Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.001%
Price spread now: Lighter against Variational Omni+0.286%7-day average +0.142% · 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)−0.272%−$27 on $10k
+Price spread, last 7 days−0.234%−$23 · spread now +0.286%, 7d avg +0.142%
=Together, before fees−0.506%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$51 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 is 0.144% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.142%. Mind the row above: over the last 4 days funding on this pair cost −0.272%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni US500 | 7,725.4 | 0 | get 0.0000% / 8h | 7h 38m | $17.5M | $8.3M | — |
| Short | Lighter US500 | 7,747.5 | 0.0032 | get 0.0004% / 1h | 38m 46s | $2.0M | $28.1M | 50x |
Variational Omni US500
Lighter US500Funding 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: +0.286% → +0.142%
- $14.44
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $21.16
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, just now; Lighter: live order book, 5 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, just now | 1.90 bp | doesn't fit | 2.2 bp −$22 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.45 bp | 0.5 bp $0 | 0.8 bp −$8 | 3.4 bp −$336 | 129.1 bp −$64.5K |
SP500 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,663.3 | −0.804% | $7K | $104 | 52x | as long as short |
| QFEX US500-USD | −0.0042% | 1h | 7,749.2 | +0.308% | $9.9M | $3.1M | 30x | as long as short |
| Extended SPX500m-USD | −0.0008% | 1h | 7,750.3 | +0.322% | $3.3M | $11.4M | 25x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,754.4 | +0.376% | $141K | $228K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,752.2 | +0.347% | $7.2M | $768K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,725.4 | long leg | $17.5M | $8.3M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,748.9 | +0.304% | $14K | $105K | 10x | as long as short |
| tradeXYZ xyz:SP500 | +0.0008% | 1h | 7,747.1 | +0.281% | $428.6M | $236.6M | 50x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,747.5 | +0.286% | $2.0M | $28.1M | 50x | |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,720.3 | −0.066% | $1.6M | $7.4M | 25x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Extended SPX500m-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Bullet US500-USD
tradeXYZ xyz:SP500
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,817.3 | +1.189% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,753.2 | +0.360% | $623K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,746.8 | +0.277% | $42K | — | 5x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,751.7 | +0.341% | $9.0M | $2.2M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,748.4 | +0.298% | $1.3M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,749.1 | +0.307% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,749.7 | +0.315% | $258K | $173K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0334% | 1h | 7,749.1 | +0.307% | $446 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD