Funding you earn now, next payment 00:00 UTC−0.0239%/8h= −26.1% APRnext payment −$2.39 per $10,000 · paid last 24h −0.020%
Price spread now: Variational Omni against BloFin−0.062%56s7-day average −0.019% · 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)−0.055%−$5 on $10k
+Price spread, last 3 days (all we have)−0.379%−$38 · spread now −0.062%, 7d avg −0.019%
=Together, before fees−0.434%+ Points / potential airdropVariational Omni: Active · farm board−$43 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 0.043% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.019%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.055% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.39 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 | BloFin ARB-USDT | 0.2277 | 0.0054 | pay 0.0054% / 8h | 28m 13s | $3.2M | $2.8M | 75x |
| Short | Variational Omni ARB | 0.2276 | −0.0184 | pay 0.0184% / 8h | 28m 13s | $2.0M | $2.8M | — |
BloFin ARB-USDT
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BloFin. 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
- −$50.11
- Price spread: −0.062% → −0.019%
- −$4.29
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$66.4
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 5 min ago; Variational Omni: RFQ quote, 1 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 BloFin live order book, 5 min ago | 1.97 bp | 9.9 bp −$10 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 4.39 bp | doesn't fit | 21.9 bp −$219 | 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 | −0.1785% | 1h | 0.2265 | −0.544% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0267% | 1h | 0.2278 | +0.013% | $75K | $2.0M | 10x | as long as short |
| Variational Omni ARBshort | −0.0184% | 8h | 0.2276 | −0.062% | $2.0M | $2.8M | — | |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2278 | +0.018% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0162% | 8h | 0.2276 | −0.075% | $58.6M | $128.2M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0108% | 8h | 0.2276 | −0.079% | $23.0M | $160.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0107% | 8h | 0.2277 | −0.018% | $38.3M | $59.7M | 200x | as long as short |
| SoDEX ARB-USD | −0.0061% | 1h | 0.2277 | −0.013% | $4K | $2.6M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0057% | 1h | 0.2278 | +0.035% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2277 | −0.018% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2279 | +0.080% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2279 | +0.070% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0005% | 8h | 0.2277 | −0.022% | $5.5M | $20.2M | 60x | as long as short |
| Binance ARBUSDT | +0.0015% | 8h | 0.2277 | −0.035% | $66.7M | $312.6M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2276 | −0.053% | $363K | $2.3M | 25x | as long as short |
| BloFin ARB-USDTlong | +0.0054% | 8h | 0.2277 | long leg | $3.2M | $2.8M | 75x | |
| Bitget ARBUSDT | +0.0065% | 8h | 0.2276 | −0.061% | $21.5M | $35.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0067% | 8h | 0.2277 | −0.009% | — | $53.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2280 | +0.102% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2278 | +0.026% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2281 | +0.162% | $41.5M | $47.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2278 | +0.045% | $710K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2280 | +0.093% | $48K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2279 | +0.057% | $19.8M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2278 | +0.034% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2277 | −0.012% | $487K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2278 | +0.026% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2281 | +0.158% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2278 | +0.004% | $291K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2277 | −0.018% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2279 | +0.070% | $513K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2279 | +0.065% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2276 | −0.040% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2279 | +0.051% | $932K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2280 | +0.130% | $504K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0494% | 1h | 0.2280 | +0.127% | $927K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Binance ARBUSDT
Extended ARB-USD
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
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
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP