data as of
Settings8H · net · $10k
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Price arb /

S

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Spread before costs (cost unknown: a leg has no order-book sample)−0.091%
7d average+0.168%if it closes, per $10,000$9funding while held, a day+$27.55
Long on Variational OmniShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni S0.03891−0.0822get 0.0411% / 4h3h 24m$606K$121K—
ShortLighter S0.038870.0096get 0.0012% / 1h24m 54s$163K$324K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$9.15
Funding while held
$27.55
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
$18.4
Spread needed to break even
0.000%
Slippage unknown: Variational Omni: RFQ quote, 20 min ago; Lighter: live order book, 11 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0918%
Per $10,000 a day
+$27.55
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 20 min ago7.70 bpdoesn't fit100.1 bp −$1,001doesn't fitdoesn't fit
Sell Lighter live order book, 11 min ago1.27 bp10.1 bp −$1063.3 bp −$633doesn't fitdoesn't fit

S price on every exchange

against the cheapest. Click to use as the short leg.
01 Exchange0.03750cheapestBybit0.03877+3.387%Gate0.03879+3.440%BingX0.03879+3.440%KuCoin0.03880+3.467%OKX0.03882+3.520%Bitget0.03882+3.520%Extended0.03883+3.536%Binance0.03883+3.547%MEXC0.03883+3.547%Hyperliquid0.03883+3.557%Coinbase International0.03886+3.627%
Lighter0.03887+3.653%
Aster0.03887+3.653%Reya0.03889+3.704%Kraken Futures0.03889+3.706%Orderly0.03889+3.707%Backpack0.03890+3.733%
Variational Omni0.03891+3.748%
Deribit0.03893+3.813%GMX0.03894+3.837%gTrade (Gains Network)0.03895+3.857%BloFin0.03896+3.893%ApeX Omni0.03910+4.267%
Injective0.04100+9.333%

S on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
01 Exchange SUSD−3.613%−1.2784%1h$22K$3K5xas long as short
Bybit SUSDT−0.348%+0.0100%4h$5.6M$9.5M50xas long as short
Gate S_USDT−0.297%+0.0100%4h$323K$374K50xas long as short
BingX S-USDT−0.297%+0.0100%4h—$7.0M—as long as short
KuCoin SUSDTM−0.271%+0.0100%4h$1.8M$3.8M50xas long as short
OKX S-USDT-SWAP−0.220%+0.0100%4h$987K$12.4M20xas long as short
Bitget SUSDT−0.220%+0.0100%4h$1.2M$4.7M50xas long as short
Extended S-USD−0.204%+0.0104%1h$219K$946K10xas long as short
Binance SUSDT−0.194%+0.0100%4h$5.3M$40.6M75xas long as short
MEXC S_USDT−0.194%+0.0100%4h$3.5M$3.5M200xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hyperliquid S−0.184%+0.0100%1h$1.0M$1.5M5xas long as short
Coinbase International S-PERP-INTX−0.117%−0.2448%1h$48K$11K25xas long as short
Lighter Sshort−0.091%+0.0096%1h$163K$324K5x
Aster SUSDT−0.091%−0.0086%4h$42K$266K10xas long as short
Reya SRUSDPERP−0.043%−0.0101%1h$4—15xas long as short
Kraken Futures PF_SUSD−0.041%−0.2940%1h$33K$48K10xas long as short
Orderly PERP_S_USDC−0.040%−0.0125%4h$103K$330K10xas long as short
Backpack S_USDC_PERP−0.014%+0.0100%1h$113K$227K5xas long as short
Variational Omni Slong0.000%−0.0822%4h$606K$121K—
Deribit S_USDC-PERPETUAL+0.063%+0.0007%1h$65K$11K10xas long as short
GMX S/USD [WBTC.b-USDC]+0.086%L −0.0373% / S +0.0345%1h$1K—100xas long as short
gTrade (Gains Network) S/USD+0.105%L +0.0001% / S +0.0006%1h$600—150xas long as short
BloFin S-USDT+0.140%+0.0340%4h$282K$264K75xas long as short
ApeX Omni SUSDT+0.500%+0.0100%1h$23K$502K50xas long as short
Injective S/USDC PERP+5.383%+0.0033%1h$2K$120K12xas long as short