Funding you earn now, next payment 01:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h −0.028%
Price spread now: Variational Omni against Lighter−0.516%7-day average −0.086% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.077%−$8 on $10k
+Price spread, last 7 days+0.401%+$40 · spread now −0.516%, 7d avg −0.086%
=Together, before fees+0.325%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.430% cheaper against Lighter than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of −0.086%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7206 | 0.0096 | pay 0.0012% / 1h | 42m 34s | $1.1M | $894K | 5x |
| Short | Variational Omni ETHFI | 0.7168 | −0.0048 | pay 0.0024% / 4h | 3h 42m | $1.0M | $744K | — |
Lighter ETHFI
Variational Omni ETHFIFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.2
- Price spread: −0.516% → −0.086%
- −$42.99
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$73.2
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 3 min ago; Variational Omni: RFQ quote, 2 min ago. 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 live order book, 3 min ago | 15.08 bp | 28.1 bp −$28 | 96.1 bp −$961 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 4.18 bp | doesn't fit | 40.4 bp −$404 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0638% | 4h | 0.7164 | −0.577% | $83K | $165K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0305% | 1h | 0.7199 | −0.092% | $41K | $14K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0197% | 4h | 0.7198 | −0.105% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0177% | 4h | 0.7196 | −0.133% | $18.2M | $13.1M | 25x | as long as short |
| Variational Omni ETHFIshort | −0.0048% | 4h | 0.7168 | −0.516% | $1.0M | $744K | — | |
| Paradex ETHFI-USD-PERP | −0.0038% | 8h | 0.7195 | −0.153% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | +0.0022% | 4h | 0.7195 | −0.147% | $15.4M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7193 | −0.174% | $102K | $587K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0025% | 4h | 0.7195 | −0.153% | $25.1M | $37.4M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.477% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Extended ETHFI-USD
Binance ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7195 | −0.147% | $9K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0088% | 4h | 0.7191 | −0.203% | $1.3M | $277K | 75x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7206 | long leg | $1.1M | $894K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7204 | −0.026% | $18.1M | $9.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7200 | −0.075% | $184K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7201 | −0.064% | $5.0M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7200 | −0.078% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7200 | −0.078% | $1.2M | $269K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7194 | −0.161% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7197 | −0.119% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7199 | −0.093% | $55K | $99K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7207 | +0.019% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.436% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0219% | 1h | 0.7202 | −0.050% | $273K | $165K | 20x | as long as short |
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD