.0057% | 1h | 149.25 | −0.074% | $1.1M | $2.7M | 10x | as long as short |
| Nado ORCL-PERP | +0.0079% | 1h | 149.16 | −0.134% | $92K | $18K | 10x | as long as short |
| tradeXYZ xyz:ORCL | +0.0094% | 1h | 149.22 | −0.094% | $21.5M | $6.8M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.25 | −0.074% | $22K | $266K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.30 | −0.040% | $190 | — | 10x | as long as short |
| Gate ORCL_USDT | +0.0129% | 8h | 149.38 | +0.013% | $2.3M | $2.9M | 25x | as long as short |
| Bitget ORCLUSDT | +0.0167% | 8h | 149.44 | +0.054% | $7.7M | $4.0M | 20x | as long as short |
| Variational Omni ORCL | +0.0200% | 8h | 149.28 | −0.055% | $1.3M | $363K | — | as long as short |
| GRVT ORCL_USDT_Perp | +0.0204% | 8h | 149.39 | +0.018% | $2K | $180K | 10x | as long as short |
| Binance ORCLUSDT | +0.0255% | 8h | 149.33 | −0.020% | $24.9M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0256% | 1h | 149.29 | −0.045% | $387K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0314% | 8h | 149.47 | +0.074% | $260K | $264K | 20x | as long as short |
| OKX ORCL-USDT-SWAPlong | +0.0339% | 8h | 149.36 | long leg | $4.9M | $5.7M | 20x | |
| Bybit ORCLUSDT | +0.0530% | 8h | 149.40 | +0.027% | $3.5M | $1.4M | 50x | as long as short |
| Phoenix ORCL | +0.0535% | 1h | 149.34 | −0.013% | $153K | $75K | 10x | as long as short |
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
Nado ORCL-PERP
tradeXYZ xyz:ORCL
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Gate ORCL_USDT
Bitget ORCLUSDT
Variational Omni ORCL
GRVT ORCL_USDT_Perp
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
Bybit ORCLUSDT
Phoenix ORCL