Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Variational Omni−0.012%7-day average −0.057% · 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)+0.036%+$4 on $10k
+Price spread, last 7 days−0.036%−$4 · spread now −0.012%, 7d avg −0.057%
=Together, before fees+0.001%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.045% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni COIN | 198.69 | 0 | get 0.0000% / 8h | 5h 54m | $770K | $921K | — |
| Short | Lighter RH COIN | 198.67 | 0.0032 | get 0.0004% / 1h | 54m 25s | $483K | $1.1M | 10x |
Variational Omni COIN
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: −0.012% → −0.057%
- $4.46
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $11.18
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 57 min ago; Lighter RH: live order book, 1 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, 57 min ago | 4.48 bp | doesn't fit | 30.2 bp −$302 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 3.52 bp | 3.8 bp −$4 | 7.6 bp −$76 | 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 | 197.52 | −0.591% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.67 | −0.014% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.67 | −0.010% | $106K | $855K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.67 | −0.012% | $14.6M | $75.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.73 | +0.018% | $4.7M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.72 | +0.013% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.72 | +0.013% | $1.2M | $6.4M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.74 | +0.023% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COINlong | 0.0000% | 8h | 198.69 | long leg | $770K | $921K | — | |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.79 | +0.048% | $11K | $3.2M | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 198.68 | −0.007% | $1.3M | $2.6M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.65 | −0.022% | $347K | $1.9M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 198.67 | −0.012% | $483K | $1.1M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 198.75 | +0.028% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.62 | −0.037% | — | $288K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.61 | −0.042% | $14.8M | $11.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.56 | −0.068% | $136K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.73 | +0.018% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.52 | −0.088% | $333K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.70 | +0.003% | $937K | $244K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.44 | −0.128% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.75 | +0.028% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.73 | +0.019% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.81 | +0.058% | $193K | $492K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 198.71 | +0.008% | $5K | $256K | 10x | as long as short |
| edgeX COINUSDC | +0.0231% | 4h | 198.64 | −0.026% | $51K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
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