Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.006%
Price spread now: Variational Omni against Bybit−0.231%7-day average +0.034% · 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)−0.008%−$1 on $10k
+Price spread, last 7 days+0.207%+$21 · spread now −0.231%, 7d avg +0.034%
=Together, before fees+0.199%+ Points / potential airdropVariational Omni: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.264% cheaper against Bybit than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARBUSDT | 0.2227 | −0.0132 | get 0.0132% / 8h | 1h 54m | $57.3M | $136.3M | 50x |
| Short | Variational Omni ARB | 0.2221 | −0.0157 | pay 0.0157% / 8h | 1h 54m | $1.9M | $2.8M | — |
Bybit ARBUSDT
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. 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
- −$5.16
- Price spread: −0.231% → +0.034%
- −$26.43
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$42.6
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Bybit live order book, 5 min ago | 0.22 bp | 10.1 bp −$10 | 19.3 bp −$193 | 49.4 bp −$4,938 | doesn't fit |
| Sell Variational Omni RFQ quote, 5 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 | 0.2213 | −0.611% | $40K | $283K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0333% | 1h | 0.2228 | +0.081% | $26K | $32K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0200% | 1h | 0.2228 | +0.058% | $7K | $2K | 10x | as long as short |
| Variational Omni ARBshort | −0.0157% | 8h | 0.2221 | −0.231% | $1.9M | $2.8M | — | |
| Bybit ARBUSDTlong | −0.0132% | 8h | 0.2227 | long leg | $57.3M | $136.3M | 50x | |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2226 | −0.004% | $22.2M | $163.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0108% | 8h | 0.2228 | +0.049% | $36.9M | $62.0M | 200x | as long as short |
| SoDEX ARB-USD | −0.0053% | 1h | 0.2227 | +0.018% | $4K | $2.9M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0022% | 8h | 0.2228 | +0.063% | $10K | $391K | 10x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2226 | −0.028% | $353K | $2.4M | 25x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0013% | 8h | 0.2227 | +0.017% | $63.4M | $323.6M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2229 | +0.129% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2229 | +0.099% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0010% | 8h | 0.2229 | +0.103% | $5.5M | $20.6M | 60x | as long as short |
| Polymarket Perps ARB-USD | +0.0070% | 1h | 0.2228 | +0.049% | $76K | $2.2M | 10x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2230 | +0.137% | $146K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0085% | 1h | 0.2230 | +0.148% | $1.1M | $5.2M | 50x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2227 | +0.018% | $20.9M | $38.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0089% | 8h | 0.2227 | +0.036% | — | $53.8M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2229 | +0.094% | $1.3M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2230 | +0.157% | $39.8M | $52.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2229 | +0.124% | $692K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2230 | +0.148% | $44K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2230 | +0.139% | $20.5M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2218 | −0.382% | $36K | $456K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2220 | −0.300% | $477K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2221 | −0.252% | $120K | $296K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2230 | +0.153% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2228 | +0.085% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2228 | +0.063% | $5.2M | $13.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0104% | 8h | 0.2229 | +0.099% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2231 | +0.198% | $506K | $2.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0274% / S −0.0157% | 1h | 0.2229 | +0.104% | $834K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2227 | +0.005% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2231 | +0.189% | $492K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0722% | 1h | 0.2232 | +0.247% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Polymarket Perps ARB-USD
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Bitget ARBUSDT
BingX ARB-USDT
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
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP