Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.030%
Price spread now: Lighter against Variational Omni+0.333%7-day average +0.137% · 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)−0.274%−$27 on $10k
+Price spread, last 7 days−0.300%−$30 · spread now +0.333%, 7d avg +0.137%
=Together, before fees−0.574%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$57 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 0.196% dearer against Variational Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.137%. Mind the row above: over the last 4 days funding on this pair cost −0.274%, 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 | 7,740.6 | 0 | get 0.0000% / 8h | 1h 51m | $17.4M | $9.3M | — |
| Short | Lighter US500 | 7,766.4 | 0.0032 | get 0.0004% / 1h | 51m 07s | $1.9M | $28.2M | 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: +0.333% → +0.137%
- $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
- $26.36
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 8 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, 3 min ago | 1.89 bp | doesn't fit | 1.9 bp −$19 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.64 bp | 0.6 bp −$1 | 0.6 bp −$6 | 4.4 bp −$437 | 144.7 bp −$72.4K |
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 | 7,667.4 | −0.946% | $7K | $105 | 52x | as long as short |
| QFEX US500-USD | −0.0039% | 1h | 7,767.6 | +0.349% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,769.2 | +0.370% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,769.6 | +0.375% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500long | 0.0000% | 8h | 7,740.6 | long leg | $17.4M | $9.3M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,768.1 | +0.355% | $12K | $104K | 10x | as long as short |
| Lighter US500short | +0.0032% | 1h | 7,766.4 | +0.333% | $1.9M | $28.2M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,768.8 | +0.365% | $3.2M | $14.7M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,739.3 | −0.017% | $1.6M | $7.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,833.9 | +1.205% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
OKX US500-USDT-SWAP
Bitget SP500USDT
Bullet US500-USD
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,769.2 | +0.370% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,766.3 | +0.332% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,767.7 | +0.350% | $431.7M | $233.7M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,766 | +0.328% | $9.0M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,767.7 | +0.350% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,768.9 | +0.366% | $9.5M | $7.9M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,768.2 | +0.357% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0247% | 1h | 7,768.5 | +0.360% | $471 | $27K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
Polymarket Perps SP500-USD
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD