Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.132%
Price spread now: Variational Omni against Lighter−0.511%7-day average −0.145% · 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)−0.331%−$33 on $10k
+Price spread, last 3 days (all we have)+0.436%+$44 · spread now −0.511%, 7d avg −0.145%
=Together, before fees+0.105%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.365% cheaper against Lighter than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.145%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POPCAT | 0.05651 | 0.0096 | pay 0.0012% / 1h | 49m 31s | $102K | $46K | 10x |
| Short | Variational Omni POPCAT | 0.05622 | 0.0100 | get 0.0050% / 4h | 2h 49m | $511K | $162K | — |
Lighter POPCAT
Variational Omni POPCATFunding 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
- $0.84
- Price spread: −0.511% → −0.145%
- −$36.54
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$35.7
- Costs to cover
- 0.000%
- Break-even
- 304.5 days
Slippage unknown: Lighter: live order book, 56 min ago; Variational Omni: RFQ quote, 20 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, 56 min ago | 17.70 bp | 18.5 bp −$19 | 89.8 bp −$898 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 20 min ago | 7.94 bp | doesn't fit | 92.6 bp −$926 | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.5000% | 1h | 0.05540 | −1.964% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05652 | +0.020% | $1 | — | 10x | as long as short |
| Lighter POPCATlong | +0.0096% | 1h | 0.05651 | long leg | $102K | $46K | 10x | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05652 | +0.018% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05642 | −0.159% | $8.9M | $6.2M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05647 | −0.071% | $697K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05650 | −0.018% | $453K | $621K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05653 | +0.035% | $1.8M | $962K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05654 | +0.053% | $1.1M | $992K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05644 | −0.124% | $1.2M | $936K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTM
Bitget POPCATUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05648 | −0.053% | — | $1.6M | — | as long as short |
| Variational Omni POPCATshort | +0.0100% | 4h | 0.05622 | −0.511% | $511K | $162K | — | |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05633 | −0.311% | $254K | $473K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | −0.195% | $22K | $654K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05651 | −0.007% | $96K | $525K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05642 | −0.159% | $126K | $300K | 50x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0631% | 1h | 0.05650 | −0.025% | $150K | $144K | 20x | as long as short |
| Hyperliquid POPCAT | +0.1182% | 1h | 0.05664 | +0.230% | $2.6M | $981K | 3x | as long as short |
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT