Funding you earn now, next payment 01:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.028%
Price spread now: Lighter against Variational Omni+0.356%7-day average +0.086% · 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)+0.077%+$8 on $10k
+Price spread, last 7 days−0.241%−$24 · spread now +0.356%, 7d avg +0.086%
=Together, before fees−0.164%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.270% dearer against Variational Omni than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7211 | 0.0005 | pay 0.0002% / 4h | 3h 07m | $1.1M | $717K | — |
| Short | Lighter ETHFI | 0.7237 | 0.0096 | get 0.0012% / 1h | 7m 04s | $1.1M | $894K | 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
- $19.18
- Price spread: +0.356% → +0.086%
- $26.98
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $46.15
- 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 | 4.84 bp | doesn't fit | 43.6 bp −$436 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 8.20 bp | 37.3 bp −$37 | 99.4 bp −$994 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0689% | 4h | 0.7207 | −0.060% | $83K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0441% | 1h | 0.7228 | +0.231% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0210% | 4h | 0.7225 | +0.190% | $17K | $1K | 10x | as long as short |
| Variational Omni ETHFIlong | +0.0005% | 4h | 0.7211 | long leg | $1.1M | $717K | — | |
| Paradex ETHFI-USD-PERP | +0.0015% | 8h | 0.7219 | +0.105% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.398% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0090% | 4h | 0.7223 | +0.162% | $15.4M | $3.9M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0093% | 4h | 0.7225 | +0.189% | $25.2M | $36.4M | 75x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7237 | +0.356% | $1.1M | $894K | 5x | |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7223 | +0.164% | $101K | $388K | 10x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7233 | +0.295% | $18.1M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7233 | +0.294% | $185K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7225 | +0.190% | $18.3M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7226 | +0.204% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7230 | +0.259% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7231 | +0.273% | $1.2M | $263K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7223 | +0.162% | $6.2M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7228 | +0.231% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7223 | +0.157% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7224 | +0.176% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7230 | +0.259% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7245 | +0.467% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0218% | 1h | 0.7233 | +0.308% | $275K | $165K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0333% | 4h | 0.7216 | +0.065% | $1.3M | $269K | 75x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT