Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.006%
Price spread now: Variational Omni against Lighter+0.036%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 0.036% dearer against Lighter than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter IBM | 232.19 | 0.0032 | pay 0.0004% / 1h | 51m 16s | $38K | $48K | 10x |
| Short | Variational Omni IBM | 232.27 | 0 | get 0.0000% / 8h | 1h 51m | $257K | $13K | — |
Lighter IBM
Variational Omni IBMFunding 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: +0.036% → 0.000%
- $3.63
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$3.09
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; Variational Omni: RFQ quote, 58 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, 58 min ago | 5.49 bp | doesn't fit | 68.1 bp −$681 | 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.
IBM 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IBM-USDT | −0.0016% | 8h | 232.36 | +0.073% | $47K | $56K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.27 | +0.033% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.27 | +0.033% | $53K | $234K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 232.33 | +0.061% | $3.8M | $5.5M | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 232.18 | −0.004% | $1.0M | $356K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.22 | +0.013% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.28 | +0.039% | $752K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.24 | +0.022% | $780K | $343K | 20x | as long as short |
| Variational Omni IBMshort | 0.0000% | 8h | 232.27 | +0.036% | $257K | $13K | — | |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.28 | +0.039% | $14 | $163K | 10x | as long as short |
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
GRVT IBM_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IBM-USDT | 0.0000% | 8h | 232.05 | −0.060% | $1K | $472K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.38 | +0.082% | $6K | $33K | 20x | as long as short |
| Lighter IBMlong | +0.0032% | 1h | 232.19 | long leg | $38K | $48K | 10x | |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.411% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.07 | −0.052% | — | — | 25x | as long as short |
| QFEX IBM-USD | +0.0049% | 1h | 232.24 | +0.022% | $1.2M | $2.1M | 10x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 232.08 | −0.047% | $1.8M | $816K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.22 | +0.013% | $195K | $44K | 20x | as long as short |
SunX IBM-USDT
HTX IBM-USDT
Injective IBM/USDC PERP
Vest IBM-USD-PERP
QFEX IBM-USD
tradeXYZ xyz:IBM
KuCoin IBMUSDTM