Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.001%
Price spread now: Variational Omni against Lighter RH+0.015%7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.035%−$3 on $10k
+Price spread, last 7 days0.000%$0 · spread now +0.015%, 7d avg +0.057%
=Together, before fees−0.035%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.041% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.057%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 195.35 | 0.0032 | pay 0.0004% / 1h | 29m 58s | $455K | $1.5M | 10x |
| Short | Variational Omni COIN | 195.38 | 0 | get 0.0000% / 8h | 2h 29m | $709K | $962K | — |
Lighter RH COIN
Variational Omni COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Lighter RH. 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: +0.015% → +0.057%
- −$4.13
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$10.85
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 3 min ago; Variational Omni: RFQ quote, 9 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 RH live order book, 3 min ago | 3.32 bp | 5.5 bp −$5 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 9 min ago | 2.89 bp | doesn't fit | 24.1 bp −$241 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0797% | 8h | 195.73 | +0.195% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.00 | +0.333% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0148% | 8h | 195.53 | +0.092% | $1.2M | $7.4M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0114% | 1h | 194.74 | −0.312% | — | $289K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.54 | +0.098% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.45 | +0.049% | $114K | $852K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.50 | +0.077% | $14.6M | $81.0M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.48 | +0.067% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.60 | +0.128% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COINshort | 0.0000% | 8h | 195.38 | +0.015% | $709K | $962K | — |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.49 | +0.071% | $13K | $2.5M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 195.35 | long leg | $455K | $1.5M | 10x | |
| QFEX COIN-USD | +0.0038% | 1h | 195.47 | +0.061% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.67 | +0.164% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.40 | +0.026% | $15.1M | $13.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.26 | −0.046% | $131K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.37 | +0.010% | $76 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.50 | +0.077% | $364K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.61 | +0.133% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.40 | +0.026% | $985K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.36 | +0.005% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.44 | +0.046% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.31 | −0.019% | $115 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 195.42 | +0.038% | $356K | $2.2M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.29 | −0.031% | $188K | $417K | 20x | as long as short |
| edgeX COINUSDC | +0.0647% | 4h | 195.54 | +0.098% | $50K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
edgeX COINUSDC