Funding you earn now, next payment 20:00 UTC−0.1536%/8hpaid last 24h −0.318%
Price spread now: Variational Omni against Lighter−0.647%7-day average −0.166% · 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)−0.314%−$31 on $10k
+Price spread, last 3 days (all we have)+1.598%+$160 · spread now −0.647%, 7d avg −0.166%
=Together, before fees+1.284%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$128 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Variational Omni is 0.481% cheaper against Lighter than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of −0.166%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.314% in total (about -36.2% 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 | Lighter S | 0.03943 | 0.0096 | pay 0.0012% / 1h | 6m 44s | $165K | $278K | 5x |
| Short | Variational Omni S | 0.03917 | −0.1440 | pay 0.0720% / 4h | 6m 44s | $608K | $116K | — |
Lighter S
Variational Omni SFunding 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
- −$322.58
- Price spread: −0.647% → −0.166%
- −$48.12
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$370.7
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 20 min ago; Variational Omni: RFQ quote, 26 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 live order book, 20 min ago | 8.97 bp | 23.9 bp −$24 | 102.7 bp −$1,027 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 26 min ago | 5.13 bp | doesn't fit | 46.2 bp −$462 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.2112% | 1h | 0.03937 | −0.160% | $33K | $38K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1488% | 1h | 0.03826 | −2.967% | $47K | $9K | 25x | as long as short |
| Variational Omni Sshort | −0.1440% | 4h | 0.03917 | −0.647% | $608K | $116K | — | |
| GMX S/USD [WBTC.b-USDC] | L −0.0173% / S +0.0169% | 1h | 0.03944 | +0.036% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03934 | −0.223% | $4 | — | 15x | as long as short |
| Aster SUSDT | −0.0090% | 4h | 0.03943 | +0.002% | $43K | $241K | 10x | as long as short |
| OKX S-USDT-SWAP | −0.0062% | 4h | 0.03936 | −0.178% | $988K | $11.2M | 20x | as long as short |
| Orderly PERP_S_USDC | −0.0025% | 4h | 0.03944 | +0.025% | $107K | $326K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03944 | +0.035% | $608 | — | 150x | as long as short |
| 01 Exchange SUSD | +0.0016% | 1h | 0.03930 | −0.330% | $24K | $3K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Aster SUSDT
OKX S-USDT-SWAP
Orderly PERP_S_USDC
gTrade (Gains Network) S/USD
01 Exchange SUSDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +3.982% | $2K | $37K | 12x | as long as short |
| Lighter Slong | +0.0096% | 1h | 0.03943 | long leg | $165K | $278K | 5x | |
| Hyperliquid S | +0.0100% | 1h | 0.03941 | −0.043% | $1.0M | $1.2M | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03940 | −0.079% | $5.4M | $34.2M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03933 | −0.254% | $5.6M | $8.3M | 50x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03937 | −0.152% | $322K | $347K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03942 | −0.025% | $3.8M | $3.4M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03940 | −0.076% | $1.8M | $3.5M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03940 | −0.076% | $1.2M | $4.2M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03937 | −0.152% | — | $6.9M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03930 | −0.330% | $26K | $482K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03936 | −0.166% | $221K | $904K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0309% | 1h | 0.03950 | +0.178% | $115K | $264K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03935 | −0.203% | $273K | $257K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0510% | 1h | 0.03948 | +0.127% | $66K | $10K | 10x | as long as short |
Injective S/USDC PERP
Hyperliquid S
Binance SUSDT
Bybit SUSDT
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Backpack S_USDC_PERP
BloFin S-USDT
Deribit S_USDC-PERPETUAL