Funding you earn now, next payment 04:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h −0.064%
Price spread now: Variational Omni against Lighter−0.323%7-day average −0.105% · 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)−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.530%+$53 · spread now −0.323%, 7d avg −0.105%
=Together, before fees+0.454%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$45 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.218% cheaper against Lighter than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.105%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.076% in total (about -7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKY | 0.06842 | 0.0096 | pay 0.0012% / 1h | 3m 14s | $178K | $177K | 10x |
| Short | Variational Omni SKY | 0.06820 | −0.0181 | pay 0.0090% / 4h | 3m 14s | $182K | $113K | — |
Lighter SKY
Variational Omni SKYFunding 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
- −$58.15
- Price spread: −0.323% → −0.105%
- −$21.79
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$79.94
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 37 min ago; Variational Omni: RFQ quote, 56 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, 37 min ago | 11.20 bp | 11.4 bp −$11 | 107.8 bp −$1,078 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 56 min ago | 5.08 bp | doesn't fit | 189.5 bp −$1,895 | doesn't fit | doesn't fit |
SKY 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKYshort | −0.0181% | 4h | 0.06820 | −0.323% | $182K | $113K | — | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.747% | $376 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0080% | 1h | 0.06834 | −0.108% | $75K | $31K | 5x | as long as short |
| Lighter SKYlong | +0.0096% | 1h | 0.06842 | long leg | $178K | $177K | 10x | |
| Aster SKYUSDT | +0.0100% | 4h | 0.06839 | −0.047% | $41K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06841 | −0.013% | $15.6M | $11.0M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06832 | −0.145% | $7.2M | $3.2M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06832 | −0.145% | $814K | $1.1M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06827 | −0.218% | $591K | $273K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06840 | −0.028% | $1.0M | $266K | 100x | as long as short |
Injective SKY/USDC PERP
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
Bybit SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06833 | −0.130% | $402K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06837 | −0.072% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06832 | −0.145% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06831 | −0.159% | $27K | $657K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06836 | −0.086% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0128% | 4h | 0.06840 | −0.028% | $583K | $29K | 75x | as long as short |
| Hyperliquid SKY | +0.0364% | 1h | 0.06850 | +0.115% | $2.8M | $911K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0520% / S −0.0248% | 1h | 0.06840 | −0.028% | $81K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]