Funding you earn now, next payment 02:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h +0.028%
Price spread now: Lighter against Variational Omni+0.473%7-day average +0.087% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.078%+$8 on $10k
+Price spread, last 7 days−0.391%−$39 · spread now +0.473%, 7d avg +0.087%
=Together, before fees−0.313%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.386% dearer against Variational Omni than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.087%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7139 | 0.0030 | pay 0.0015% / 4h | 2h 02m | $1.1M | $717K | — |
| Short | Lighter ETHFI | 0.7173 | 0.0096 | get 0.0012% / 1h | 2m 09s | $1.1M | $888K | 5x |
Variational Omni ETHFI
Lighter ETHFIFunding 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
- $13.76
- Price spread: +0.473% → +0.087%
- $38.61
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $52.37
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Lighter: live order book, 4 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, 2 min ago | 4.19 bp | doesn't fit | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 9.03 bp | 32.3 bp −$32 | 87.3 bp −$873 | doesn't fit | doesn't fit |
ETHFI on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0308% | 1h | 0.7164 | +0.354% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0197% | 4h | 0.7162 | +0.326% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0113% | 4h | 0.7150 | +0.158% | $88K | $168K | 20x | as long as short |
| Variational Omni ETHFIlong | +0.0030% | 4h | 0.7139 | long leg | $1.1M | $717K | — | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.418% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0065% | 8h | 0.7155 | +0.224% | $6K | — | 5x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7173 | +0.473% | $1.1M | $888K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7168 | +0.413% | $17.9M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7166 | +0.378% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7162 | +0.321% | $24.9M | $35.8M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7165 | +0.368% | $18.0M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7167 | +0.396% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7164 | +0.354% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7160 | +0.298% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7167 | +0.396% | $1.2M | $254K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7161 | +0.312% | $6.2M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7165 | +0.368% | — | $26.0M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7182 | +0.609% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7159 | +0.284% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7161 | +0.314% | $97K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7159 | +0.284% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7253 | +1.600% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0226% | 1h | 0.7173 | +0.480% | $275K | $188K | 20x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD