Funding you earn now, next payment 00:00 UTC−0.0242%/8h= −26.5% APRnext payment −$2.42 per $10,000 · paid last 24h −0.007%
Price spread now: Variational Omni against BingX−0.348%7-day average +0.027% · 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)−0.014%−$1 on $10k
+Price spread, last 7 days+0.319%+$32 · spread now −0.348%, 7d avg +0.027%
=Together, before fees+0.305%+ Points / potential airdropVariational Omni: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.375% cheaper against BingX than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.014% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ARB-USDT | 0.2223 | 0.0089 | pay 0.0089% / 8h | 1h 56m | — | $53.7M | — |
| Short | Variational Omni ARB | 0.2215 | −0.0153 | pay 0.0153% / 8h | 1h 56m | $1.8M | $2.8M | — |
BingX ARB-USDT
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BingX. 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
- −$50.87
- Price spread: −0.348% → +0.027%
- −$37.51
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$98.38
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 12 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 BingX live order book, 12 min ago | 1.57 bp | 7.9 bp −$8 | 10.6 bp −$106 | 18.3 bp −$1,830 | 67.9 bp −$34.0K |
| Sell Variational Omni RFQ quote, 3 min ago | 4.52 bp | doesn't fit | 18.1 bp −$181 | doesn't fit | doesn't fit |
ARB on 36 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 ARB/USDC PERP | −0.1770% | 1h | 0.2210 | −0.567% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0216% | 1h | 0.2223 | +0.009% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0155% | 1h | 0.2223 | +0.027% | $26K | $32K | 25x | as long as short |
| Variational Omni ARBshort | −0.0153% | 8h | 0.2215 | −0.348% | $1.8M | $2.8M | — | |
| Bybit ARBUSDT | −0.0132% | 8h | 0.2222 | −0.018% | $57.2M | $136.4M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2223 | +0.027% | $22.2M | $163.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0111% | 8h | 0.2224 | +0.058% | $36.6M | $62.0M | 200x | as long as short |
| SoDEX ARB-USD | −0.0047% | 1h | 0.2222 | −0.045% | $4K | $2.9M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0023% | 8h | 0.2223 | +0.018% | $10K | $390K | 10x | as long as short |
| Binance ARBUSDT | −0.0019% | 8h | 0.2223 | +0.012% | $63.3M | $323.9M | 75x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Binance ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0016% | 1h | 0.2222 | −0.008% | $353K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2225 | +0.099% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2223 | +0.003% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0008% | 8h | 0.2224 | +0.058% | $5.5M | $20.6M | 60x | as long as short |
| Polymarket Perps ARB-USD | +0.0075% | 1h | 0.2223 | +0.027% | $76K | $2.2M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2224 | +0.066% | $145K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2225 | +0.105% | $1.1M | $5.2M | 50x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2224 | +0.063% | $20.8M | $38.1M | 50x | as long as short |
| BingX ARB-USDTlong | +0.0089% | 8h | 0.2223 | long leg | — | $53.7M | — | |
| Lighter ARB | +0.0096% | 1h | 0.2225 | +0.112% | $1.3M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2226 | +0.166% | $39.7M | $52.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2223 | +0.039% | $690K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2225 | +0.099% | $44K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2224 | +0.081% | $20.5M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2218 | −0.202% | $36K | $456K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2216 | −0.309% | $477K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2217 | −0.252% | $120K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2222 | −0.027% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2224 | +0.072% | $274K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2221 | −0.072% | $5.2M | $13.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0101% | 8h | 0.2222 | −0.031% | $3.0M | $3.2M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0153% / S −0.0019% | 1h | 0.2223 | +0.018% | $843K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2225 | +0.108% | $505K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2222 | −0.011% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2226 | +0.131% | $491K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0664% | 1h | 0.2226 | +0.144% | $1.1M | $2.7M | 20x | as long as short |
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Polymarket Perps ARB-USD
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP