Settings8H · net · $10k
Funding arb · Price arb /

CAP

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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.039%
Price spread now: Variational Omni against Lighter−0.329%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.329% cheaper against Lighter than usual: you would sell low and buy high, −$33 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CAP0.046570.0096pay 0.0012% / 1h43m 28s$19K$2K3x
ShortVariational Omni CAP0.046410.0100get 0.0050% / 4h2h 43m$8K$8K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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

Funding earned
$0.84
Price spread: −0.329% → 0.000%
−$32.88
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$32.04
Costs to cover
0.000%
Break-even
274.0 days
Slippage unknown: Lighter: no order-book sample; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Variational Omni no order-book sample
Lighter and Variational Omni: 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.

CAP on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) CAP/USDL 0.0000% / S 0.0000%1h0.04651−0.117%150xas long as short
BingX CAP-USDT+0.0070%4h0.04651−0.118%$1.6Mas long as short
BloFin CAP-USDT+0.0096%4h0.04646−0.225%$363K$60K10xas long as short
Lighter CAPlong+0.0096%1h0.04657long leg$19K$2K3x
Aster CAPUSDT+0.0100%4h0.04652−0.103%$25K$58K5xas long as short
Binance CAPUSDT+0.0100%4h0.04652−0.097%$8.8M$8.1M10xas long as short
Bybit CAPUSDT+0.0100%4h0.04651−0.118%$4.5M$3.8M10xas long as short
Gate CAP_USDT+0.0100%4h0.04659+0.054%$322K$1.1M20xas long as short
MEXC CAP_USDT+0.0100%4h0.04653−0.075%$549K$217K20xas long as short
KuCoin CAPUSDTM+0.0100%4h0.04654−0.054%$4.3M$1.3M10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CAPUSDT+0.0100%4h0.04651−0.118%$1.0M$599K10xas long as short
Variational Omni CAPshort+0.0100%4h0.04641−0.329%$8K$8K
Orderly PERP_CAP_USDC_mythos+0.0100%4h0.04657+0.002%$4K$2K10xas long as short
OKX CAP-USDT-SWAP+0.0209%4h0.04659+0.054%$1.9M$7.1M10xas long as short