Funding you earn now, next payment 02:00 UTC+0.0241%/8h= +26.3% APRpaid last 24h +0.051%
Price spread now: Variational Omni against GMX−0.667%50s7-day average −0.178% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.159%+$16 on $10k
+Price spread, last 3 days (all we have)−0.050%−$5 · spread now −0.667%, 7d avg −0.178%
=Together, before fees+0.109%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.488% cheaper against GMX than usual: you would sell low and buy high (spread −0.667% now, against its 7-day average of −0.178%). If the spread goes back, that is −$49 on $10k: about 6.8 days of funding at the current rate (+$7 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AR/USD [WBTC.b-USDC] | 4.5204 | L −0.0141% / S +0.0551% | get 0.0018% / 1h | 31m 22s | $581K | — | 50x |
| Short | Variational Omni AR | 4.4903 | 0.0100 | get 0.0100% / 8h | 6h 31m | $140K | $165K | — |
GMX AR/USD [WBTC.b-USDC]
Variational Omni ARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GMX. 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
- $50.52
- Price spread: −0.667% → −0.178%
- −$48.82
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$10.3
- Costs to cover
- 0.120%
- Break-even
- 8.4 days
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 38 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 GMX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 38 min ago | 4.88 bp | doesn't fit | 160.8 bp −$1,608 | doesn't fit | doesn't fit |
GMX: 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.
AR on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.1694% | 1h | 4.5233 | +0.064% | $55K | $149K | 20x | as long as short |
| Injective AR/USDC PERP | −0.0353% | 1h | 4.6110 | +2.003% | $2K | $2K | 5.5x | as long as short |
| GMX AR/USD [WBTC.b-USDC]long | L −0.0141% / S +0.0551% | 1h | 4.5204 | long leg | $581K | — | 50x | |
| OKX AR-USDT-SWAP | −0.0128% | 8h | 4.5230 | +0.057% | $2.3M | $19.4M | 20x | as long as short |
| Extended AR-USD | +0.0032% | 1h | 4.5222 | +0.039% | $37K | $238K | 10x | as long as short |
| MEXC AR_USDT | +0.0032% | 8h | 4.5240 | +0.079% | $6.4M | $4.3M | 100x | as long as short |
| Binance ARUSDT | +0.0035% | 8h | 4.5234 | +0.065% | $9.0M | $53.0M | 75x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5290 | +0.189% | $4.1M | $4.7M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5234 | +0.066% | $26K | $493K | 10x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5220 | +0.035% | $4.5M | $8.4M | 75x | as long as short |
Kraken Futures PF_ARUSD
Injective AR/USDC PERP
OKX AR-USDT-SWAP
Extended AR-USD
MEXC AR_USDT
Binance ARUSDT
Hyperliquid AR
Aster ARUSDT
Bybit ARUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AR_USDT | +0.0100% | 8h | 4.5220 | +0.035% | $2.5M | $2.1M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5240 | +0.079% | $1.4M | $1.1M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5200 | −0.010% | $3.9M | $5.4M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5250 | +0.101% | — | $2.9M | — | as long as short |
| Variational Omni ARshort | +0.0100% | 8h | 4.4903 | −0.667% | $140K | $165K | — | |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.4900 | −0.673% | $20K | $742K | 50x | as long as short |
Gate AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
ApeX Omni ARUSDT