S

Alert

Funding spread now, next payment 19:00 UTC+0.1509%/8h

paid, last 24h+0.312%paid, last 3 days−0.247%to open and closeno order book

Long on Variational Omni Short on Lighter

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.247% in total (about -29.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni S	0.03845	−0.1413	get 0.0706% / 4h	1h 29m	$597K	$117K	—
Short	Lighter S	0.03856	0.0096	get 0.0012% / 1h	29m 46s	$162K	$304K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee LighterbpOrdersRate

Funding earned: $316.83
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $316.83
Break-even: 0.0 days

Slippage unknown: Variational Omni: RFQ quote, 6 min ago; Lighter: live order book, 61 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.295%
Avg gap 7d: +0.165%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 6 min ago	6.50 bp	doesn't fit	118.4 bp −$1,184	doesn't fit	doesn't fit
Sell Lighter live order book, 61 min ago	7.77 bp	8.9 bp −$9	93.9 bp −$939	doesn't fit	doesn't fit

S on 25 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_SUSD	−0.2332%	1h	$33K	$41K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1824%	1h	$47K	$10K	25x	as long as short
Variational Omni Slong	−0.1413%	4h	$597K	$117K	—
Aster SUSDT	−0.0255%	4h	$42K	$258K	10x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0095%	4h	$102K	$322K	10x	as long as short
01 Exchange SUSD	−0.0072%	1h	$23K	$3K	5x	as long as short
OKX S-USDT-SWAP	−0.0055%	4h	$962K	$11.8M	20x	as long as short
Hyperliquid S	−0.0038%	1h	$984K	$1.3M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$594	—	150x	as long as short
Deribit S_USDC-PERPETUAL	+0.0009%	1h	$65K	$10K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	$2K	$88K	12x	as long as short
Bybit SUSDT	+0.0037%	4h	$5.5M	$9.0M	50x	as long as short
Lighter Sshort	+0.0096%	1h	$162K	$304K	5x
Binance SUSDT	+0.0100%	4h	$5.2M	$37.9M	75x	as long as short
Gate S_USDT	+0.0100%	4h	$315K	$369K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.4M	$3.4M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	$1.8M	$3.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.2M	$4.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	$25K	$495K	50x	as long as short
Extended S-USD	+0.0104%	1h	$216K	$943K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$272K	$259K	75x	as long as short
Backpack S_USDC_PERP	+0.0495%	1h	$116K	$242K	5x	as long as short