Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.025%
Price spread now: Lighter against Variational Omni−0.093%7-day average −0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.047%+$5 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now −0.093%, 7d avg −0.072%
=Together, before fees+0.038%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.022% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.072%). If the spread goes back, that is −$2 on $10k: about 2.2 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COIN | 198.13 | 0 | get 0.0000% / 8h | 6h 18m | $769K | $921K | — |
| Short | Lighter COIN | 197.95 | 0.0032 | get 0.0004% / 1h | 18m 59s | $346K | $2.0M | 10x |
Variational Omni COIN
Lighter COINFunding 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
- $6.72
- Price spread: −0.093% → −0.072%
- −$2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.56
- Costs to cover
- 0.000%
- Break-even
- 2.2 days
Slippage unknown: Variational Omni: RFQ quote, 33 min ago; Lighter: live order book, 6 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, 33 min ago | 4.48 bp | doesn't fit | 30.2 bp −$302 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.63 bp | 0.8 bp −$1 | 1.9 bp −$19 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | 197.11 | −0.517% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.91 | −0.112% | $345K | $871K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.92 | −0.107% | $108K | $851K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.99 | −0.075% | $14.5M | $76.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.95 | −0.093% | $4.6M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.00 | −0.068% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.10 | −0.017% | $1.2M | $6.6M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.06 | −0.038% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COINlong | 0.0000% | 8h | 198.13 | long leg | $769K | $921K | — | |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.95 | −0.095% | $13K | $3.1M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COINshort | +0.0032% | 1h | 197.95 | −0.093% | $346K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.96 | −0.088% | $480K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 198.00 | −0.068% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.07 | −0.032% | $17K | $29K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.85 | −0.144% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.79 | −0.174% | $14.8M | $11.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.87 | −0.133% | $136K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.00 | −0.068% | $91 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.96 | −0.088% | $342K | $2.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.93 | −0.103% | $934K | $225K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.04 | −0.048% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.00 | −0.068% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.00 | −0.070% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.06 | −0.038% | $192K | $494K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 198.02 | −0.058% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0458% | 4h | 198.22 | +0.042% | $51K | $294K | 10x | as long as short |
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC