Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.030%
Price spread now: Variational Omni against Lighter−0.352%7-day average −0.137% · you buy dearer than you sell
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+0.319%+$32 · spread now −0.352%, 7d avg −0.137%
=Together, before fees+0.592%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$59 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.215% cheaper against Lighter than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.137%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.274%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US500 | 7,769.8 | 0.0032 | pay 0.0004% / 1h | 10m 58s | $2.0M | $28.5M | 50x |
| Short | Variational Omni US500 | 7,742.5 | 0 | get 0.0000% / 8h | 2h 10m | $17.5M | $9.6M | — |
Lighter US500
Variational Omni US500Funding 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
- −$6.72
- Price spread: −0.352% → −0.137%
- −$21.47
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$28.19
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 8 min ago; Variational Omni: RFQ quote, 3 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, 8 min ago | 0.39 bp | 0.4 bp $0 | 0.5 bp −$5 | 4.2 bp −$417 | 124.3 bp −$62.1K |
| Sell Variational Omni RFQ quote, 3 min ago | 1.89 bp | doesn't fit | 2.0 bp −$20 | doesn't fit | doesn't fit |
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 | 7,665.8 | −1.339% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0033% | 1h | 7,770.2 | +0.005% | $11.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,766.9 | −0.037% | $141K | $231K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,770.1 | +0.004% | $7.2M | $776K | 50x | as long as short |
| Variational Omni US500short | 0.0000% | 8h | 7,742.5 | −0.352% | $17.5M | $9.6M | — | |
| Bullet US500-USD | 0.0000% | 1h | 7,771.1 | +0.016% | $13K | $104K | 10x | as long as short |
| Lighter US500long | +0.0032% | 1h | 7,769.8 | long leg | $2.0M | $28.5M | 50x | |
| Extended SPX500m-USD | +0.0032% | 1h | 7,771.5 | +0.021% | $3.2M | $14.6M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,740.1 | −0.382% | $1.6M | $7.2M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,837.4 | +0.870% | — | $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 | 7,772.8 | +0.039% | $625K | $528K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,769.6 | −0.003% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,770.8 | +0.013% | $431.9M | $234.6M | 50x | as long as short |
| Polymarket Perps SP500-USD | +0.0050% | 1h | 7,769.8 | 0.000% | $9.1M | $2.3M | 50x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,771.1 | +0.017% | $1.1M | $69K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,772.4 | +0.033% | $9.5M | $7.8M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,770.9 | +0.014% | $261K | $177K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0227% | 1h | 7,766.7 | −0.040% | $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