Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.011%

Price spread now: Variational Omni against Lighter+0.088%7-day average −0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$3 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.088%, 7d avg −0.002%

Together, before fees+0.038%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.091% dearer against Lighter than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.002%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LITE	945.73	0.0032	pay 0.0004% / 1h	47m 05s	$27K	$104K	10x
Short	Variational Omni LITE	946.56	0	get 0.0000% / 8h	4h 47m	$260K	$119K	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Variational OmnibpOrdersPrice spread, now +0.088%Rate

Funding earned: −$6.72
Price spread: +0.088% → −0.002%: $9.06
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.34
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 49 min ago; Variational Omni: RFQ quote, 60 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, 49 min ago	0.79 bp	2.2 bp −$2	4.7 bp −$47	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 60 min ago	4.30 bp	doesn't fit	33.8 bp −$338	doesn't fit	doesn't fit

LITE on 27 exchanges

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
Deribit LITE_USDC-PERPETUAL	−0.0025%	1h	945.56	−0.018%	$18K	$38K	10x	as long as short
BloFin LITE-USDT	−0.0005%	8h	945.61	−0.013%	$218K	$259K	20x	as long as short
QFEX LITE-USD	0.0000%	1h	946.10	+0.039%	$1.1M	$3.7M	10x	as long as short
Aster LITEUSDT	0.0000%	8h	946.30	+0.060%	$106K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	945.39	−0.036%	$45K	$245K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	945.59	−0.015%	$12.0M	$51.6M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	945.29	−0.047%	$1.7M	$2.2M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	945.10	−0.067%	$3.5M	$18.9M	25x	as long as short
Bitget LITEUSDT	0.0000%	8h	944.97	−0.080%	$2.5M	$3.4M	20x	as long as short
Variational Omni LITEshort	0.0000%	8h	946.56	+0.088%	$260K	$119K	—

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LITE-USDT	0.0000%	8h	946.20	+0.050%	$712	$3.4M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	945.97	+0.025%	$7K	$30K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	945.84	+0.012%	$1.5M	$751K	10x	as long as short
Lighter LITElong	+0.0032%	1h	945.73	long leg	$27K	$104K	10x
Coinbase International LITE-PERP-INTX	+0.0040%	1h	950.35	+0.489%	$122K	$167K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	946.21	+0.051%	—	$3K	10x	as long as short
tradeXYZ xyz:LITE	+0.0050%	1h	945.73	0.000%	$7.7M	$5.0M	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	946.10	+0.039%	$70K	$235K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	945.28	−0.048%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	945.96	+0.024%	$32K	$362K	10x	as long as short
Gate LITE_USDT	+0.0054%	8h	945.57	−0.017%	$7.9M	$6.5M	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	945.76	+0.003%	$919	$3K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	945.91	+0.019%	$517K	$273K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	945.21	−0.055%	$16K	$267K	50x	as long as short
Aevo LITE-PERP	+0.0104%	1h	946.97	+0.131%	—	—	10x	as long as short
GRVT LITE_USDT_Perp	+0.0409%	8h	944.80	−0.098%	$765	$190K	10x	as long as short
edgeX LITEUSDC	+0.0978%	4h	944.94	−0.083%	$61K	$492K	10x	as long as short