Funding you earn now, next payment 22:00 UTC−0.1218%/8h= −133.4% APRpaid last 24h −0.148%
Price spread now: Lighter against Variational Omni−1.645%7-day average −0.133% · 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)−0.216%−$22 on $10k
+Price spread, last 7 days+1.683%+$168 · spread now −1.645%, 7d avg −0.133%
=Together, before fees+1.468%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$147 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Lighter is 1.511% cheaper against Variational Omni than usual: you would sell low and buy high (−$151 if the spread goes back to its 7-day average of −0.133%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.216% in total (about -24.3% 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 | Variational Omni USELESS | 0.2942 | 0.1314 | pay 0.0657% / 4h | 2h 15m | $1.2M | $1.7M | — |
| Short | Lighter USELESS | 0.2894 | 0.0096 | get 0.0012% / 1h | 15m 45s | $1.3M | $1.1M | 3x |
Variational Omni USELESS
Lighter USELESSFunding 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
- −$255.81
- Price spread: −1.645% → −0.133%
- −$151.14
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$406.95
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 5 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 | 5.09 bp | doesn't fit | 66.2 bp −$662 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 4.26 bp | 17.8 bp −$18 | 95.9 bp −$959 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESSshort | +0.0096% | 1h | 0.2894 | −1.645% | $1.3M | $1.1M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2931 | −0.387% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2926 | −0.557% | $10.5M | $65.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2930 | −0.421% | $29K | $137K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2930 | −0.394% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2923 | −0.645% | $20K | $380K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2925 | −0.581% | $584K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0240% | 4h | 0.2923 | −0.649% | $5.4M | $9.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2932 | −0.333% | $11K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0402% | 4h | 0.2924 | −0.618% | $7.3M | $7.8M | 50x | as long as short |
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0437% | 1h | 0.2937 | −0.170% | $42K | $699K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0530% | 4h | 0.2926 | −0.554% | $5.5M | $8.7M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0654% | 4h | 0.2953 | +0.378% | $22K | $190K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0660% | 4h | 0.2929 | −0.455% | $10.4M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0661% | 4h | 0.2927 | −0.515% | $25.2M | $109.4M | 50x | as long as short |
| Extended USELESS-USD | +0.0664% | 1h | 0.2930 | −0.411% | $309K | $968K | 5x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1180% | 4h | 0.2930 | −0.407% | $22K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1200% | 4h | 0.2928 | −0.482% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1240% | 4h | 0.2927 | −0.496% | $29.5M | $42.6M | 13x | as long as short |
| Variational Omni USELESSlong | +0.1314% | 4h | 0.2942 | long leg | $1.2M | $1.7M | — | |
| Aster USELESSUSDT | +0.1395% | 4h | 0.2930 | −0.407% | $677K | $2.1M | 10x | as long as short |
| Hyperliquid USELESS | +0.1602% | 1h | 0.2931 | −0.387% | $15.0M | $19.7M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1681% | 4h | 0.2928 | −0.489% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3111 | +5.735% | $5K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Aster USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP