Funding you earn now, next payment 01:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.070%
Price spread now: Variational Omni against Lighter−0.160%7-day average −0.204% · 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)−0.188%−$19 on $10k
+Price spread, last 3 days (all we have)+0.358%+$36 · spread now −0.160%, 7d avg −0.204%
=Together, before fees+0.170%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.043% dearer against Lighter than usual: you sell high and buy low (spread −0.160% now, against its 7-day average of −0.204%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 3 days (−0.188% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPX | 0.5105 | 0.0096 | pay 0.0012% / 1h | 41m 13s | $127K | $314K | 5x |
| Short | Variational Omni SPX | 0.5097 | 0.0057 | get 0.0029% / 4h | 3h 41m | $848K | $1.3M | — |
Lighter SPX
Variational Omni SPXFunding 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
- −$8.15
- Price spread: −0.160% → −0.204%
- $4.33
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$3.82
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 23 min ago; Variational Omni: RFQ quote, 3 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, 23 min ago | 31.23 bp | 31.4 bp −$31 | 87.9 bp −$879 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 5.91 bp | doesn't fit | 57.1 bp −$571 | doesn't fit | doesn't fit |
SPX on 19 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 SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −2.466% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPXshort | +0.0057% | 4h | 0.5097 | −0.160% | $848K | $1.3M | — | |
| Lighter SPXlong | +0.0096% | 1h | 0.5105 | long leg | $127K | $314K | 5x | |
| Hyperliquid SPX | +0.0100% | 1h | 0.5103 | −0.039% | $10.0M | $7.9M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5099 | −0.110% | $129K | $110K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5102 | −0.051% | $5.1M | $21.2M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5098 | −0.135% | $11.6M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5100 | −0.096% | $968K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5103 | −0.037% | $1.1M | $510K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5102 | −0.057% | $11.2M | $4.7M | 100x | as long as short |
Injective SPX/USDC PERP
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5101 | −0.076% | $3.8M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5101 | −0.076% | $2.7M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5099 | −0.116% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5084 | −0.409% | $46K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5111 | +0.119% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5091 | −0.272% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5099 | −0.107% | $33K | $276K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5109 | +0.080% | $250K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.0958% | 1h | 0.5111 | +0.129% | $248K | $555K | 20x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT
Kraken Futures PF_SPXUSD