LIGHT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniBITLIGHT	0.2410	+0.0100	pay 0.0050% / 4h	2h 48m	$12K	$131K	50x	Long Variational Omni+15% pts
SHORT	SunXLIGHT-USDT	0.2417	+0.0100	get 0.0050% / 4h	2h 48m	$2K	$1.4M	20x	Short SunX≤10% back

Price gap+0.303%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$32 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding$00.0000% /8h now · paid 0.000% over the last 7D

Price+$32spread +0.303% now, avg −0.012% → +0.316% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs+$32+0.32%+ Points / potential airdropVariational Omni: points · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.303%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

LIGHT on 11 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than SunX’s order book right now.
Note: Margin at max leverage$200 + $500
Variational Omni 50x, SunX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long Variational Omni: 6 payments, −$3.00; short SunX: 6 payments, +$3.00.
OK: Entry gap works for you+0.303% vs −0.012%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$2K vs $12K OI
SunX sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
OK: No KYC on either legVariational Omni No · SunX No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned0.0000%/8h × 21 periods$0.00

Price spread+0.303% → −0.012% (7d avg)+$31.57

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Variational Omni bp × 2 orders$0.00

Fee SunX bp × 2 orders−$8.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: Variational Omni: RFQ quote, 10 min ago; SunX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni8.26276.7 bp−$277524.6 bp−$5,246doesn’t fitdoesn’t fit

SELL · SHORTSunX502.79doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.