Funding you earn now, next payment 08:00 UTC+0.0139%/8h= +15.2% APRnext payment +$1.39 per $10,000 · paid last 24h +0.023%
Price spread now: Phemex against Variational Omni+0.660%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phemex is 0.660% dearer against Variational Omni than usual: you sell high and buy low: +$66 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ALGO | 0.1109 | −0.0039 | get 0.0039% / 8h | 6h 49m | $61K | $12K | — |
| Short | Phemex ALGOUSDT | 0.1116 | 0.0100 | get 0.0100% / 8h | 6h 49m | $3.8M | $1.8M | 50x |
Variational Omni ALGO
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Variational Omni. 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
- $29.1
- Price spread: +0.660% → 0.000%
- $66.04
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $83.14
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; Phemex: live order book, 4 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 8.98 bp | 25.2 bp −$25 | 67.8 bp −$678 | doesn't fit | doesn't fit |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1113 | +0.417% | $87K | $272K | 50x | as long as short |
| Variational Omni ALGOlong | −0.0039% | 8h | 0.1109 | long leg | $61K | $12K | — | |
| Deribit ALGO_USDC-PERPETUAL | −0.0019% | 1h | 0.1114 | +0.471% | $101K | $49K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1115 | +0.566% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.021% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | +0.650% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.530% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.508% | $9.9M | $35.0M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.435% | $11.4M | $12.2M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | +0.480% | $2.9M | $7.6M | 50x | as long as short |
Coinbase International ALGO-PERP-INTX
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | +0.435% | $874K | $842K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1114 | +0.525% | $22.9M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1114 | +0.480% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.570% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.489% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.453% | $61K | $143K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1116 | +0.660% | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1114 | +0.504% | $8K | $229K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1110 | +0.164% | $489K | $767K | 75x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0262% | 1h | 0.1115 | +0.529% | $827K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1114 | +0.510% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1831% | 1h | 0.1115 | +0.567% | $161K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
BloFin ALGO-USDT
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD