Funding you earn now, next payment 03:00 UTC−0.0083%/8h= −9.0% APRpaid last 24h +0.021%
Price spread now: Variational Omni against Deribit+0.342%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
The price spread pays, funding is against you. Variational Omni is 0.342% dearer against Deribit than usual: you sell high and buy low (spread +0.342% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ARB_USDC-PERPETUAL | 0.2232 | −0.0064 | get 0.0008% / 1h | 17m 15s | $25K | $34K | 25x |
| Short | Variational Omni ARB | 0.2240 | −0.0147 | pay 0.0147% / 8h | 5h 17m | $1.9M | $2.9M | — |
Deribit ARB_USDC-PERPETUAL
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. 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
- −$17.34
- Price spread: +0.342% → 0.000%
- $34.21
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $9.87
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 2 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 2 min ago | 6.72 bp | doesn't fit | 15.7 bp −$157 | doesn't fit | doesn't fit |
Deribit: 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.
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 | −0.1577% | 1h | 0.2225 | −0.309% | $40K | $372K | 12x | as long as short |
| Variational Omni ARBshort | −0.0147% | 8h | 0.2240 | +0.342% | $1.9M | $2.9M | — | |
| OKX ARB-USDT-SWAP | −0.0138% | 8h | 0.2230 | −0.085% | $22.4M | $150.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0137% | 8h | 0.2230 | −0.067% | $38.3M | $59.3M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0112% | 1h | 0.2231 | −0.054% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0105% | 8h | 0.2231 | −0.031% | $5.4M | $19.2M | 60x | as long as short |
| Polymarket Perps ARB-USD | −0.0104% | 1h | 0.2232 | −0.009% | $89K | $2.1M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2232 | −0.009% | $1.1M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0084% | 8h | 0.2231 | −0.045% | $56.8M | $125.9M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0073% | 8h | 0.2231 | −0.040% | $13K | $386K | 10x | as long as short |
Injective ARB/USDC PERP
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Gate ARB_USDT
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ARB-USD | −0.0070% | 1h | 0.2230 | −0.081% | $10K | $2.4M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUALlong | −0.0064% | 1h | 0.2232 | long leg | $25K | $34K | 25x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2237 | +0.250% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2233 | +0.029% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0024% | 8h | 0.2232 | −0.016% | $65.1M | $306.8M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2230 | −0.107% | $356K | $2.5M | 25x | as long as short |
| Phemex ARBUSDT | +0.0060% | 8h | 0.2231 | −0.040% | $5.0M | $12.9M | 50x | as long as short |
| Bitget ARBUSDT | +0.0080% | 8h | 0.2231 | −0.040% | $21.3M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0081% | 8h | 0.2231 | −0.045% | — | $53.9M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2233 | +0.032% | $142K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0095% | 8h | 0.2230 | −0.081% | $3.1M | $2.7M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2231 | −0.036% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2233 | +0.045% | $38.7M | $49.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2233 | +0.029% | $654K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2236 | +0.186% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2231 | −0.058% | $19.7M | $15.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2235 | +0.119% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2235 | +0.155% | $484K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2241 | +0.408% | $121K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2238 | +0.273% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2231 | −0.036% | $304K | $940K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2237 | +0.229% | $505K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2232 | +0.002% | $486K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2232 | +0.024% | $833K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2230 | −0.070% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0584% | 1h | 0.2236 | +0.188% | $1.0M | $2.8M | 20x | as long as short |
SoDEX ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Phemex ARBUSDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
BloFin 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
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP