Funding you earn now, next payment 08:00 UTC−0.0449%/8h= −49.2% APRnext payment −$0.56 per $10,000 · paid last 24h −0.139%
Price spread now: Lighter RH against Phoenix+0.054%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 7 days−0.854%−$85 on $10k
+Price spread, last 4 days (all we have)−0.372%−$37 · spread now +0.054%, 7d avg +0.006%
=Together, before fees−1.226%+ Points / potential airdropLighter RH: Points live · farm board−$123 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.047% dearer against Phoenix than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.006%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ORCL | 149.30 | 0.0537 | pay 0.0067% / 1h | 56m 22s | $153K | $72K | 10x |
| Short | Lighter RH ORCL | 149.38 | 0.0088 | get 0.0011% / 1h | 56m 22s | $607K | $277K | 10x |
Phoenix ORCL
Lighter RH ORCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phoenix. 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
- −$94.29
- Price spread: +0.054% → +0.006%
- $4.71
- Slippage, 4 orders
- −$24.3
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$120.88
- Costs to cover
- 0.313%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 30 min ago; Lighter RH: live order book, 36 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 Phoenix live order book, 30 min ago | 3.37 bp | 11.5 bp −$12 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 36 min ago | 0.67 bp | 6.9 bp −$7 | 14.9 bp −$149 | 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 | −0.0336% | 4h | 149.37 | +0.050% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.19 | −0.077% | $98K | $20K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.43 | +0.087% | $7.7M | $2.5M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.59 | +0.194% | $3K | $2.5M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.48 | +0.121% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.45 | +0.100% | $477K | $59K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.161% | $20K | $9K | 12x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.43 | +0.087% | — | $55K | 25x | as long as short |
| Polymarket Perps ORCL-USD | +0.0050% | 1h | 149.30 | 0.000% | $131K | $70K | 10x | as long as short |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.36 | +0.040% | $30K | $3K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Injective ORCL/USDC PERP
Vest ORCL-USD-PERP
Polymarket Perps ORCL-USD
SoDEX ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.14 | −0.107% | $715K | $851K | 10x | as long as short |
| QFEX ORCL-USD | +0.0075% | 1h | 149.31 | +0.007% | $1.1M | $1.9M | 10x | as long as short |
| Lighter RH ORCLshort | +0.0088% | 1h | 149.38 | +0.054% | $607K | $277K | 10x | |
| KuCoin ORCLUSDTM | +0.0100% | 8h | 149.41 | +0.074% | $242K | $357K | 20x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.22 | −0.054% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.34 | +0.027% | $190 | — | 10x | as long as short |
| Nado ORCL-PERP | +0.0107% | 1h | 149.33 | +0.017% | $88K | $22K | 10x | as long as short |
| Variational Omni ORCL | +0.0155% | 8h | 149.36 | +0.038% | $1.2M | $416K | — | as long as short |
| OKX ORCL-USDT-SWAP | +0.0205% | 8h | 149.33 | +0.020% | $5.0M | $6.0M | 20x | as long as short |
| tradeXYZ xyz:ORCL | +0.0243% | 1h | 149.25 | −0.033% | $21.8M | $6.8M | 10x | as long as short |
| Extended ORCL_24_5-USD | +0.0264% | 1h | 149.33 | +0.019% | $388K | $2.1M | 10x | as long as short |
| Binance ORCLUSDT | +0.0265% | 8h | 149.35 | +0.033% | $25.2M | $35.8M | 20x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0280% | 8h | 149.35 | +0.033% | $1K | $144K | 10x | as long as short |
| Gate ORCL_USDT | +0.0313% | 8h | 149.43 | +0.087% | $2.3M | $2.8M | 25x | as long as short |
| Arcus ORCL-USD | +0.0415% | 1h | 149.31 | +0.007% | $86K | $79K | 10x | as long as short |
| Phoenix ORCLlong | +0.0537% | 1h | 149.30 | long leg | $153K | $72K | 10x | |
| Bybit ORCLUSDT | +0.0664% | 8h | 149.37 | +0.047% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0705% | 8h | 149.34 | +0.027% | $48K | $45K | 20x | as long as short |
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
KuCoin ORCLUSDTM
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
Nado ORCL-PERP
Variational Omni ORCL
OKX ORCL-USDT-SWAP
tradeXYZ xyz:ORCL
Extended ORCL_24_5-USD
Binance ORCLUSDT
GRVT ORCL_USDT_Perp
Gate ORCL_USDT
Arcus ORCL-USD
Bybit ORCLUSDT
BloFin ORCL-USDT