Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.021%
Price spread now: Variational Omni against Lighter+0.062%7-day average +0.068% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.038%−$4 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.062%, 7d avg +0.068%
=Together, before fees−0.149%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 201.84 | 0.0032 | pay 0.0004% / 1h | 19m 51s | $372K | $2.1M | 10x |
| Short | Variational Omni COIN | 201.97 | 0 | get 0.0000% / 8h | 1h 19m | $799K | $1.0M | — |
Lighter COIN
Variational Omni COINFunding 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
- −$6.72
- Price spread: +0.062% → +0.068%
- −$0.56
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$7.28
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 2 min ago; Variational Omni: RFQ quote, 4 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, 2 min ago | 0.59 bp | 1.3 bp −$1 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 3.37 bp | doesn't fit | 22.1 bp −$221 | doesn't fit | doesn't fit |
COIN on 26 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 COIN/USDC PERP | −0.0440% | 1h | 201.27 | −0.284% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.91 | +0.032% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.90 | +0.027% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.96 | +0.057% | $15.6M | $76.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.01 | +0.082% | $5.0M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.88 | +0.018% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.90 | +0.028% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.93 | +0.043% | $6.9M | $9.9M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 201.97 | +0.062% | $799K | $1.0M | — | |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.79 | −0.027% | $16K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0016% | 1h | 201.92 | +0.038% | $1.4M | $3.9M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 201.84 | long leg | $372K | $2.1M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 201.82 | −0.012% | $433K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.93 | +0.043% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.73 | −0.056% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.69 | −0.076% | $146K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.85 | +0.003% | $84 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.78 | −0.032% | $362K | $3.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0067% | 1h | 201.89 | +0.023% | $16.5M | $13.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.82 | −0.012% | $1.0M | $145K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.77 | −0.037% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.87 | +0.013% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.89 | +0.024% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.00 | +0.077% | $200K | $342K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.76 | −0.042% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0574% | 4h | 201.64 | −0.102% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC