Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Variational Omni against Lighter+0.022%7-day average — · 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)—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
The price spread pays, funding is against you. Variational Omni is 0.022% dearer against Lighter than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter IWM | 284.86 | 0.0032 | pay 0.0004% / 1h | 44m 43s | $74K | $19K | 10x |
| Short | Variational Omni IWM | 284.92 | 0 | get 0.0000% / 8h | 7h 44m | $169K | $217K | — |
Lighter IWM
Variational Omni IWMFunding 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: +0.022% → 0.000%
- $2.21
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$4.51
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; Variational Omni: RFQ quote, 54 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, 54 min ago | 2.94 bp | doesn't fit | 75.6 bp −$756 | 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.
IWM on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IWMUSDT | 0.0000% | 8h | 284.82 | −0.013% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 284.78 | −0.028% | $560K | $73K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 284.90 | +0.014% | $437K | $158K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 285.02 | +0.056% | $601K | $162K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 285.03 | +0.060% | $441K | $15K | 20x | as long as short |
| Variational Omni IWMshort | 0.0000% | 8h | 284.92 | +0.022% | $169K | $217K | — | |
| GRVT IWM_USDT_Perp | 0.0000% | 8h | 285.05 | +0.068% | $687 | $101K | 10x | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 285.07 | +0.074% | $770 | $461K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 284.85 | −0.004% | $595 | $38K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 285.07 | +0.074% | $764K | $84K | 10x | as long as short |
Aster IWMUSDT
Bybit IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
Bitget IWMUSDT
GRVT IWM_USDT_Perp
SunX IWM-USDT
HTX IWM-USDT
Phemex IWMUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter IWMlong | +0.0032% | 1h | 284.86 | long leg | $74K | $19K | 10x | |
| Markets by Kinetiq mkts:SMALL2000 | +0.0046% | 1h | 284.62 | −0.084% | $564K | $358K | 20x | as long as short |
| Vest IWM-USD-PERP | +0.0046% | 1h | 284.74 | −0.042% | — | $1K | 25x | as long as short |
| BloFin IWM-USDT | +0.0063% | 8h | 285.00 | +0.049% | $67K | $33K | 20x | as long as short |
| Binance IWMUSDT | +0.0080% | 8h | 284.86 | 0.000% | $1.1M | $1.2M | 20x | as long as short |
| MEXC IWM_USDT | +0.0081% | 8h | 284.98 | +0.042% | $880K | $83K | 50x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.03 | +0.060% | $141K | $910K | 20x | as long as short |
Markets by Kinetiq mkts:SMALL2000
Vest IWM-USD-PERP
BloFin IWM-USDT
Binance IWMUSDT
MEXC IWM_USDT
KuCoin IWMUSDTM