Lighter Variational RiseX
CONNECTING... | —:—:—
NARROWEST BASIS 🎯
—
Optimal Entry Point
WIDEST SPREAD ⚡
—
Max Divergence Spike
ENTRY OPPORTUNITIES 🟢
0
< 10 bps entry window
LIVE MARKETS 📡
40+
Continuous 24/7 logging
📋 Market Watchlist (Lighter × Variational)
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🔍
Symbol Basis (bps) ▾ Funding APR Marks Breakdown
L×V
CURRENT BASIS
—
24H RANGE (MIN/MAX)
— / —
FUND SPREAD (APR)
—
🥇 Gold Convergence Arbitrage (XAU vs XAUt)
+0.0 bps ($0.00 spread)
🟢 LOADING SPREAD...
🏛️ Lighter (XAU Perp)
Robinhood Chain
Mark Price—
Best Bid / Ask— / —
Orderbook Spread— bps
Funding Rate (8h)—%
Annualized Funding—% APR
🔷 Variational (XAUt Perp)
Omni RFQ
Mark Price—
Indicative BBO— / —
RFQ Quotes ($1k / $100k)—
Funding Rate (8h)—%
Annualized Funding—% APR
⚡ Leg A: Short Lighter @ Bid / Long Variational @ Ask
Standard carry execution taking funding differential
Executable Entry Basis— bps
Net Funding Yield—% APR
🔄 Leg B: Long Lighter @ Ask / Short Variational @ Bid
Reversal / Exit position back into convergence
Executable Exit Basis— bps
Exit Cost Impact—
📈 XAU·XAUT Historical Spread (7D)
7D Mean: — bps
🕐 Convergence Distribution by Hour-of-Day (UTC+7 Bangkok Time)
Statistical spread profile across 24 hours (72-hour historical window). Identifies recurring daily liquidity windows.
Hour (UTC+7) Median (p50) 90th Percentile (p90) Min Basis Samples
Analyzing hourly historical distribution...
💼 Active Basis Positions
Phase 4 Manual Overlay
No active positions defined in config.yaml.

📖 Quant Basis & Carry Arbitrage Guide

Basis Tracker monitors cross-venue mark price convergence and funding rate differentials between decentralized perpetual venues: Lighter, Variational Omni, and RiseX.

📊 Basis Formula

$$\text{Basis (bps)} = \frac{\text{Mark}_A - \text{Mark}_B}{\text{Mid Price}} \times 10,000$$
• < 10 bps: High convergence (favorable entry/exit window)
• > 30 bps: Significant divergence spike

💰 Funding Spread APR

Normalized 8-hour rate annualized:
$$\text{Funding Spread} = (F_A - F_B) \times 3 \times 365 \times 100\%$$
Positive spread indicates shorting Venue A and longing Venue B yields positive carry.