Funding you earn now, next payment 08:00 UTC−0.0103%/8h= −11.3% APRnext payment −$1.03 per $10,000 · paid last 24h +0.032%
Price spread now: Variational Omni against BloFin+0.101%7-day average −0.010% · 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)+0.077%+$8 on $10k
+Price spread, last 3 days (all we have)−0.112%−$11 · spread now +0.101%, 7d avg −0.010%
=Together, before fees−0.035%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.112% dearer against BloFin than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.010%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days. Mind the row above: over the last 3 days funding on this pair paid +0.077%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BTC-USDT | 86,184.8 | 0.0203 | pay 0.0203% / 8h | 7h 17m | $415.3M | $641.0M | 150x |
| Short | Variational Omni BTC | 86,271.9 | 0.0100 | get 0.0100% / 8h | 7h 17m | $157.9M | $558.2M | — |
BloFin BTC-USDT
Variational Omni BTCFunding 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
- −$21.66
- Price spread: +0.101% → −0.010%
- $11.16
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$22.51
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 7 min ago; 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 BloFin live order book, 7 min ago | 0.02 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.4 bp −$644 | 7.8 bp −$3,914 |
| Sell Variational Omni RFQ quote, 2 min ago | 0.50 bp | doesn't fit | 0.5 bp −$5 | 4.6 bp −$460 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,239 | +0.063% | $2.2M | $11.2M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0083% | 1h | 86,221.8 | +0.043% | $144K | $667K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,248 | +0.073% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 86,225.1 | +0.047% | $363K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,233.8 | +0.057% | $541K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,210 | +0.029% | $36.8M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0022% | 1h | 86,243.1 | +0.068% | $16.9M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.201% | $343K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0028% | 8h | 86,221.3 | +0.042% | $500.0M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,191.9 | +0.008% | $830.7M | $718.6M | 125x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0047% | 1h | 86,196 | +0.013% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDC | +0.0050% | 8h | 86,217.1 | +0.037% | — | $15.3M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,233.1 | +0.056% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0065% | 8h | 86,215.5 | +0.036% | $2.97B | $5.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0074% | 1h | 86,188 | +0.004% | $60.4M | $338.2M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,192 | +0.008% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0082% | 8h | 86,214.2 | +0.034% | $5.09B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,245.6 | +0.071% | $9.40B | $24.33B | 150x | as long as short |
| Gate BTC_USDT | +0.0091% | 8h | 86,219.4 | +0.040% | $5.76B | $10.59B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,205.5 | +0.024% | $170.3M | $990.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,214.9 | +0.035% | $23.6M | $151.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,220 | +0.041% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,201 | +0.019% | $196K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,241 | +0.065% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,239.4 | +0.063% | $22.0M | $227.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,285 | +0.116% | $3.78B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,248.8 | +0.074% | $40.6M | $558.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,254.6 | +0.081% | $5.25B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,262.8 | +0.091% | $2.56B | $12.46B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,218 | +0.039% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,248.6 | +0.074% | $7.2M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,145.7 | −0.045% | $580.3M | $59.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,200.7 | +0.018% | $35.6M | $160.6M | 75x | as long as short |
| Variational Omni BTCshort | +0.0100% | 8h | 86,271.9 | +0.101% | $157.9M | $558.2M | — | |
| edgeX BTCUSDC | +0.0100% | 4h | 86,274.4 | +0.104% | $278.7M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,277 | +0.107% | $216.6M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,283.5 | +0.115% | $141.3M | $321.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,247 | +0.072% | $30.6M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,261.7 | +0.089% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,224 | +0.045% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,194.3 | +0.011% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,180.5 | −0.005% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,210.7 | +0.030% | $30.3M | $56.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,203.5 | +0.022% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,201.5 | +0.019% | $2.29B | $959.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,212.7 | +0.032% | $155.1M | $473.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,168.5 | −0.019% | $46.0M | $222.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,236.4 | +0.060% | — | $99.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,233.9 | +0.057% | $132.2M | $5.33B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,226.4 | +0.048% | $191.7M | $946.3M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0156% | 1h | 86,239.7 | +0.064% | $902.1M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,215.3 | +0.035% | $712K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0170% | 1h | 86,315.6 | +0.152% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDTlong | +0.0203% | 8h | 86,184.8 | long leg | $415.3M | $641.0M | 150x | |
| Kalshi KXBTCPERP | +0.0204% | 8h | 86,236 | +0.059% | $10.5M | $765.9M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0222% | 1h | 86,206.3 | +0.025% | $14.5M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]