Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.008%
Price spread now: Variational Omni against Lighter−0.032%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.032% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter IBM | 231.41 | 0.0032 | pay 0.0004% / 1h | 25m 18s | $38K | $50K | 10x |
| Short | Variational Omni IBM | 231.34 | 0 | get 0.0000% / 8h | 1h 25m | $256K | $15K | — |
Lighter IBM
Variational Omni IBMFunding 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: −0.032% → 0.000%
- −$3.19
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$9.91
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Variational Omni: RFQ quote, 59 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 no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 59 min ago | 5.06 bp | doesn't fit | 112.5 bp −$1,125 | doesn't fit | doesn't fit |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
IBM on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IBM-USDT | −0.0002% | 8h | 231.32 | −0.039% | $46K | $52K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 231.38 | −0.015% | $13K | $126K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.22 | −0.082% | $976K | $382K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.36 | −0.022% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.32 | −0.039% | $807K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.38 | −0.013% | $798K | $400K | 20x | as long as short |
| Variational Omni IBMshort | 0.0000% | 8h | 231.34 | −0.032% | $256K | $15K | — | |
| SunX IBM-USDT | 0.0000% | 8h | 231.30 | −0.048% | $911 | $535K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.83 | +0.181% | $5K | $34K | 20x | as long as short |
| QFEX IBM-USD | +0.0016% | 1h | 231.31 | −0.043% | $1.2M | $3.2M | 10x | as long as short |
BloFin IBM-USDT
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USDShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended IBM-USD | +0.0024% | 1h | 231.32 | −0.039% | $54K | $202K | 10x | as long as short |
| Binance IBMUSDT | +0.0025% | 8h | 231.36 | −0.023% | $3.9M | $5.8M | 20x | as long as short |
| Lighter IBMlong | +0.0032% | 1h | 231.41 | long leg | $38K | $50K | 10x | |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.120% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.17 | −0.104% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.23 | −0.078% | $2.0M | $814K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.24 | −0.073% | $194K | $34K | 20x | as long as short |
| GRVT IBM_USDT_Perp | +0.0285% | 8h | 231.45 | +0.017% | $903 | $172K | 10x | as long as short |
Extended IBM-USD
Binance IBMUSDT
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM
GRVT IBM_USDT_Perp