Funding you earn now, next payment 02:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.032%
Price spread now: Lighter against Variational Omni−0.119%7-day average +0.077% · 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)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.538%−$54 · spread now −0.119%, 7d avg +0.077%
=Together, before fees−0.488%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.196% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.077%). If the spread goes back, that is −$20 on $10k: about 16 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OP | 0.1260 | 0.0055 | pay 0.0055% / 8h | 6h 47m | $224K | $52K | — |
| Short | Lighter OP | 0.1259 | 0.0096 | get 0.0012% / 1h | 47m 41s | $280K | $947K | 15x |
Variational Omni OP
Lighter OPFunding 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
- $8.68
- Price spread: −0.119% → +0.077%
- −$19.64
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.95
- Costs to cover
- 0.000%
- Break-even
- 15.8 days
Slippage unknown: Variational Omni: RFQ quote, 21 min ago; Lighter: live order book, 18 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, 21 min ago | 7.85 bp | doesn't fit | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 18 min ago | 6.29 bp | 20.9 bp −$21 | 61.2 bp −$612 | doesn't fit | doesn't fit |
OP on 30 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 OP/USDC PERP | −0.1535% | 1h | 0.1258 | −0.191% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1258 | −0.165% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.475% | $25K | $77K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1258 | −0.210% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1258 | −0.191% | $41K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1259 | −0.137% | — | — | 150x | as long as short |
| Variational Omni OPlong | +0.0055% | 8h | 0.1260 | long leg | $224K | $52K | — | |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1258 | −0.191% | $6K | $48K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0091% | 8h | 0.1257 | −0.262% | $6.1M | $29.9M | 50x | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1259 | −0.119% | $280K | $947K | 15x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1262 | +0.127% | $43K | $725K | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1260 | −0.040% | $3.9M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1259 | −0.102% | $210K | $231K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1258 | −0.185% | $20.3M | $62.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1257 | −0.262% | $18.2M | $26.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1259 | −0.127% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1259 | −0.127% | $20.5M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1257 | −0.270% | $2.9M | $7.0M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1258 | −0.191% | $5.9M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1257 | −0.270% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1258 | −0.175% | $121K | $201K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1262 | +0.094% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1262 | +0.090% | $312K | $5.2M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1258 | −0.159% | $171 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | −0.056% | $174K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1257 | −0.254% | $101K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1258 | −0.151% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1261 | +0.055% | $1.0M | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1257 | −0.247% | $699 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0463% | 1h | 0.1260 | −0.010% | $796K | $618K | 20x | as long as short |
ApeX Omni OPUSDT
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD