diff --git a/indexer/packages/postgres/src/db/migrations/migration_files/20240926133526_create_oracle_prices_market_id_effective_at_height_index.ts b/indexer/packages/postgres/src/db/migrations/migration_files/20240926133526_create_oracle_prices_market_id_effective_at_height_index.ts
new file mode 100644
index 0000000000..8f80339ebf
--- /dev/null
+++ b/indexer/packages/postgres/src/db/migrations/migration_files/20240926133526_create_oracle_prices_market_id_effective_at_height_index.ts
@@ -0,0 +1,17 @@
+import * as Knex from 'knex';
+
+export async function up(knex: Knex): Promise<void> {
+  await knex.raw(`
+    CREATE INDEX CONCURRENTLY IF NOT EXISTS "oracle_prices_marketid_effectiveatheight_index" ON "oracle_prices" ("marketId", "effectiveAtHeight");
+  `);
+}
+
+export async function down(knex: Knex): Promise<void> {
+  await knex.raw(`
+    DROP INDEX CONCURRENTLY IF EXISTS "oracle_prices_marketid_effectiveatheight_index";
+  `);
+}
+
+export const config = {
+  transaction: false,
+};