Funding you earn now, next payment 22:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.101%
Price spread now: Lighter against Variational Omni−0.454%7-day average +0.203% · 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)+0.184%+$18 on $10k
+Price spread, last 3 days (all we have)−0.411%−$41 · spread now −0.454%, 7d avg +0.203%
=Together, before fees−0.227%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.658% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.454% now, against its 7-day average of +0.203%). If the spread goes back, that is −$66 on $10k: about 25 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.184% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni SPX | 0.5059 | 0.0009 | pay 0.0004% / 4h | 2h 56m | $850K | $1.3M | — |
| Short | Lighter SPX | 0.5036 | 0.0096 | get 0.0012% / 1h | 56m 25s | $116K | $318K | 5x |
Variational Omni SPX
Lighter SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- $18.28
- Price spread: −0.454% → +0.203%
- −$65.76
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$47.48
- Costs to cover
- 0.000%
- Break-even
- 25.2 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 26 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 Variational Omni RFQ quote, 3 min ago | 4.95 bp | doesn't fit | 58.5 bp −$585 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 26 min ago | 20.35 bp | 20.3 bp −$20 | 63.5 bp −$635 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.0413% | 1h | 0.5032 | −0.532% | $231K | $563K | 20x | as long as short |
| Variational Omni SPXlong | +0.0009% | 4h | 0.5059 | long leg | $850K | $1.3M | — | |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.583% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXshort | +0.0096% | 1h | 0.5036 | −0.454% | $116K | $318K | 5x | |
| Hyperliquid SPX | +0.0100% | 1h | 0.5028 | −0.622% | $9.8M | $7.1M | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5042 | −0.339% | $123K | $97K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5032 | −0.544% | $5.0M | $19.6M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5017 | −0.832% | $11.6M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5028 | −0.614% | $983K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5033 | −0.515% | $1.0M | $475K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Hyperliquid SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5026 | −0.654% | $11.5M | $4.5M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5027 | −0.634% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5026 | −0.654% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5026 | −0.654% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5051 | −0.160% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5038 | −0.417% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5026 | −0.654% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5026 | −0.655% | $34K | $227K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5032 | −0.535% | $254K | $923K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT